Maryland’s Department of Business and Economic Development recently announced the InvestMaryland Challenge.

The InvestMaryland Challenge is a national seed and early-stage business competition hosted by the Maryland Department of Business and Economic Development in partnership with Inc. Magazine. The Challenge will award $400,000 in grants and a host of business services to companies in the life sciences and high tech industries. Grants are provided by the Department’s Maryland Venture Fund and the BioMaryland Center.

Companies also have the opportunity to receive direct investments from venture capital firms and angel investors.

For more information, see the InvestMaryland Challenge website from the Department of Business and Economic Development.  The InvestMarylandChallenge facebook page has links to some of the businesses competing.