InvestMaryland Challenge: 259 businesses apply to inaugural biz competition [VIDEO] - Technical.ly Baltimore

Dec. 17, 2012 10:00 am

InvestMaryland Challenge: 259 businesses apply to inaugural biz competition [VIDEO]

The InvestMaryland Challenge, the state's inaugural business plan competition doling out three, $100,000 prizes of investment funding, drew 259 entries of in-state and national businesses

The InvestMaryland Challenge, the state’s inaugural business plan competition doling out three, $100,000 prizes of investment funding, drew 259 entries of in-state and national businesses, according to MDBizNews.

From the MDBizNews report:

The challengers hail from at least 10 states, including Maryland and Washington D.C. (The Department of Business and Economic Development is still sifting through the list. The deadline was midnight [Dec. 13].) More than 60 judges, most of them professional investors and entrepreneurs themselves, will gradually winnow the list down through early 2013 and the winners will be announced in April. [more]

Money for the three prizes comes from the state’s InvestMaryland venture fund, a pool of $84 million raised in the spring that will be invested to early-, mid- and late-stage companies, mainly within Maryland state. As Technically Baltimore has reported, the money will be divvied up among businesses by venture capital firms and the Maryland Venture Fund.

Watch Governor Martin O’Malley speak about InvestMaryland during a Pitch Across Maryland tour stop at UMBC September 20:

Advertisement

[youtube http://www.youtube.com/watch?v=gvAHAFWq3bs&w=550&h=413]

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Maryland VC totals ‘rebound’ with $226M raised in Q2

AT&T invested $450M in Maryland network upgrades over 3 years

Baltimore’s ABS Capital Partners leads $23M Series A for Florida cybersecurity company

SPONSORED

Baltimore

How law firm Nemphos Braue is guiding startups along the new business learning curve

Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now
Baltimore, MD

SmartLogic

Account Executive (Baltimore)

Apply Now
Baltimore

SchoolDuels

Vice President of Business Development

Apply Now

Where Baltimore factored into that ’60 Minutes’ feature on Rise of the Rest

JMI Equity closes $1.2B fund focused on investing in software companies

Baltimore will play host to pitches as part of an international high school innovation chalenge

SPONSORED

Baltimore

Building a data acquisition system? Don’t make this mistake

Baltimore

emocha Mobile Health

Software Engineer

Apply Now
Baltimore

RackTop Systems

API Guru

Apply Now
Baltimore

Osmosis

Front End Developer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!