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Maryland Venture Fund

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And the grand prize winners are… Congratulations to all the winners in the third InvestMaryland Challenge. All four will receive a $100,000 top prize from the Department of Business and Economic Development. Check out the rest of the prize winners in the list below, and an explanation of all the

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The third InvestMaryland Challenge closes tomorrow when the winners of all $700,000 in prizes are announced by the Department of Business and Economic Development (DBED). They will include four grand prize winners of $100,000 each, and two dozen other companies that will take home smaller awards from DBED partners. The Challenge attracted 214 companies from eight states, Washington D.C.

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Maryland Venture Fund

The Maryland Venture Fund (MVF) has invested $500,000 in Blue Pillar, an energy management solutions firm that moved its headquarters to Frederick from Indianapolis as part of the deal, DBED announced today. The company’s three software platforms help large organizations and complex facilities improve energy efficiency and reliability. The investment by

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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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Maryland Venture Fund

Sitting down and having a conversation with a person, face to face, it tends to be fairly obvious if a person is feeling satisfied or frustrated, and whether a statement has real significance or is simply a passing observation. But when communication is reduced to a quick online exchange in

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Maryland Venture Fund

  Salsa Labs, a marketing software provider for nonprofit organizations and social and political campaigns, has received the largest-ever investment from the State-run Maryland Venture Fund. The Maryland Department of Business and Economic Development (DBED) announced the $1 million investment on Thursday. Edison Ventures, an information technology investor, led the $5 million round. Company officials have

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Maryland Venture Fund

The Maryland Venture Fund has invested $100,000 in Bethesda-based BioDatomics, the Maryland Department of Business and Economic Development announced Tuesday. BioDatomics is revolutionizing genomic research through bioinformatics analysis software and services. The company’s flagship product BioDT reduces turnaround times for analysis of genomic data from days or weeks to mere hours. “The Maryland Venture Fund is a regionally recognized investment leader able to

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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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Optoro—a Lanham-based startup specializing in reselling items that have been returned to major retailers—is flexing its fundraising muscles. Technically Baltimore reports that the 5-year-old company has raised $23.5 million in equity, based on its latest U.S. Securities and Exchange Commission filings. The company’s innovative approach to asset recovery has attracted multiple investors. In

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News Release: Governor Martin O’Malley and Peter Greenleaf, chairman of the Maryland Venture Fund Authority (MVFA), announced that New Atlantic Ventures and Kinetic Ventures have been selected to receive funds through the State’s $84 million InvestMaryland program. New Atlantic will receive $8 million and Kinetic will receive $5 million to

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