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College Park Businesses Make Second Round of InvestMaryland Challenge

Competition offers grants and services to life science and high tech companies.

Four College Park companies have made it to the second round of the InvestMaryland Challenge, a competition in which start-up companies can win a portion of $300,000 in grants and/or business services.

Of the 250 companies that initially applied to the competition, 71 were selected to advance to the second round, with 20 in Montgomery and Prince George’s counties. The College Park companies that made the cut are VisiSonics Corporation, IGI Technologies, Remedium Technologies, and Maryland Energy and Sensor Technologies.

In the second round, the entrants’ business plans will be reviewed and judged with semi-finalists announced Feb. 19, and the Governor’s Cup Award Ceremony on April 15.

Prizes include such things as mentorship programs, strategic consulting services, product development services, incubator space, accelerator programs and small business innovation research grant assistance.

Twenty local businesses made the second round:

IT Hardware & Software Category                                  

ClickMedix, LLC, Rockville

VisiSonics Corporation, College Park

Employee Navigator, Gaithersburg

Management CV, Bethesda

Subject 7, Potomac

Visual Telehealth, Bethesda

 

Life Science Category

Audiodonics, Bethesda

Biomedical Enterprises Inc., Bethesda

ConverGene, Gaithersburg

NanoRods, Rockville

IGI Technologies, College Park

Remedium Technologies, College Park

SynAm Vaccine, Rockville

 

General Category

Athena Energy, Bowie

CoFounders Lab, Rockville

Maryland Energy and Sensor Technologies, College Park

Mercaris, Silver Spring

Mobilaps, Silver Spring

Sustainable Systems International, Gaithersburg

Triea Systems, Bethesda

To be eligible to enter the competition, companies must have fewer than 25 employees, annual revenues of less than $1 million, be a duly organized legal entity, be in good standing in the state they are registered in and have a principal place of business in Maryland. Prize winners are required to spend at least 51 percent of their grant money in the state.

Some of the sponsors’ special awards include money and business services from: Microsoft, Noble Life Sciences, Towson University, the Eastern Shore Entrepreneurship Center, BioHealth Innovation, Bethesda Green and more.

Learn more about the competition on the InvestMaryland Challenge website.

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