Howard County Startups Make it to Next Round in Competition
February 13, 2013
COLUMBIA, MD – Three Howard County startups were among the top 71 applicants out of 250 to advance to the second level in the state’s InvestMaryland Challenge, a $300,000 business competition, designed to fuel entrepreneurship by connecting seed and early-stage businesses with mentors, venture capitalists, potential investors and business resources.
The Howard County startups include AirPatrol Corporation, Vasoptic Medical and Cut2it, all of Columbia; Vasoptic Medical and Cut2it are residents of the Howard County Economic Development Authority’s Maryland Center of Entrepreneurship.
“Howard County startups are doing amazing work and we are thrilled when their work and potential are recognized,” said Laura Neuman, CEO, HCEDA. “We wish them the best of luck in the next round of the competition.”
The InvestMaryland Challenge is open to legally organized businesses with fewer than 25 employees and annual revenues of less than $1 million. The competition will offer three top prizes of $100,000 each to the most promising submissions in three categories: Information Technology (hardware or software); Life Sciences; and a general/open third category.
The next round of scoring was for the 71 applicants to submit a business plan due February 1. Finalists will be invited to present their ideas in face-to-face interviews with industry-specific judging panels later this month. This will be followed by announcement of the winners in March by Governor Martin O’Malley.
For more information about InvestMaryland or for a complete listing of all winners, visit InvestMarylandChallenge.org.