Posts Tagged

InvestMaryland

DBED

Luminal, a rising star in Maryland’s cybersecurity community, has earned a follow-on investment of nearly $451,000 from the Maryland Venture Fund (MVF), the equity investment arm of the Maryland Department of Business and Economic Development (DBED). The investment, made with InvestMaryland funds, is part of a $10 million funding round led by New Enterprise Associates (NEA). Luminal specializes in

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Innovation & Tech

Did you know that the life sciences industry accounts for one-third of Maryland’s job growth over the last decade? Currently in the State, over 500 life sciences companies employ over 34,000 people at an average compensation of $91,000 per year. Additional Marylanders are employed by the State’s 59 federal labs and

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Industry News

  In their usual state, platelets don’t have a very long shelf life. These life-saving blood cells are crucial to helping a person stop bleeding, but medical professionals have struggled to store these blood cells for any longer than five days outside of the human body.  Cellphire, an early-stage biotechnology company based

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InvestMarylandUncategorized

BALTIMORE, MD (March 25, 2014) – The Maryland Department of Business and Economic Development (DBED) announced today that 12 startup companies have advanced to the final round of the InvestMaryland Challenge, the State’s national business competition. The finalists are competing for $100,000 top prizes in four categories — Information Technology,

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Innovation & TechInvestMarylandUncategorized

The Maryland Department of Business and Economic Development (DBED), through the Maryland Venture Fund (MVF), has invested $75,000 in CoFoundersLab, a Rockville startup that provides an online matchmaking service for entrepreneurs. The MVF investment was made with funds raised byInvestMaryland, one of Governor Martin O’Malley’s key economic development initiatives. A public-private partnership between the

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DBEDFinance & ServicesInnovation & TechInvestMaryland

InvestMaryland Challenge draws more than $600,000 in prizes As the deadline draws near for applications for the second annual InvestMaryland Challenge, the Maryland Department of Business and Economic Development (DBED) announced that the national business competition has already secured more than $600,000 in awards for its winners. Companies will compete

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DBEDEducationFinance & ServicesIndustry NewsInnovation & TechInnovation & TechInternationalInternationalInvestMarylandJob CreationLabor StatisticsMaryland EconomyMaryland LivingWorkforce

November 14, 2013 (Baltimore, MD) – Governor Martin O’Malley announced today that EnerTech Capital Partners and Foundation Medical Partners (FMP) have been selected to receive funds through the State’s $84 million InvestMaryland program. The venture capital firms will invest $10 and $7 million each in young, innovative Maryland companies. As

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Business PulseDBEDe-NewslettersFinance & ServicesIndustry NewsInnovation & TechInnovation & TechInvestMarylandJob CreationLabor StatisticsMaryland EconomyMaryland LivingWorkforce

BALTIMORE, MD (September 5, 2013) – Governor Martin O’Malley today via video kicked off the 2nd annual InvestMaryland Challenge, a national business competition that supports Maryland startups and strengthens a climate of innovation and entrepreneurship that has been ranked #1 in the country by the U.S. Chamber of Commerce for

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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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