Bowie Business Innovation Center Inc.
Bowie Business Innovation Center Inc.
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About this organization
Mission
A key educational resource and driver of entrepreneurship in Bowie, Maryland.
About
The Bowie Business Innovation Center (Bowie BIC) is a business accelerator program where technology companies and government contractors in the city of Bowie and Prince George's County access the mentoring, technical assistance, counseling, and connections to partners and capital to accelerate their business growth. Headquartered at the Center for Business at Bowie State University, Bowie BIC is the only business accelerator in Maryland located at a historically black college (HBCU). In 2018, Bowie BIC's 13 accelerator program clients and graduates report generating 212 jobs, $10.2 million in revenues, and supporting 5 internships for Bowie State University students. We also assisted 1364 county entrepreneurs, who participated in on-site training and counseling programs. Bowie BIC continued to operate a second office location in 2018, called Bowie BIC Next, for graduates of its 36-month business accelerator program, to keep those businesses growing and thriving in the city of Bowie. Bowie BIC is a Maryland non-profit organization funded through public/private partnerships with the Prince George's County Council, the city of Bowie, Maryland Technology Development Corporation (TEDCO) and the corporate community.
Interesting data from their 2019 990 filing
To accelerate the growth of the existing knowledge based, and professional service firms in bowie, some of which are minority-owned, many of which are currently home-based businesses, and increase the economic impact of these enterprises on the business base of bowie; to meet the development needs of a broad group of small and entrepreneurial enterprises which could be built around the expertise and technology of federal organizations and laboratories near bowie, including nasa, nsa and apl; and to help attract new, growth-oriented entrepreneurial businesses to the bowie area.
- Revenue reported was $180,489.
- Expenses reported were $269,943.
- Other expenses reported $56,956.
- The non-profit reported a excess or deficit for -$89,454.
- Other compensation reported was $166,289.
- Contributions, gifts, and grants reported were $100,328.
- The non-profit filed a copy of the returns in MD.
Accomplishments
- The bowie business innovation center (bowie bic) is a diverse, entrepreneurial business accelerator program where growth-oriented technology companies and government contractors in the city of bowie and prince george's county access mentoring, technical assistance, counseling, and connections to partners and capital to accelerate their business growth. headquartered at the center for business at bowie state university, bowie bic is the only business accelerator in maryland located at a historically black college (hbcu).bowie bic's 12 accelerator program clients and graduates report generating 192 jobs, $9.9 million in revenues, and supporting 8 internships for bowie state university students. in january 2017, bowie bic launched a second office location, called bowie bic next, for graduates of its 36-month business accelerator program to keep those businesses growing and thriving in the city of bowie. bowie bic is a maryland non-profit organization funded through public/private partnerships with the prince george's county council, the city of bowie, maryland technology development corporation (tedco) and the corporate community. Expenses $0.
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