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Mtech Announces Semifinalists for University of Maryland $75K Business Plan Competition
Date:3/8/2011

COLLEGE PARK, Md., March 8, 2011 -- The Maryland Technology Enterprise Institute (Mtech) today announces 20 high-technology and biotechnology semifinalists for the University of Maryland $75K Business Plan Competition. Now in its eleventh year, the competition has served as a launch pad for Inc. 500 companies.

Semi-finalists were selected among 71 entries in the categories of high-technology and biotechnology and undergraduate students. Entries, submitted as executive summaries, were advanced based upon their value proposition, competitive advantage, target market, business model, intellectual property, and clarity. Finalists will be announced April 5. On May 6, as part of the University of Maryland $75K Business Plan Competition finals, they will present their companies to a panel of judges from the regional venture-building community before a live audience at the Stamp Student Union.

Semi-finalists include:

High-Technology and Biotechnology Category

  • Atmo is developing a system that records user voting via smartphones and creates live-updating playlists at venues ranging from house parties to bars and clubs. Team: David Croushore, MBA student; Randy Baden, doctoral student, computer science.
  • HemeCentric Inc. is developing valuable products in nutrition, healthcare, and agriculture based on groundbreaking discoveries in heme biology and iron regulation. Team: Iqbal Hamza, assistant professor, animal and avian sciences; Gregory J. Feulner; Steven L. Hubert.
  • Ibis Microtech equips medical professionals, food quality control technicians, first responders, and national defense agencies with cost-effective diagnostics devices capable of performing laboratory-grade analyses on-site, and in record time. Team: Pamela Abshire, associate professor, electrical and computer engineering; Marc Dandin,
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