Mtech News, Opportunities and Events
Special Winners' Edition
Winners: 2012 University of Maryland $75K Business Plan Competition
Graduate Student, Faculty and Researchers Category
zeroK Nanotech, a team developing ion source technologies that enable the precise machining, analysis, and imaging of materials on nanometer-length scales, took first place and $10,000. Pictured, from left to right: Clark School Dean Darryll Pines; Adam V. Steele, post-doctoral researcher, Maryland NanoCenter; Brenton Knuffman, post-doctoral researcher, Maryland NanoCenter; and Smith School Dean G. “Anand” Anandalingam.
RedOx, a team developing power generation technologies for a variety of applications, took second place and $7,500. Pictured, from left to right: Clark School Dean Darryll Pines, RedOx's Bryan Blackburn, and Smith School Dean G. “Anand” Anandalingam.
Diagnostic anSERS, a team developing a system for detecting contaminants such as pesticides, explosives, and toxins in food products, ground water and other liquids, took third place and $2,500. Pictured, from left to right: Clark School Dean Darryll Pines; Sean Virgile, Ph.D. student, Fischell Department of Bioengineering; Eric Hoppmann, Ph.D. student, Fischell Department of Bioengineering; and Smith School Dean G. “Anand” Anandalingam.
Recent Alumni Category
Discrete Secrete Solutions, a team developing an effective, hands-free, concealable, and quiet breast pump that allows women to discreetly pump in the presence of others, tied for first place and $5,000. Pictured, from left to right: Clark School Dean Darryll Pines; Kathleen McDowell; Susan Thompson, alumna, mechanical engineering (2006); Angela Jillson; Andrew Thompson, alumnus, mechanical engineering (2006); and Smith School Dean G. “Anand” Anandalingam.
Sonify Biosciences, a team developing a novel melanoma treatment based on non-chemical, non-ablative ultrasound technology, tied for first place and $5,000. Pictured, from left to right: Clark School Dean Darryll Pines, Miriam S. Boer, alumna, biochemistry (2011), and Smith School Dean G. “Anand” Anandalingam.
Archon Medical Technologies LLC, a team developing suturing devices for gastrointestinal surgery that improve surgeon performance and patient outcomes, won first place and $15,000. Team members include Bryan Huang, business information systems, Hien Nguyen, Sohail Zahid, Daniel Peng, Stephen Van Kooten, Leslie Myint, Ang Andy Tu, Anvesh Annadanam, Luis Herrera, Haley Huang, and Adam Clark.
Warren Citrin Social Impact Award
Maryland Biotechnology Center Award
Peoples' Choice Award
Speed Pitch Award
Winners: $100K ACC Clean Energy Challenge
Mesdi Systems Inc., a company founded by a team of six students from the University of Central Florida (UCF) developing precision electrospray modules to accelerate and improve the production of lithium-ion battery components, won the first annual ACC Clean Energy Challenge and the Department of Energy’s $100,000 grand prize. Pictured, above: Medsi team members Johan Rodriguez and Brandon Lojewski. Mesdi now moves on to represent the southeast region in the DOE National Clean Energy Business Plan Finals in Washington, D.C., on June 12-13, 2012.
Winning second place and $15,000 was University of Maryland team SafeLiCell, which is developing a noncombustible, flexible, polymer electrolyte material called Lithium Flex that would replace the highly flammable liquid electrolyte and bulky battery packaging found in most lithium-ion batteries. Pictured, above, from left to right: Fischell Department of Bioengineering (BioE) sophomore Mian Khalid, BioE professor Peter Kofinas, and chemical and biomolecular engineering graduate student Aaron Fisher.
TAP and MIPS Company TRX Systems Inc. Closes Investment from New Dominion and DBED
TRX Systems Inc., an award-winning developer of precise, infrastructure-free, indoor tracking products, announced investment from New Dominion Angels, the Maryland Department of Business and Economic Development, and several other investors. The company, which makes software and products that locate, map and track people when indoors and in areas where GPS is not reliable, raised more than $650,000. TRX will use the funding to make additional investments in product development and sales.
"TRX will use this new funding to scale our business," said Carol Politi, president and CEO of TRX Systems. "The market for indoor location is growing rapidly and this funding, complemented by our sales revenues, will allow us to increase investments in sales, marketing, and application-specific development."
TRX Systems raised the majority of the funding from two sources, including $475,000 from New Dominion Angels and $150,000 from the Maryland Department of Business and Economic Development's Maryland Venture Fund.
A graduate of Mtech's Technology Advancement Program incubator and former Maryland Industrial Partnerships funding recipient, TRX also recently announced that it was one of 18 companies to receive the Tibbetts Award, presented to companies in the SBA's Small Business Innovation Research Program (SBIR) that represent "beacons of promise and models of excellence in high technology." Criteria for selecting winners included: economic impact of the technological innovation; practicing diverse participation in technological innovation; and increasing the commercialization of federal research.
TRX Systems also recently won the Innovator Award, presented by the Chesapeake Regional Tech Council (CRTC) at its annual TechAwards 2012 event. The Innovator Award is given to a company, located in the Washington/Baltimore/Annapolis region, that best exemplifies the entrepreneurship and innovative style it takes to keep the technology industry cutting-edge and forward-moving.
TRX Systems delivers precise, infrastructure-free, indoor tracking of personnel in areas where GPS is not reliable or is unavailable. TRX Systems' indoor location system uses sensor fusion and mapping technology to deliver precision personnel location in indoor environments without pre-installed infrastructure. This technology delivers safety to first responders and navigational support for soldiers and urban training operations in locations that are GPS-denied.
Bobby Saini, co-founder of Gryphn Corporation, a mobile security company and creator of ArmorText, which enables secure text messaging, spoke recently to Mtech's Entrepreneurship and Innovation Program freshman class, EIP 144, Contemporary Issues in Entrepreneurship & Innovation.
Saini detailed a career path that includes a leadership role at RDB's South Asian music label Three Records and a government consulting company he started while attending George Mason University.
"I thought he was a real down-to-earth guy and not that much older than us so I could see me being in his shoes," said EIP student Allan Nicholas. "I liked how he went into the music business first. It was really interesting to see his journey and how he helped create a really cool product and put the power in the sender when sending messages."
Saini emphasized to students that they should broaden their view when considering career paths.
"Working for "the man" is great, but the vibe and creative freedom you have when working at a startup is amazing," said Saini. "I've also found that students in the D.C. region feel they have to go to the West Coast to work for a cool start-up. That is absolutely wrong! There are great companies being formed in D.C. everyday, and overall the tech vibe is awesome here. We are just miles away from the most powerful city in the world. They can knock on hundreds of doors of agencies and companies to help them solve problems in innovative ways. It's easy to get involved in the tech scene here in D.C. I got started by attending a few events in the area: Bootstrap Maryland, which is hosted at UMD's College Park Campus and was started by UMD Alumn[nus] Jared Goralnick, DC Entrepreneurship Week, where I re-connected with Navroop Mitter, co-founder and CEO of Gryphn, and MoDevDC, put on by Pete Erickson, where Navroop met our third co-founder, Aaron Huttner."
Upcoming Mtech Events
Partner Opportunities and Events
New Online Entrepreneurship Program this Summer for High School, Undergraduate, and Graduate Students
Develop your entrepreneurial skill set and knowledge to make a positive impact on your career goals.
High school, undergraduate and graduate programs are available. There are no academic pre-requisites necessary to enroll.
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
Upcoming Mtech Events
June 4-8, 2012: 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 4-8, 2012.
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 4-5, and a Downstream Processing & Protein Purification Workshop from June 6-8.
The training sessions include:
June 4-5, 2012: Fermentation Microbiology Workshop
June 6-8, 2012: Downstream Processing & Protein Purification Workshop
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 12, 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
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
May 21, 2-3 p.m.: Expertise Monday: How to Fail Less with Steve Blank
May 23-24: Capital Connections 2012
May 24, 11 a.m.-5 p.m.: TechBUZZ '12
May 24, 6:30-9 p.m.: Tech Cocktail Sessions DC - Relationships Matter with Scott Case and Rohit Bhargava
May 25, 10 a.m.-1 p.m.: Dingman Center Angels Review Day
May 31, 9-11 a.m.: TEDCO 2nd Annual ICE Awards
Join TEDCO for the 2nd Annual ICE AWARDS to celebrate the breadth of TEDCO's 300+ portfolio of seed/early stage companies, some of the coolest of Maryland's entrepreneurial community. The ICE Awards are presented to the most outstanding samples from TEDCO's portfolio in the categories of Innovation, Corporate Excellence and Entrepreneurship (ICE).
June 1, 7 p.m.: DC Tech Meetup #14: Explore Digital Dupont
June 7, 8 a.m.-2 p.m.: MEDA Summer Conference: Workforce Development; Developing the Skills Industry Needs
June 8, 2-3:30 p.m.: TEDCO Funding Briefing
TEDCO Funding briefings provide detailed information about TEDCO's primary funding programs for seed stage companies, including:
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.
Thanks to Our Sponsors!
E-newsletter archives are available at: http://www.mtech.umd.edu/news/enewsletters.html