The Maryland Department of Business and Economic Development, the Maryland Technology Development Corp., RSM McGladrey Inc. and Saul Ewing LLP have announced the winners of the 11th annual Maryland Incubator Company of the Year Awards.
The ceremony was held Thursday at the Center Club. The awards, chosen by a selection committee comprising venture capitalists, and government and business leaders, recognized the achievements of eight companies in Maryland’s incubators.
The winning companies were selected based on the organization’s goals and success in achieving its objectives. Judges considered factors such as technology and product development; intellectual property; increase in employee numbers; growth in revenue or earnings; engagement of significant customers and strategic partners; receipt of awards or grants; attraction of outside investors; innovation; self-sufficiency; impact on the region and usage of the incubator’s services.
“Having supported many of these companies and entrepreneurs through early-stage funding and grants, Tedco is proud of their success thus far,” Rob Rosenbaum, president and executive director of Tedco, said in a statement.
WellDoc was named “Graduate Company of the Year,” after graduating from Baltimore’s Emerging Technology Center. The company developed a technology-based solution that helps people with chronic diseases better manage their conditions.
The award for the most green company of the year went to UR Solar Power LLC, from Frederick Innovative Technology Center Inc. in Frederick. UR Solar Power develops, implements and manages residential solar programs for utilities and national retailers.
Unatek Inc. from Largo’s Technology Assistance Center was named “Homeland Security Company of the Year.” Unatek is an information technology consulting firm with an established niche as a market leader in cyber security solutions.
“Information Technology Company of the Year” went to kloudtrack from Chesapeake Innovation Center in Annapolis. Kloudtrack is a technology company that offers “Software-as-a-Service” and cloud computing capabilities.
“Life Sciences Company of the Year” went to CosmosID, from the Technology Advancement Program in College Park. The biosystematics company develops methods and a process called “Cloud Sequencing,” which delivers pathogen identification in a single, rapid and accurate test.
StraighterLine from the Emerging Technology Center in Baltimore was named “New Company of the Year.” StraighterLine offers online freshman-level college courses. Students who complete the courses receive credit when they enroll with any college belonging to StraighterLine’s network of regionally accredited partner colleges and universities.
SITEC Consulting from the NeoTech Incubator in Columbia was named “Technology Service Company of the Year,” for providing customers with business process automation services for federal and commercial markets.
“Technology Transfer Company of the Year” went to Bartron Medical Imaging Inc., based in Largo’s Technology Assistance Center. The biotechnology medical device manufacturer focuses on software development, research and development using a technology licensed from NASA’s Goddard Space Flight Center.