Northrop Grumman Corp. has signed on as a sponsor of DreamIt Health Baltimore, a business accelerator backed by Johns Hopkins University and BioHealth Innovation Inc.
The accelerator gives startups $50,000 in seed funding, help gathering customers, and accounting and legal support, along with access to the expertise of the sponsors. Philadelphia-based accelerator DreamIt Ventures launched the incubator.
Leaders at the companies and Hopkins will choose up to 10 startups for the accelerator, starting with an "entrepreneurial boot-camp" in Baltimore from January through May. Applications were due Nov. 18.
Northrop Grumman provides health information technology products and services to federal agencies, the military and state, local and international governments.