Mtech News, Opportunities and Events
May 16, 2011
||PolyVec Systems: winner, $25K Lockheed Martin Grand Prize in the high technology / biotechnology category; winner, $10K, Warren Citrin Social Impact Award; winner, $10K, Maryland Biotechnology Center Best Biotechnology Company prize
||Advanced Suture Device for Scarless Wound Healing: winner, $10K, undergraduate category
||Trade Assurance International: winner, $5K, second place, undergraduate category
||HemeCentric: winner, $15K, Warren Citrin Social Impact Award
The Maryland Technology Enterprise Institute (Mtech) this week announced the winners of the 2011 University of Maryland $75K Business Plan Competition.
Winning student and faculty teams were selected from 71 initial entries and eight finalists, who gave investor presentations on May 6 to teams of expert judges as well as a public audience of hundreds of students, faculty, alumni, and others from the regional startup venture community at the University of Maryland.
PolyVec Systems, led by bioengineering doctoral student Irene Bacalocostantis and Peter Kofinas, Keystone Professor and associate chair of the Fischell Department of Bioengineering, won $45,000 across three categories. PolyVec is developing a synthetic polymer carrier that delivers therapeutic genes to breast and other cancer cells.
PolyVec won $25,000 and the Lockheed Martin Grand Prize in the high technology/biotechnology category, the $10,000 Maryland Biotechnology Center Best Biotechnology Company prize, and a $10,000 Warren Citrin Social Impact Award.
Advanced Suture Device for Scarless Wound Healing won first place and $10,000 in the undergraduate category. The company, whose team is comprised of mechanical engineering undergraduate student Jin Xiao, economics major Sharon Liu and Yang Tao, biological resources engineering professor and director of the Bio-imaging and Machine Vision Laboratory, is developing a novel wound closure device that does not leave scars.
Trade Assurance International won second place and $5,000 in the undergraduate division. The company, led by finance major and Hinman CEO Program student Daniel Sperling-Horowitz, civil engineering major and Hinman CEOs Program student Sam Winter and David Wortman, is developing a high-definition video platform to mitigate trade risk for the international B2B trade and procurement industry.
HemeCentric, a company developing anti-parasite drugs and iron supplements based upon groundbreaking discoveries in heme biology and iron regulation, won the $15,000 Warren Citrin Social Impact Award. HemeCentric's team includes animal and avian sciences professor Iqbal Hamza, Gregory J. Feulner and Steven L. Hubert.
Sponsors of the competition included: Lockheed Martin, Warren Citrin, Fish & Richardson P.C., Nixon Peabody LLP, and the Maryland Biotechnology Center.
Press release | BPC video | Photos
MIPS' Martha Connolly Named to The Daily Record’s 2011 list of Maryland’s Top 100 Women
Martha Connolly, director of Mtech's Maryland Industrial Partnerships (MIPS) program, has been named to The Daily Record’s 2011 list of Maryland’s Top 100 Women.
Connolly received the award on May 9 at a ceremony at the Myerhoff Symphony Hall in Baltimore.
Connolly has served as a leader in the Maryland for 25 years. She was the first biotechnology advocate hired at the state level when she joined the Maryland Department of Business and Economic Development in 1997 to foster the bioscience industry in Maryland.
As head of the MIPS program for almost eight years, Connolly has supported the development of products for successful companies such as MedImmune, WellDoc, CSA Medical, PharmAthene, GenVec, Innovative Biosensors, 20/20 Gene Systems, Alba Therapeutics, A&G Pharmaceuticals and Gliknik.
Connolly was the first woman to graduate from The Johns Hopkins University's biomedical engineering doctoral program. She was also among the first class of co-eds at the Stevens Institute of Technology.
- Free Legal Services on Intellectual Property and Related Matters for Entrepreneurs and Emerging Tech Companies
- Chesapeake Bay Seed Capital Fund: Financing Available for Qualifying Green Companies
- Pollution Prevention Technical Assistance for Maryland Businesses
- Lean and Clean Assessments
Upcoming Mtech Events
- June 6-10: Biopharmaceutical Production Workshops
- June 14: Free, Open Entrepreneur Office Hours for University of Maryland Students, Faculty and Staff, and Regional Entrepreneurs with Tech-Based Startups or Ideas
Partner and Other Opportunities and Events
- National Association of Seed and Venture Funds (NASVF) Webinar Series: What Entrepreneurs Need to Do to Access Seed Capital
- May 19: Healing the Interface Between Doctors and IT
- May 19: Technology and Investor Forum
- May 19: Privacy From the Other Side: Implications for the Online User Experience
- June 2: TECHSTORM: Matching University Technology, Entrepreneurs and Funding
- June 2: Ignite DC
- June 7: DC Tech Meetup
- June 10: TEDCO Funding Briefing
- June 16: Tech Cocktail Startup Mixology Conference
- June 16: Disruptathon
Free Legal Services on Intellectual Property and Related Matters for Entrepreneurs and Emerging Tech Companies
The Maryland Intellectual Property Legal Resource Center (MIPLRC), which offers free legal services on intellectual property and related matters to entrepreneurs and emerging technology companies and explores relevant legal, ethical and policy issues in the high technology and intellectual property areas, is now at the university and Mtech. MIPLRC's legal services are available at no charge to university faculty and students, as well as to regional entrepreneurs and startup companies. The MIPLRC is part of the University of Maryland School of Law. For more information, visit www.mtech.umd.edu/miplrc/.
Chesapeake Bay Seed Capital Fund: Financing Available for Qualifying Green Companies
If your company or technology could improve air or water quality around the Chesapeake Bay area, consider applying for investment from the Chesapeake Bay Seed Capital Fund. Supported by the Maryland Department of Natural Resources and administered by Mtech, the fund will invest $250,000 annually over a three-year period into Maryland-based startup companies with innovative technologies that may help improve air and water quality in the Chesapeake Bay area. Fund recipients are jointly selected by Mtech and the Maryland Department of Natural Resources. More»
Pollution Prevention Technical Assistance for Maryland Businesses
The Maryland Department of the Environment offers free, on-site technical assistance through Mtech's Manufacturing Assistance Program. These visits show you how to:
- Make more efficient use of the energy and raw materials you use
- Reduce waste disposal and handling costs
- Reduce regulatory compliance and liability costs, and Decrease worker exposure
These pollution prevention opportunity assessments are not inspections! They are confidential, completely voluntary and non-regulatory. The purpose is not to evaluate your facility’s compliance with environmental regulations, but rather to assess voluntary measures that can be taken to make the most efficient use of materials and energy, which will protect the environment, your workers and save you money!
Lean and Clean Assessments
Mtech's Manufacturing Assistance Program is partnering with the MD Department of the Environment (MDE) to provide Lean and Clean Assessments for at least two Maryland manufacturers. The objective of the Lean and Clean Assessment Process is to identify opportunities for improvements that reduce waste, increase productivity and profitability, increase customer satisfaction, and reduce impacts on the environment. The Manufacturing Assistance Program will work with a company team to document, analyze, redesign, and plan specific activities to eliminate wasted energy, materials, and non-value adding activities throughout a selected product/process line. The value stream mapping process will be used to guide the brainstorming and analysis session. For more information about this program, contact Paul Gietka at (410) 706-3445.
Upcoming Mtech Events
June 6-10: Biopharmaceutical Production Workshops
Are you interested in advancing your career in biopharmaceutical processing? Learn how to produce and purify biopharmaceutical products at the University of Maryland from June 6-10, 2011.
Offered through the university's Maryland Technology Enterprise Institute (Mtech) Biotechnology Research and Education Program, this hands-on, one-week training features two distinct sessions, a Fermentation and Microbiology Workshop from June 6-7, and a Downstream Processing & Protein Purification Workshop from June 8-10.
The training sessions include:
June 6-7, 2011: Fermentation Microbiology Workshop
This session features hands-on instruction with various fermentation systems and acquaints attendees with the techniques, methodologies, principles and applications of aerobic bacterial and fungal fermentation. The workshop provides an opportunity for participants not only to learn the principles of bacterial and fungal fermentation scale-up at the bench, but also covers recent advances and up-to-date applications of this methodology.
June 8-10, 2011: Downstream Processing & Protein Purification Workshop
This workshop features hands-on laboratory exercises and classroom instruction on recovery and purification strategies for biotechnology products, especially proteins. Participants will integrate theory with practice in areas such as cell separation, cell disruption, chromatography theory and systems, sample preparation, columns and packing, adsorptive chromatography, and elution optimization.
Early bird pricing ($100 off any selection) is available until May 1. Register for both sessions and you will receive a 15% discount.
Don't miss this opportunity for hands-on instruction in producing biopharmaceuticals from the state's leading experts!
Visit http://www.mtech.umd.edu/biotech/workforce_training.html for more information and to register.
June 14, 10 a.m.-noon: Free, Open Entrepreneur Office Hours for University of Maryland Students, Faculty and Staff, and Regional Entrepreneurs with Tech-Based Startups or Ideas
Location: Room 1103, Technology Advancement Program building
Mtech is hosting free office hours to help aspiring and current entrepreneurs with tech-based startups or ideas get advice on how to:
- build and finance a startup company
- develop and protect intellectual property
- navigate the technology transfer process
- refine your business strategy for rapid growth
- tap into other entrepreneurial resources
Representatives from the following organizations and groups are typically on hand to speak with you one-on-one regarding any questions you might have about starting a company:
Read more and register at: www.eoh.umd.edu
Partner and Other Opportunities and Events
National Association of Seed and Venture Funds (NASVF) Webinar Series: What Entrepreneurs Need to Do to Access Seed Capital
Cost: $297 for all five webinars
The online Seed Funding and Venture Capital Course Certificate Program is an insider view to the early stage and seed funding process offered by the National Association of Seed and Venture Funds (NASVF) and National Council of Entrepreneurial Tech Transfer (NCET2). You’ll learn from NASVF members how angels and VC's identify investable startups, what needs to be in the business plan, how to build effective leadership teams, how to do a deal and what terms to avoid, and what to do after you get funded. This course is for researchers, entrepreneurs, service providers, tech transfer people who are involved in raising funding for startup businesses.
May 19, 6:30-9 p.m.: Healing the Interface Between Doctors and IT
Location: 9601 Medical Center Dr, Johns Hopkins University Montgomery County Campus, Rockville, MD 20850
It's finally here! The long-awaited tipping point for Electronic Medical Records and Health Information Technology has arrived in the form of $19.2 billion in stimulus funds--the Health Information Technology for Economic and Clinical Health Act. Healthcare providers are under the gun to demonstrate meaningful use, collect incentive payments, and make the change before the carrots turn into sticks. Come hear how it looks for two companies on the front lines as they craft solutions that work on the front end for doctors and connect on the back end to the many stakeholders of our healthcare system. Some doctors can't wait to join the 21st century, others fight back and threaten to retire. If you have a body or are looking to make a difference in a complex, entrenched market, you need to be at this event!
May 19, 8 a.m.-4 p.m.: Technology and Investor Forum
Location: Marymount University Conference Center, Ballston Campus, 1000 North Glebe Road, Arlington, VA 22201
The Federal Laboratory Consortium and the Washington Metro Region bring together financial professionals, as well as researchers from federal labs/agencies, academia, economic development organizations, and private-sector firms in the Washington metro region (Maryland, D.C., and Virginia), who will highlight effective business strategies in technology development, as well as technology development/transfer lessons learned, challenges, and opportunities in this economically active region. Panels will include technology and financial challenges and opportunities in the fields of biomedical/life sciences; electronics/IT/cybersecurity; advanced material sciences; and energy.
May 19, 12:15-1:45 p.m.: Privacy From the Other Side: Implications for the Online User Experience
Location: The Daily Caller, 1050 17th Street NW, # 900 Washington, D.C., 20036
Online Behavioral Advertising (OBA) and online tracking have been pitched as an “enhancement” to the user experience. While they present significant privacy concerns for those who do not wish to be tracked, eliminating tracking will significantly affect the user experience – as it relates to media consumption and the presentation of relevant content and advertising. Our experts will share their thoughts on this issue and offer demos to illustrate their points.
June 2: TECHSTORM: Matching University Technology, Entrepreneurs and Funding
Location: The Mason Inn Conference Center & Hotel, 4352 Mason Pond Drive, Fairfax, Virginia 22030
TECHSTORM is headed to the DC area June 2nd !
TECHSTORM Event is the first national event focused exclusively on matching university and federal lab technologies with corporations and entrepreneurs. At the inaugural event on June 2, 2011 in Fairfax, VA, attendees will gain access to technologies from more than 25 universities and federal labs. The event will include 100+ hot technologies, $250,000 in seed funding and hundreds of entrepreneurs and corporations. This is a must attend event for anyone involved in technology, licensing or new ventures!
As a supporting organization of TECHSTORM we would like to offer $100 off of the regular registration price for our friends and clients. Enter “Mtech” at http://www.techstormevent.com/register.html when asked for a discount code.
Read more about TECHSTORM at www.techstormevent.com and see the press coverage in the Washington Post and other national media.
June 2, 6-10 p.m.: Ignite DC
Location: Town Danceboutique, 2009 8th St. NW, Washington, D.C. 20001
If you had five minutes on stage, what would you say to Washington, DC? What if you only had 20 slides and they rotated automatically every 15 seconds? On Thursday, June 2 at 6 p.m., 16 artists, technologists, entrepreneurs, and philosophers will answer this challenge at Ignite DC #7. There will also be plenty of time to get to know other professionals, enjoy some fine libations or a bite, and really just enjoy the creative, world-changing ideas that are percolating in the nation's capital. We've sold out every event, and the last few times well-before the event. Please purchase your tickets in advance--they will NOT be sold at the door.
June 7, 7 p.m.: DC Tech Meetup
Location: Mt. Vernon Place United Methodist, 900 Massachusetts Avenue Northwest, Washington, D.C.
The DC Tech Meetup convenes technologists, entrepreneurs, investors and the broader innovation community regularly to learn and share. Each month, 800+ innovators gather to see demos, launch products and meet their future co-founders, partners and funders.
June 10, 2-3:30 p.m.: TEDCO Funding Briefing
Location: 5565 Sterrett Place, Suite 214, Columbia, MD 21044
TEDCO Funding briefings provide detailed information about TEDCO's primary funding programs for seed stage companies, including:
- Maryland Technology Transfer Fund (MTTF)
- Johnson and Johnson Joint Investment Program
- University Technology Development Fund (UTDF)
- Working Capital Loan Fund (WCLF)
- Maryland Stem Cell Research Fund (MSCRF)
- Rural Business Initiative (RBI)
- Federal Technology Insertion Initiatives
Attendees will learn about eligibility requirements, proposal submission guidelines, review processes, award conditions, reporting requirements and payback (MTTF, UTDF, and WCLF only). These briefings should be of interest to economic development professionals, angel investors, entrepreneurs, small technology-based businesses, small defense contractors and university faculty inventors. Briefings are free, however registration is required.
June 16, 6:30-9 p.m.: Tech Cocktail Startup Mixology Conference
Location: Woolly Mammoth Theater, Washington, D.C.
The Startup Mixology Conference will break down every ingredient that goes into starting and running a successful business. Entrepreneurs will share their insights on creativity, design, branding, legal, funding, bootstrapping, PR, marketing and social media, building a development team and more.
June 16: Disruptathon
Location: Gannett HQ, 7950 Jones Branch Drive, Mclean, VA 22102
Eight companies selected from an awesome field of applicants will have the opportunity to demonstrate how they are disrupting the media space. We define the media space as any product or service that impacts the way people create, consume or interact with textual, audio or visual data.
Apply to present here!
Thanks to Our Sponsors!
Sponsors of Mtech's programs include: Fish & Richardson P.C., the Maryland Biotechnology Center, Lockheed Martin, Nixon Peabody LLP, SAIC, and Warren Citrin. Mtech's partner organizations are FounderCorps and Social Matchbox.
E-newsletter archives are available at: http://www.mtech.umd.edu/news/enewsletters.html
Maryland Technology Enterprise Institute (Mtech)
A. James Clark School of Engineering
University of Maryland, College Park, MD 20742