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Christian Johansson

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By Nick Sohr, Managing Editor, MDBIZNews Plasmonix and Bambeco have received the latest investments through InvestMaryland, the Department of Business and Economic Development announced Thursday. The state made equity investments of $100,000 in Plasmonix and $200,000 in Bambeco, which also received $400,000 through InvestMaryland last month. “Companies like Plasmonix and Bambeco

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InvestMaryland

By Nick Sohr, Managing Editor, MDBIZNews Grotech Ventures, a local venture capital firm, will invest $12 million on behalf of the state through the InvestMaryland program, the state announced Thursday. Grotech is the first venture partner for InvestMaryland. The Maryland Venture Fund Authority, which oversees InvestMaryland, tapped Grotech “because of

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InvestMaryland

By Nick Sohr, Managing Editor, MDBIZNews The Department of Business and Economic Development has invested $1.1 million in three more Maryland companies through the InvestMaryland program, DBED Secretary Christian Johansson announced Tuesday at TEDCO’s Maryland Entrepreneur Expo. “InvestMaryland plays a critical role in taking an idea from innovation to commercialization

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DBED

By Nick Sohr, Managing Editor, MDBIZNews The Maryland Department of Business and Economic Development was awarded more than $650,000 by the U.S. Small Business Administration to provide export assistance to Maryland companies, the department announced Wednesday. The $656,181 will fund ExportMD, a program that gives small and mid-sized businesses up

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By Nick Sohr, Managing Editor, MDBIZNews BrainScope, a Bethesda company developing technology to quickly diagnose traumatic brain injuries, was awarded the first $250,000 investment from the state’s InvestMaryland program, Gov. Martin O’Malley announced Monday. “We believe in the potential,” O’Malley said. “We believe in the need and we believe in

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DBED

By Nick Sohr, Managing Editor, MDBIZNews Maryland has opened a foreign trade office in Nigeria, the Department of Business and Economic Development announced Wednesday morning. The office is the state’s first in Africa. DBED runs a dozen other foreign trade offices around the globe. “Sub-Saharan Africa is the second fastest

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By Nick Sohr, Managing Editor, MDBIZNews Ringed by a panel of Maryland business leaders, Michael MacDonald laid out an ambitious plan for Medifast Inc. “Our goal as a company over the next five years is to grow to a billion dollars,” the chairman and CEO of the weight-loss company said

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Industry NewsManufacturing & Production

By Nick Sohr, Managing Editor, MDBIZNews Gov. Martin O’Malley tapped a panel of experts on Tuesday to advise him and other state leaders on ways to support and spur growth in Maryland manufacturing, a sector he called essential. The move revived the Maryland Advisory Commission on Manufacturing Competitiveness, which was

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Finance & ServicesMaryland Venture Fund

By Nick Sohr, Managing Editor, MDBIZNews Johns Hopkins University and Fraunhofer Heinrich Hertz Institute of Berlin inked a deal last month to jointly develop technology that could reduce the time and money required to perform a wide range of medical tests. The international collaboration between the major research institutions will

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Profiles

By Nick Sohr, Managing Editor, MDBIZNews John and Tom Knorr have been on the Eastern Shore of Maryland for 16 years. They started with one restaurant — The Red Roost — and added others over the years. Now, the centerpiece of their operation is in Maryland, too. Evolution Craft Brewery

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