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The Maryland Venture Fund (MVF) has invested $600,000 in Rockville-based Motionsoft, a leading provider of management software to gyms and fitness clubs. The investment comes as part of a $10 million Series B investment round led by Route 66 Ventures and included Edison Ventures as a co-investor. The State of Maryland’s

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The second annual InvestMaryland Challenge is in full swing. If your business is in need of a jump start, check out this site for more information about the national business competition. The Challenge offers applicants free admission to networking events, social media promotion, scoring and feedback from judges, exposure to venture capital firms and angel investors

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Whether you prefer them sunny side up or whipped into an elaborate souffle—eggs play a major role in Maryland’s agriculture economy. As May is National Egg Month, the Maryland Department of Agriculture is celebrating the Maryland farms that produce nearly 71 million dozen eggs a year. According to the department, Maryland’s combined

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Soaring above the Baltimore skyline, four new 400-foot cranes stand ready to move containers from some of the world’s largest ships. A widened Panama Canal, expected to be completed by 2015, will allow super post-Panamax ships to travel through Central America. The recent crane installation at the Port of Baltimore’s Seagirt

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CybersecurityDBEDFinance & ServicesIndustry NewsInnovation & TechInnovation & TechInvestMarylandMaryland EconomyPrograms

Governor Martin O’Malley on Thursday signed legislation intended to foster Maryland’s cybersecurity industry through a new Cybersecurity Investment Incentive Tax Credit. The governor also signed legislation that modifies the state’s InvestMaryland program to make it easier to negotiate with venture capital firms. The bills represent major priorities of the Maryland Department of Business

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Governor Martin O’Malley announced that Media Rights Capital started filming the second season of the Netflix series House of Cards in Maryland. “We are pleased that House of Cards, a critically-acclaimed and ground-breaking series has returned to Maryland,” said Governor O’Malley. “Season One had an economic impact of more than $140 million and

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Bio/Life SciencesDBEDHealth & Life SciencesIndustry NewsInnovation & TechInnovation & TechPrograms

Moscow, Russia and Baltimore, Maryland are separated by language, culture and nearly 6,000 miles, yet similarities emerge within each city’s concentration on the life sciences industry. Thanks to a recently signed memorandum of understanding between Russia’s Pushchino BioTech Cluster and the BioMaryland Center, common ground between life sciences companies in Maryland

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Finance & ServicesIndustry NewsInnovation & TechInvestMarylandJob CreationMaryland EconomyProgramsWorkforce

Staq, an InvestMaryland Challenge finalist and incubator-grown startup, recently raised $1 million in seed funding from The Hive, a California-based investment firm, the Baltimore Business Journal reported. Staq was founded in 2012 and developed at the Betamore incubator by CEO and co-founder James Curran. In a recent question and answer with MDBIZ News, Curran compared his

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Bio/Life SciencesDBEDFinance & ServicesHealth & Life SciencesIndustry NewsInnovation & TechInnovation & TechInvestMarylandMaryland EconomyProfilesPrograms

The Maryland Venture Fund is adding a new team member to assist in sourcing and evaluating equity investments in Maryland life sciences companies. Alastair Mackay, a cell biologist by training, has been named the Senior Life Sciences Principal, the Maryland Department of Business and Economic Development announced Thursday. “Working at Johns Hopkins and then

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Resting on pillars during the culmination of the InvestMaryland Challenge were three ivory-colored grand prize awards, swirling upward like the leaves of a springtime perennial and topped with the symbols of each winning company’s industry. While the awards went to a trio of Maryland’s most innovative early-stage businesses, the awards’ creators, Jessica

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