InvestMaryland Challenge advances 41 companies
The early-stage business competition—with awards provided by DBED’s Maryland Venture Fund, the BioMaryland Center and other sponsors—seeks to grow entrepreneurship and innovation in the State.
Ultimately, four companies will each receive $100,000 grand prizes in
four categories, including information technology, cybersecurity, life
sciences and general industry. All applicants have opportunities for
promotion, networking and feedback from industry experts. Total
available grants and prizes, including the four $100,000 awards, are
valued at more than $700,000.
“The InvestMaryland Challenge brings together some of the most
exciting young companies in Maryland to showcase the thriving
entrepreneurial community in our State and provide these rising stars of
cybersecurity, biotechnology, IT and other fields with the resources
they need to thrive,” said DBED Secretary Dominick Murray.
“Congratulations to all the InvestMaryland Challenge semifinalists. To
stand out from such a large pool of applicants is an achievement in
itself and I wish them the best of luck as they move forward in the
The competition extends beyond Maryland’s borders, although
out-of-state ventures are expected to establish themselves in Maryland,
either through acquired space or a State incubator. Two Washington, D.C.
companies and one New York company join 38 Maryland companies as
Applicants will participate in face-to-face interviews with judges on
March 6 at DBED headquarters at the Baltimore World Trade Center. The
final winners will be announced later this spring.
For the complete list go to http://mdbiznews.choosemaryland.org/2014/02/11/investmaryland-challenge-advances-41-companies/