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InvestMaryland Challenge narrows down semi-finalists

investmdchallengeThe InvestMaryland Challenge is heating up with 33 companies advancing to the final round.

Hosted by the Maryland Department of Business & Economic Development, the competition will award $300,000 in grants and business services to companies in the life sciences and high tech industries. Companies also have the opportunity to receive direct investments from venture capital firms and angel investors.

The 33 remaining semi-finalists were selected out of more than 250 applicants. Representatives of each company will participate in 15-minute face-to-face interviews with Maryland DBED on March 5. The Governor’s Cup Awards Ceremony for the final winners in all three categories is planned for April 15.

“On behalf of the State and its partners in the inaugural InvestMaryland Challenge, I would like to congratulate the companies that have advanced this far,” DBED Secretary Dominick Murray stated in a press release. “The Challenge is a tremendous opportunity for these startups and for Maryland to celebrate the vibrant entrepreneurial community that is producing so many promising young companies. These entrepreneurs are pushing the boundaries of life sciences, information technology, and other industries and are helping to position Maryland as a global leader in the Innovation Economy.”

A list of all companies advancing to the final round, sorted by category, is after the break.

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