InvestMaryland Challenge awards nearly $1M in grants, prizes
The second annual InvestMaryland Challenge, an early-stage business competition of the Maryland Department of Business & Economic Development, came to an exciting close Monday evening at the National Aquarium in Baltimore.
Maryland Governor Martin O’Malley, joined by DBED Secretary Dominick Murray, entrepreneurs and business leaders, applauded the winners of nearly $1 million in grants and prizes.
“Congratulations to the winners of the InvestMaryland Challenge, all the companies that participated and the members of Maryland’s vibrant and growing entrepreneurial community that have made the InvestMaryland Challenge such a success,” Governor O’Malley said in a statement.
“Maryland is more committed than ever to supporting the entrepreneurs and innovators who develop cutting-edge technologies, start new companies and create family-sustaining jobs that will employ citizens of our State for generations to come. I look forward to watching all of the Challenge companies grow and thrive here in Maryland,” he said.
Competition judges selected four of the most promising and innovative applicants to receive $100,000 grand prizes.
|$100,000 Grand Prize Grant Winners|
|Industry||Company||Company Description||Company location|
|IT Hardware/Software||ClickMedix||ClickMedix enables access to high-quality healthcare through mobile health (mHealth) technologies.||Gaithersburg, Maryland|
|Cybersecurity||Luminal||Luminal is a software startup company building next generation security and infrastructure systems for cloud computing.||Frederick, Maryland|
|Life Sciences||Brain Sentry||Brain Sentry’s innovative helmet-mounted sensor helps identify players who should be assessed for a concussion.||Bethesda, Maryland|
|General Industry||Healthify||Healthify sells a web-based platform to Medicaid Managed Care plans to screen their members in a medical setting for psychosocial needs—issues like food insecurity, substance abuse, and depression.||New York, New York|
In addition to the grand prizes, Cybersecurity category winner Luminal will receive free exhibit space from the Federal Business Council during the CyberMaryland Conference in Fall 2014. Healthify, the General Industry category winner, will receive an additional $2,500 cash award from the 2013 General Industry winner, i-Lighting CEO Scott Holland.
InvestMaryland Challenge sponsors have also provided hundreds of thousands of dollars in grants, prizes and business services to participating companies, bringing the total awards available to applicants to nearly $1 million. Find descriptions of each special award below:
InvestMaryland Challenge Finalist Awards
Discounted crowdfunding services
All IT Hardware/Software, Cybersecurity and General Industry finalists
|Maryland Centers of Innovation Awards Winners|
|bwtech@UMBC CyberHive||bwtech@UMBC CyberHive Awards: Co-working space|
|Maryland Center for Entrepreneurship||Maryland Center for Entrepreneurship Affiliated Services Award: Affiliated services|
|TowsonGlobal Business||TowsonGlobal Business Incubator Award: Associate membership|
|ETC Incubator||ETC Incubator Award: Incubator space|
|Eastern Shore Entrepreneurship Center & Rural Maryland Council||Rural Entrepreneur Award: $10,000 grant|
|U.S. Army Research Laboratory||Army Research Laboratory Awards: Incubator space and collaboration with U.S. Army scientists and engineers|
|Montgomery College||Montgomery College Kauffman FastTrac Awards: Scholarships to Kauffman FastTrac Tech Venture course|
|Life Sciences and Investor Awards Winners|
|Epidarex Capital||Epidarex Capital Investor Pitch Award: Pitch before venture capitalists and angel investment teams|
|Sterilex Corporation||Women in Science & Engineering Award: $1,000 to advance biomedical|
|BioHealth Innovation||BioHealth Innovation Commercial Relevance Program Award: Grant proposal consulting|
|Noble Life Sciences||Noble Life Sciences Drug Development Services Award: $5,000 in pre-clinical drug development services|
|BuzzQuake||BuzzQuake Marketing Award: Web development, content consulting and logo design services|
|Root3Labs||Root3Lab Electromechanical Device Development Award: Electromechanical device development support|
|SoMax Consulting||SoMax Business Consulting Award: Business consulting|
|High Tech Startup and Investor Awards Winners|
|New Market Ventures||New Market Ventures EdTech Investor Pitch Award: Pitch before investors|
|Dingman Center for Entrepreneurship at the University of Maryland, College Park||Dingman Angels Investor Pitch Award: Pitch before investors|
|Baltimore Angels||Baltimore Angels Investor Pitch Award: Pitch before investors|
|EnerTech Capital||EnerTech Capital Award: $2,500 grant and mentoring|
|Microsoft BizSpark||Microsoft BizSpark Business Services Award: $50,000 in business services|
|Prince George’s County||Prince George’s EDI Fund Conditional Loan Award: Prequalified to receive a $50,000 loan|
|Prince George’s County||FSC First Loan Fund Investor Pitch Awards: Pitch before investors|
|Partner2Partner Export||Partner2Partner Export Award: Export consultation and support|