Angel investors and venture capitalists connect with Maryland-based earlystage companies through Power of Ten™ event
LINTHICUM HEIGHTS, Md. (May 10, 2012) – To provide investors with insight into technology investment opportunities in Maryland, the Maryland Technology Development Corporation (TEDCO) yesterday hosted a Power of Ten™ Early Stage Investor event at The Conference Center at the Maritime Institute. TEDCO selected 10 standout early-stage technology companies to make 10-minute pitches to high-profile venture capitalists and influential angels. Each company’s presentation included a description of its respective technologies and plans for commercialization.
As Maryland’s leader in technology-based economic development, TEDCO selected Maryland’s best and brightest start-ups to participate in the Power of Ten™. Early-stage companies seldom have the chance to receive unrestricted access to the region’s most powerful investors, and with angel investing hard to come by, TEDCO believes it’s important to spearhead these unique opportunities for both investors and entrepreneurs.
“The exposure companies receive through Power of Ten™ is unparalleled in the State,” said Rob Rosenbaum, president and executive director of TEDCO. “Angel investors provide critical support in providing funding toward the development and commercialization of start-up companies and their innovations. TEDCO launched the Power of Ten™ in 2008 and is proud of the exposure it gives entrepreneurs to bring their products to the next level.”
At this TEDCO signature event, the following 10 companies, nine in the TEDCO portfolio, pitched their innovative technologies:
- Euveda Biosciences, located in Baltimore, Md., presented an ultra-miniaturized cell-based assay for drug discovery and personalized medicine.
- Seguro Surgical, located in Columbia, Md., shared its device for packing bowels in abdominal surgery.
- AccuStrata, located in College Park, Md., showed its breakthrough optical monitoring and process control technology for green energy thin-film manufacturing.
- Applied Sensor Research & Development (ASR&D), located in Arnold, Md., displayed passive wireless microelectric sensors for aerospace and extreme environments.
- Chesapeake Proactive, located in Centerville, Md., offered new concepts in wheelchair mobility and comfort.
- VisiSonics Corporation, located in Highland, Md., presented the next generation of immersive audio.
- BamVet Labs, located in Baltimore, Md., shared its solution for animal care problems with sustained-release therapeutics.
- Savenia Labs, located in Bethesda, Md., offered energy ratings for appliances missed by the government EnergyStar program.
- Tocreo Labs, located in Annapolis, Md., presented smart cards with thin film display powered only with RFID energy.
- Nexercise, located in Silver Spring, Md., showed a mobile application that makes exercise fun and rewarding.
The nine companies in the TEDCO portfolio include: Euveda Biosciences, Seguro Surgical, AccuStrata, ASR&D, Chesapeake Proactive, VisiSonics Corporation, BamVet Labs, Tocreo Labs and Nexercise.
TEDCO has extensive experience providing companies and researchers with seed funding for technology transfer and commercialization. Angel investors can provide companies with valuable guidance and direction plus additional funding needed to help them expand and further develop their technologies. TEDCO is proud to connect these start-up companies with the opportunity to commercialize their products.