InvestMaryland

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

Sponsor

Award

Companies

Whiteford, Taylor & Preston

Legal services

All 12 InvestMaryland Challenge finalists

CoFoundersLab

Membership

All 12 InvestMaryland Challenge finalists

Rock the Post

Discounted crowdfunding services

All 41 InvestMaryland Challenge semi-finalists

Betamore

Membership

All IT Hardware/Software, Cybersecurity and General Industry finalists

 

Maryland Centers of Innovation Awards Winners
Sponsor Award Company
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
Sponsor Award Company
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
Sponsor Award Company
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

 

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