Frederick Innovative Technology Center, Inc. receives $88,000 grant from Truist Foundation to assist in funding IDEA Lab in new center

Now, thanks to Truist Foundation, we can finally assemble resources necessary to successfully help early- and idea-stage companies build and come to fruition, says FITCI President and CEO Kathie Callahan Brady. Facilitating a diverse cross-sector mentoring board as the foundation of the IDEA Lab, using successful business owners and entrepreneurs themselves as a guiding star. Discovering and helping establish a new innovative ecosystem of partnerships for women and BIPOC entrepreneurs in Frederick.Entrepreneurs are a powerful force for economic growth, productivity and employment in our region, said Robert Tuggle, market president for Truist in Frederick County. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. Truist Foundations grants and activities focus on building career pathways to economic mobility and strengthening small businesses.