The Maryland Innovation Lab provides local companies with early access to cutting-edge technologies from around the globe designed to help them thrive in competitive markets. Our pioneering approach connects corporations, governments, and global startups to fuel business growth and global trade through collaborative innovation.
Supported by the Maryland Department of Commerce, the Lab pairs leading global startups with corporate partners through an award-winning Innovation Lab program to solve critical challenges and unlock future opportunities through open innovation.
Central to the Lab is a startup pitch competition followed by a 10-week solution validation sprint, a collaboration between startups and corporates guided by the UK’s foremost corporate innovation specialist, L Marks, with support from the global business non-profit, the World Trade Center Institute.
The lab is made possible through the generous support of the Maryland Department of Commerce. As the state’s primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies.
maryland.gov
The World Trade Center Institute’s main role is to leverage its network of 3,500+ innovative globally minded businesses to identify Maryland-based companies interested in participating in the lab, serve as a liaison between the companies and L Marks, and help create the strategy for each project that is part of the lab.
wtci.org
L Mark’s primary focus is identifying corporate partners’ challenge themes, scouting global startups/scaleups, and facilitating collaboration between partners. The Maryland Innovation Lab was inspired by L Marks’ award-winning Innovation Lab model, which boasts an industry-leading solution deployment rate of 78% and over $3.6Bn in funding raised across nearly 100 global programs with its partners in Europe, Asia and North America.
lmarks.com