Out of 260 applicants, 41 start-ups have advanced in the second annual InvestMaryland Challenge, the Maryland Department of Business and Economic Development (DBED) announced today.
The early-stage business competition—with awards provided by DBED’s Maryland Venture Fund, the BioMaryland Center and other sponsors—seeks to grow entrepreneurship and innovation in the State.
Ultimately, four companies will each receive $100,000 grand prizes in four categories, including information technology, cybersecurity, life sciences and general industry. All applicants have opportunities for promotion, networking and feedback from industry experts. Total available grants and prizes, including the four $100,000 awards, are valued at more than $700,000.
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