Business & Tech
State Invests in Silver Spring Video Start-Up
The fledgling company simplifies the video creation process online.
The video rental business? Getting weaker by the day. The video production business? On the up-and-up, or so Maryland is betting.
The state is investing $150,000 in ReelGenie, a video production start-up in Silver Spring, Gov. Martin O'Malley announced Monday.
This investment, along with $200,000 for a Baltimore social media firm, was made through the InvestMaryland Program for Maryland startups in high-tech, high-growth fields.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
So what does ReelGenie do? It simplifies the video creation process: you feed in the raw material (photos, video clips, music), and ReelGenie quickly assembles it for you. Then you can share it online, download it or buy it as a DVD.
ReelGenie has four employees, but it has plans to use seed money from Maryland and other investors to add staff for marketing, software development and business development.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
ReelGenie is located in the Silver Spring Innovation Center on Georgia Avenue.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
