MasterPeace LaunchPad Initiates Annual Cohort Class With Five SpinCo Teams
Summary
MasterPeace’s program is modeled after the Lean LaunchPad start-up Business and Engineering school class taught at Stanford University, based on a methodology created by entrepreneur Steve Blank to support the launch of commercially focused technology companies. “MasterPeace LaunchPad is diversifying Maryland’s economic base by leveraging its Cyber and Technology talent pool to create new product companies and career opportunities for engineers who have previously focused on the Government Contracting sector,” said Drew Cohen, MasterPeace President and CEO. “We are glad to have the opportunity to support this new group of talented individuals and are eager to continue providing a platform for our engineers to create and launch new product companies.” The five new SpinCo teams that comprise MasterPeace LaunchPad’s 2019 cohort class, some of which may turn into commercial companies that ultimately “spin out,” are working to build businesses that deliver unique technology to the marketplace. By creating a culture that welcomes new businesses, leverages our strategic location, and utilizes our talented workforce, our community continues to be a land of opportunity,” said Howard County Executive, Calvin Ball. Our innovation factory provides the platform and processes to combine creative ideas with technical resources, experienced leaders, and a purpose-built start-up ecosystem to launch new businesses.