Baltimore entrepreneur Greg Cangialosi ’96, English, has set his sights on helping new tech companies take off and fly.

The founder of Blue Sky Factory, a tech marketing firm Cangialosi founded in 2001 and sold this year, will team up with Sean Lane, chief executive of BTS Corp., a software company in Baltimore, the Baltimore Sun reports:

Their goal: Make small investments in several startups, germinate their own ideas, and help nurture the city’s entrepreneurial ecosystem.

“We want to bring in bright people who are running companies, to help give them a shot in the arm,” Cangialosi said.

A former member of the UMBC Alumni Association Board of Directors, Cangialosi has stayed involved with UMBC, most recently acting as a judge in the university’s entrepreneurially-inspired “IDEA competition.”

Read the full Baltimore Sun story here.

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