Five Companies to Represent Maryland Center for Entrepreneurship in the InvestMaryland Challenge
February 11, 2014
Columbia, MD - Five start-up businesses with ties to the Howard County Economic Development Authority’s Maryland Center for Entrepreneurship have advanced in the second annual InvestMaryland Challenge. The businesses were among 260 original applicants for grants and awards totaling more than $700,000.
The remaining 41 start-ups will compete in four categories including information technology, cybersecurity, life sciences, and general industry.
“This is great news for the businesses that are advancing in this competition, and for everyone associated with the MCE,” said Howard County Executive Ken Ulman. “We pride ourselves on the supportive ecosystem that we’ve built at the MCE, and that means that the success of any one company is shared by everyone.”
The MCE firms are ClickMedix, Light Point Security, Vasoptic Medical, Cut2it Inc., and Milestone Pod. Vasoptic Medical is a resident company at the MCE. The other semifinalists are affiliate businesses.
“We work every day to drive innovation here at the MCE and when you see these business owners achieving their goals it’s an incredible accomplishment,” said Julie Lenzer Kirk, Executive Director of the Maryland Center for Entrepreneurship. “It’s also great to have leadership at the state level that understands the importance of incenting and supporting entrepreneurship.”
Awards for the early-stage business competition are provided by the Maryland Department of Business and Economic Development’s Maryland Venture Fund, the BioMaryland Center and other sponsor who seek to grow entrepreneurship and innovation in the State.
Ultimately, four companies will each receive $100,000 grand prizes. All applicants have opportunities for promotion, networking and feedback from industry experts.
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.