The organization was founded in 2004 as a public-private partnership and is supported by various entities, including the Frederick County, City of Frederick, and the State of Maryland. FITCI is located in Frederick, Maryland, and is home to emerging biotechnology and information technology companies. Its main goal is to foster entrepreneurship in Frederick County and accelerate the development of commercial viable businesses while generating continued job growth. FITCI is a successful example of private/public business partnerships that can meet public sector goals while operating efficiently and cost-effectively in the private sector.