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GBTC
NEWS Entrepreneur
Magazine: List of Funding for Early Stage Companies Ranks MD TEDCO
as Number 1 for Deals in 2007 Maryland
Ranked #2 by Milken Institute's 2008 State Technology and Science
Index FRANS JOHANSSON, AUTHOR OF THE BESTSELLING BOOK - THE MEDICI EFFECT, WILL BE THE FEATURED SPEAKER AT TECHNITE, OCTOBER 2, 2008 BALTIMORE,
MD (8/01/08) - The GBTC is pleased to announce that Frans Johansson,
best selling author of The Medici Effect, will be the featured speaker
at TechNite 2008. TechNite is the Greater Baltimore Region's premiere
night out to celebrate the business and technology community. With
nearly 1,000 attendees, from tech executives and entrepreneurs,
Fortune 500 businesses, university and government officials, everyone
will be out to support and celebrate the success of the region.
ENTREPRENEUR MAGAZINE: List of Funding for Early Stage Companies Ranks MD TEDCO as Number 1 for Deals in 2007 COLUMBIA, Md. (August 5, 2008) – The Maryland Technology Development Corporation (TEDCO) today announced that it has been recognized by Entrepreneur magazine as the most active early-stage investor in the nation in 2007. For the fifth consecutive year, TEDCO ranked first on the “VC 100” list, making the list for providing the highest number of seed/early-stage deals – 19 – in 2007. “Maryland is a prime location for emerging businesses and start-up companies,” said Governor Martin O’Malley. “TEDCO plays an essential role in identifying and supporting Maryland startup companies that are at the forefront of technological advancements. The investment funding they provide is critical to the development of these entrepreneurs. I applaud TEDCO on this prestigious recognition.” This is the fifth consecutive year that TEDCO has been recognized as the country’s most active investor in seed or early-stage companies. The Entrepreneur survey is part of the magazine’s report derived from the “MoneyTree Report” conducted by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. “We are thrilled to be recognized for the fifth consecutive year by Entrepreneur magazine,” said Renee M. Winsky, TEDCO’s president and executive director. “Since our inception 10 years ago, TEDCO has assisted Maryland companies in developing cutting-edge technologies. Today, TEDCO serves as a national success story and model for early-stage funding and commercialization assistance.” “TEDCO has worked diligently and skillfully to support small business and start-up technology companies in our state,” said Jennie Hunter-Cevera, Ph.D., chair of the TEDCO board of directors and president of the University of Maryland Biotechnology Institute. “Being named by Entrepreneur magazine as the most active early-stage investor in the nation for the fifth year in a row is a true testament to the contributions TEDCO has made not only in the Maryland technology marketplace, but the national marketplace as well.” TEDCO’s funding enables start-up companies to conduct early-stage research and development in collaboration with federal labs or university researchers, allowing these companies to take key steps towards commercializing their technologies and strengthening their businesses. To date, 108 companies have received funding from TEDCO’s Maryland Technology Transfer Fund (MTTF) and completed their projects. With a TEDCO investment of $6,278,344, these companies have gone on to receive downstream funding from angel and venture investors, federal awards and other resources exceeding $199.5 million. This is a leverage of the state’s investment through TEDCO of more than $31.79 to $1. Other funding programs offered by TEDCO include: •
Base Realignment and Closure (BRAC) Technology Transfer Initiative
TEDCO also plays a significant role in Governor O’Malley’s Bio 2020 initiative, unveiled in June, which commits $1.1 billion to the development of the life sciences industry in Maryland. TEDCO is involved in four of the ten elements that comprise the Bio 2020 initiative (Maryland Biotechnology Center, growing the Technology Incubator Network, growing the Stem Cell Research Fund and increasing Technology Transfer efforts). TEDCO’s efforts are bolstered by enhanced investment in initiatives such as stem cell research, which has received $42 million in State funding over the last two years. Maryland Ranked #2 by Milken Institutes 2008 State Technology and Science Index Maryland is ranked #2 in the country... Milken Institute released their 2008 State Technology and Science Index and Maryland is ranked #2 in the country. The index measures states in the best position to achieve high-quality economic growth thanks to its vast array of technology and science assets - click here for the full press release. Maryland has moved up from fourth in this year's ranking, thanks to strong positions across the many indicators used by the Institute. In particular, the report cited that Maryland, which moved up from 4th place in the 2004 index, is closing in fast on Massachusetts. Maryland has shown an improvement in the ability to attract business into the state and new projects that link research institutions with industry to produce the most advanced products. Maryland ranks 1st in the nation for Human Capital Investment and, unlike Massachusetts, places consistently in the top ten in all five composite indices. Its substantial improvement since the 2004 index indicates that it will be a serious challenger in the future. Foreshadowing Maryland's rise, the 2004 index predicted the state's successful commercialization of its intangible assets, leveraged by its strengths in life sciences and communication technology. “States that have a vision and a plan for building and retaining high-wage jobs and viable industries are finding ways to invest in their science and technology assets,” said Ross DeVol, director of Regional Economics at the Milken Institute, and lead author of the study. “The changes in this year's Index give a good measure of who is ahead in the increasing competition for scarce human capital and other resources needed for a successful industry.” The states in the best position to succeed in the technology-led information age are (with 2004 rankings): 1)
Massachusetts (1) “With strong partnerships between the public and private sectors, and collaborative research with universities, federal and commercial partners, we have been able to create a strong technology industry in Maryland,” said Gov. Martin O'Malley. “The results of the Milken Institute study are further evidence that Maryland is highly and increasingly competitive in drawing, retaining, and growing technology-based businesses.” The future will belong to those regions that can develop a thriving technology industry in a wide variety of fast-growing fields including biotech, clean technology, nanotechnology, communications and next-generation computer applications. The Index takes an objective measure of just how prepared each state is to take advantage of these opportunities. The 2008 State Technology and Science Index looks at 77 unique indicators that are categorized into five major components: Research and Development Inputs, Risk Capital and Entrepreneurial Infrastructure, Human Capital Investment, Technology and Science Work Force, and Technology Concentration and Dynamism. It is one of the most comprehensive examinations of state technology and science assets ever compiled. Source: http://www.milkeninstitute.org/
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MEMBER NEWS Maryland Based Company, Convergence Technology Consulting, Ranks on Corridor Inc. "Greatest Places to Work in the Corridor 2008" List GLEN
BURNIE, MD (07/10/08) "As a computer services firm, we understand the importance our employees play in our success," said Larry Letow, President of Convergence Technology Consulting. "Winning this award is no different… our employees gifted us with this award and we thank them." Further, CEO of Convergence Technology Consulting, Phil Ernst, stated: "For many years, our tag line was 'people, process, and technology,' it was always appropriate to put the 'people' first. Winning this award hopefully shows that we put our people first." Convergence Technology Consulting is a technologically centric organization. From the inception of our engagements to solution delivery to documentation and training, our focus never changes from meeting our client's requirements and allowing their organization to remain as self-reliant as needed. "These awards continue to validate the way in which Convergence conducts business," stated Phil Ernst, CEO. "We are dedicated to teamwork with our clients, staff and vendors which has helped our growth and potential." Convergence Technology Consulting is one of the strongest systems integrators in the United States. Established in 2002, Convergence Technology Consulting is an award-winning leader with Microsoft, Citrix and VMware. About Convergence Technology Consulting Convergence Technology Consulting is one of the premier network engineering and integration firm primarily serving the east coast. Convergence expertise includes Network infrastructure, Server-based computing, Remote access, and Server and Storage virtualization are among our core competencies. Convergence maintains close relationships with Microsoft™, Citrix™, VMware™, Lefthand™ and NetApp™ to name a few. Convergence works with clients ranging in size from small and medium size businesses to Fortune 100 Enterprises in both the private and government sectors. Our engagements can range from designing and leading a major initiative, primary IT support, providing 24x7 emergency technical assistance, or provide quality assurance to evaluate and provide guidance upon an issue or project. Our staff of consulting engineers has security clearances to access most secured facilities. ~ ~ ~ ~ ~ IDP ANNOUNCES RELEASE OF NEW SERVICE Baltimore, MD (07-10-08) - IDP, LLC, (www.idpnow.net) a local Internet security consulting firm has announced the release of its latest vulnerability assessment and penetration testing offering. Comprised of commercial, open source and custom developed software modules, this comprehensive enterprise offering is ideally suited for every business who wants to ensure there are no external or internal vulnerabilities that could be exploited by malicious attackers. The unfortunate reality is that all networks are constantly being probed and scanned for “open doors”, poorly configured perimeter and internal hosts, weak passwords and authentication, software bugs and application design flaws. “Every day businesses who believe they are not attractive targets or who think they are secure are spending untold amounts of money remediating previously unidentified vulnerabilities”, says Jerry Tabeling, President of IDP. The investment to identify and correct problems before they are exploited is just a fraction of the monetary, good will and business losses an attacker can bring about. IDP is currently offering a no cost, no obligation consultation to assist businesses quantify their risk tolerance and develop an ROI for the company’s stakeholders. For more information email Jerry at jtabeling@idpnow.net or call 443-506-3813. ~ ~ ~ ~ ~ Amazon.com
Introduces Timonium,
MD (07/08/08) |
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