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Winning Maryland startup to get state money

Once again CoFoundersLab has gained statewide recognition.

The Rockville-based startup received a $75,000 capital investment through the Maryland Venture Fund, Maryland’s Dept. of Business and Economic Development announced Monday.

CoFoundersLab provides matchmaking services for entrepreneurs, allowing those with an idea for a company to find a co-founder or investor to help launch the idea.

Startup Maryland's Pitch Across Maryland bus in its inaugural year, 2012. The winner that year was Rockville-based CoFoundersLab.

Startup Maryland’s Pitch Across Maryland bus in its inaugural year, 2012. The winner that year was Rockville-based CoFoundersLab.

The company first got statewide recognition when it won the first Pitch Across Maryland competition in 2012. CoFoundersLab co-founders Shahab Kaviani and Culin Tate climbed aboard the Pitch bus on a whim, and ended up with top prize.

That earned them a place in the first InvestMaryland Challenge, a statewide competition for early-stage businesses, but they did not win the $100,000 prize in that contest.

Another company that benefited from the Maryland Venture Fund was born out of a CoFoundersLab matchup.  ReelGenie, an online startup based in Silver Spring, received a $150,000 investment from the state in July 2013.

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