Momentum Fund News
November 29, 2022
Aircraft engine startup plans manufacturing facility in Canton after $3.5M round
A local aircraft engine manufacturer has raised a $3.5 million round and now plans to open a new manufacturing facility in Baltimore. North American Wave Engine Corp. plans to build a 7,500-square-…
- Portfolio Company News
November 21, 2022
Jet propulsion-focused Wave Engine lands $3.5M round alongside new Baltimore facility
The University of Maryland spinout, which develops next-generation jet propulsion engines and aerial vehicles, deepened its presence in Charm City after years of growth and contracts with defense…
- Portfolio Company News
September 7, 2022
University System of Maryland Names Mike Ravenscroft Managing Director of the Maryland Momentum Fund
Baltimore, Md. (Sept. 7, 2022) – The University System of Maryland (USM) has named Mike Ravenscroft as Managing Director of the Maryland Momentum Fund (MMF), a $16 million investment fund that…
- MMF Release
- USM News