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Peer-to-peer ridesharing service Lyft launches in Baltimore

Peer-to-peer ridesharing service Lyft launched in Baltimore this month.

Users download the Lyft app on their iPhone or Android device and select their pickup location. They request an available driver and get a "lyft" where they need to go. After the ride is finished, users rate drivers on the app and give them a donation. The donations are collected through the app itself, and drivers keep about 80 percent of their take.

Co-founded by Logan Green and John Zimmer in San Francisco last year, Lyft is an offshoot of Zimride, a digital ridesharing community that came to be in 2007. 
 
Lyft was founded in San Francisco and currently operates in a total of 16 cities. An influx of $60 million in Series C funding in May, led by Andreessen Horowitz, has allowed Lyft to scale. Lyft's Boston operation launched in May and marked the first East Coast location for the business; D.C. was the second East Coast city and launched in August.  
 
Drivers must be at least 23 years old and drive a car with a model year of 2000 or newer. They must pass various screening interviews, criminal background checks and DMV checks, and their vehicle must past inspection. Lyft also carries heftly liability insurance on its drivers--$1 million per occurrence. These factors should make users feel secure in requesting a ride from a pink-mustachioed car.
 
Sean Mandell, a top-tier driver for Lyft in San Francisco, has been giving riders "lyfts" for eight months. "It has been a great experience and has provided great stories, new friends and great networking," Mandell says. "[Lyft] has revolutionized transportation needs in San Francisco."
 
Writer: Alyson Jacob

A version of this story first appeared in sister publication Elevation DC 

Emerging Technology Center signs up 10 companies for new Highlandtown office

So far 10 tech companies have committed to joining the Emerging Technology Center's new Highlandtown office when it makes the move from Canton Oct. 25. 

The city-run tech incubator will relocate to the King Cork and Seal Building, at 101 North Haven St. 

ETC has also signed up two new companies in its virtual-affiliate program, which accounts for about one-third of the 86 companies in its portfolio. Companies in the virtual program do not have offices but can use ETC facilities at the new Highlandtown site or its other office @ JHU Eastern in Charles Village. ETC president Deborah Tillett declined to name the two companies since the paperwork is still in progress. She says she expects the number of clients in the virtual program to grow. 

Tillett said that some of the companies in the ETC Canton are graduating and thus will not be transitioning to the new ETC Highlandtown. The ETC Highlandtown is laid out with dedicated offices for 11 companies, for which 10 offices are already committed. "We filled the offices quickly. We're quite happy," she says.

The Baltimore Development Corp. oversees the ETC, which houses startup and early-stage companies. The new ETC will occupy less square footage in Highlandtown than it did in Canton, though Tillett says the new location has more usable work space.
 
The ETC Highlandtown will occupy 20,000 square feet of the 70,000-square foot King Cork and Seal Building. In Canton, the ETC occupied 45,000 square feet in the Can Company, but only 30,000 square feet was usable for offices. The remaining 15,000 square feet was shared common space.
 
“We paid for it but we could not monetize it,” she says, referring to common space like lobby, halls and stairways. "We need to be thinking efficiency and the Highlandtown building has a more efficient layout and use of square feet."
 
The ETC moved into the Can Company 15 years ago as the neighborhood was transitioning from primarily industrial to a popular residential and retail neighborhood.
 
“Our leaving the space leaves [the Can Company] room for expansion,” she says.
 
Tillett called Highlandtown an “up and coming” neighborhood with “a lot going on.”  It is a state-designated Arts and Entertainment District, near Johns Hopkins Bayview Medical Center, and on the route of the future east-west Red Line light rail.
 
ETC Highlandtown’s 10 tenants are the following: 
• 6th Street, an online retail marketing program;
• ADASHI Systems, an emergency response management program;
• American Business Forms & Envelopes, which makes software for printed business forms;
• EventRebels, which provides conference and trade show software;
• Foodem, a B2B wholesale food marketer that is hiring;
• NewsUp, an organized news delivery service;
• Pieran Health Technologies, which sells custom health software;
• Same Grain, which develops social discovery technology;
• Adecio, a digital marketing firm; and,
• New Sapience, a language comprehension software maker.
 
Source: Deborah Tillett, Emerging Technology Centers
Writer: Barbara Pash
 
 
 
 
 
 
 
 
 
 

Canton B2B online food marketplace hiring

Foodem, a B2B online marketplace for food distributors, is growing. Located in the Emerging Technology Center in Canton, the company has hired 11 employees since March and will hire four more sales people by the end of the year, Founder Kash Rehman says.
 
Foodem supplies goods to any business with a commercial kitchen, including restaurants, hotels, schools, daycares and nonprofit organizations. For the moment, however, Rehman is focused on capturing the restaurant vertical. "We help restaurants lower their food cost [by offering tools] to comparison shop," he explains. Foodem's online platform gives buyers a choice of distributor, and, by extension, price. "[Restaurants] don't have to call multiple places to find prices."
 
The platform also tracks what a restaurant orders from week to week, allowing owners to see the exact cost of their purchases. "Foodem give analytics in every category, every vendor, month over month, day over day," Rehman explains. And since all orders are submitted online, "[the system] eliminates errors during the procurement process."
 
On the distribution side, Rehman explains, Foodem eliminates the need and associated fee of a large sales force. "There are 21,000 restaurants in this market," he says. Servicing them all creates "enormous overhead" for suppliers.
 
Rehman is working with 25 different suppliers, including the Capital Meat CompanyBelair ProduceBowie Produce and S. Freedman and Sons, among others. Although he is open to working with other suppliers, Rehman is not concerned about the number he currently has. "It's not how many," Rehman explains, "it's the quality that matters."
 
Foodem secured $600,000 in angel funding in May and is planning a Series A fund raise in early 2014. "We have a lot of interest from prominent VCs nationwide," Rehman says.

Writer: Allyson Jacob
Source: Kash Rehman

Relay Foods launches mobile site, expands delivery location

Relay Foods, the online delivery and drop-off service for locally sourced products, recently launched its mobile website. According to Matthew Smith, art director for Relay, customers can now "complete their entire shopping order from their mobile phone."
 
Within two weeks, Smith says mobile users will be able to collaborate on the same list the way they can on Relay's main website. The mobile website "works on any device with a modern browser," says Smith, "not just Apple or Android."
 
Relay cofounder Arnie Katz launched the company in 2009 in southern Virginia and has since expanded to serve Annapolis, Baltimore, D.C., and Philadelphia. According to Katz, Relay is expanding its delivery services to Fredericksburg in the next few weeks and will turn its attention to North and South Carolina in 2014.
 
"We deliver groceries to places where customers congregate," Katz says. Instead of delivering to customers' doorsteps, which is costly, Relay sends its customers' orders to pick-up locations—apartment or office buildings, or other public areas. "We reduce delivery fees to zero and we can offer prices comparable to those at the grocery store." Home delivery is available for an additional fee.

Katz says he believes that food transparency is "the number one way to fix the food system in the United States. Relay is known for transparency, for knowing where [the food we source] was produced and how it got from farm to plate," he says.
According to Katz, transparency helps both consumers and producers. For consumers who want to eat locally sourced food, Relay makes it easy for them to know where the meat, dairy and produce on their plates are coming from. For the farmers, Katz explains, "transparency builds brand…and reduces price pressure, which results in better food products."

Customers seem to like Relay. "We're growing quickly," Katz says.
 
Relay Foods is offering a $30 discount on orders of $50 or more. Enter the code "SAVE30" to receive the discount.

Writer: Allyson Jacob
Source: Matthew Smith, Relay Foods
 


New online magazine seeks business success stories in Baltimore

Entrepreneurs Lauryn Sargent and Scott Thompson have launched Origin Stories, a free weekly online publication dedicated to the histories of "the superheroes of business." And the D.C. business partners are looking for business success stories in Greater Baltimore.

Origin Stories highlights stories about a company's founding days and is featuring companies from around the country, says Thompson, who grew up in Rockville. Thompson says he will be speaking to organizations in Baltimore in the next month.

Each issue of Origin Stories is delivered via email and is designed to give entrepreneurs a mental boost when they need it most.

"It says, 'Here's the struggle, and here's the payout or the success,'" Sargent explains. In a nod to the comic book theme, publications are numbered. The most recent looks at the origin of Domino's Pizza combines pithy text blocks with bold colors and iconic images. "[The stories are] reminders that it's tough now, but there is a payoff to what you're doing."
 
Sargent credits her company's summer intern for Origin Stories' memorable design. "They are visually attractive and they promote our brand. And, she explains, referencing the motivational aspect of the product, "we wanted to give something back to the startup community."
 
The digital one-sheeters are a natural outgrowth of Sargent and Thompson's two sister companies, which create personal and corporate histories for clients nationwide.  On the personal side, Stories Inherited interviews, researches and works to capture a personal legacy. Sargent and Thompson and a team of historians weave narratives around photos, film footage and oral histories, often taking advantage of the multimedia format of e-books to allow a subject's voice to be passed on to future generations.
 
"We offer a spectrum of products," Sargent explains. A full-service product includes historian-conducted interviews. "If you do the interviews yourself—we'll give you a framework—we can help with editing and printing." 
 
Stories Incorporated evolved from Stories Inherited. "It's corporate storytelling," she says. "We interview between 10 and 30 past and current employees and the founders to tell [a company's] story and show progression." In addition to being a terrific artifact, the result can be used as a marketing tool for prospective employees or an onboarding tool for new hires. "We interviewed 30 employees at New Light Technologies in D.C.," Sargent says, "and created 20 videos about the industry, the evolution of the company, and so on."
 

Writer: Allyson Jacob 
Source: Lauryn Sargent and Scott Thompson

Constellation in the running for $7B in federal alternative energy contracts

Constellation is in the running for up to $7 billion in federal contracts to install alternative energy technology in the U.S. Army, Navy and Air Force bases in this country and abroad.

The Baltimore-based regional energy provider, a subsidiary of Exelon, last month qualified to provide up to $4 billion in geothermal alternative systems. The company has submitted bids to qualify for the remaining, up to $3 billion, for solar, wind and biomass systems.
 
The Renewable and Alternative Energy Power Production contracts stem from a congressional mandate to reduce the U.S. military's reliance on fossil fuel. The goal is for U.S. Department of Defense installations to receive 25 percent production and consumption of energy from renewable sources by 2025. In 2012, the department reportedly spent more than $21 billion on conventional fuel contracts.
 
Constellation's executive director of the federal energy management programs John Dukes says geothermal was likely chosen as the first renewable to install because the technology can provide a reliable, steady source of energy for heating and cooling.
 
“The army strategically laid out geothermal as the biggest opportunity in compliance with their mission. It is starting with geothermal because that’s where they see the biggest bang for their bucks,” he says.
 
Dukes expects to hear by August whether Constellation qualifies for any or all of the other three renewables. He does not know how the up to $3 billion in contracts for solar, wind and biomass will be divided.
 
For the geothermal contracts, Constellation is one of five companies to qualify to bid on such contracts. The other companies are EEC Renewables LLC, California; Enel Green Power North America, Massachusetts; LTC Federal, Michigan; and Siemens Government Technologies, Virginia.
 
Within the next three to four months, the defense department will issue requests for proposals for possibly seven to nine projects within the U.S. and abroad. Dukes does not know if and when more geothermal contracts will be offered, although a meeting this week with army officials might answer that question.
 
The contracts will include power purchase agreements, meaning that the award-winning company builds and maintains the geothermal system at its own expense but has a guaranteed market for the energy produced. The government will buy the energy at a predetermined rate in long-term contracts that can run up to 30 years.
 
Geothermal uses the subsurface temperature to produce energy. There are different technologies and delivery systems depending on the location. Dukes says Constellation intends to bid on every geothermal contract although there is no guarantee that it will win any of them.
 
“It’s going to be highly competitive but we expect to be successful,” he says. “The awards will be based on the lowest price of electricity from the different geothermal technology.”
 
Source: John Dukes, Constellation
Writer: Barbara Pash

New app helps you find the cleanest local beaches

If you're looking for the safest and cleanest beaches this summer, there's an app for that.

Assateague Coastkeeper, a clean water advocacy nonprofit in Berlin, has launched a free app that tells if beaches and waterways in Worcester County are safe and open to the public, based on official monitoring of bacteria count.
 
The Swim Guide App can be downloaded from the Coastkeeper’s website or from iPhone, iPad and Android devices.

Kathy Phillips, Assateague Coastkeeper, calls the Swim Guide app a one-stop shop for swimming, fishing and water sports in Ocean City, Assateague and surrounding areas. 

Swim Guide information comes from Worcester County, which monitors the bacteria level at Ocean City beaches; the U.S. National Park Service, for Assateague Island’s beaches; and Assateague Coastkeepers, for Coastal Bay waterways like Horn Island, St. Martin’s River and Herring and Turville creeks where jet skiing, kayaking, standup paddling and other sports are popular.
 
Phillips updates the Swim Guide weekly, usually on Thursday night or Friday morning. It will remain operable through Labor Day Weekend.
 
Phillips expects the guide to be an annual summer program. She says the Assateague Coastkeepers is looking for funding to expand it next summer. “We’d like to put in the popular kayaking launch sites,” she says.

Assateague Coastal Trust runs Assateague Coastkeeper. The trust is a partner of Waterkeeper Alliance, an international movement of 200 clean water advocacy groups, whose Lake Ontario group inaugurated the app program in 2007.
 
“There was an issue of pollution. The Lake Ontario group thought it would be a public service to have a single place people could go to find out if a beach was open or not, and also to raise awareness of Waterkeepers,” says Phillips.
 
The idea quickly spread to other groups around the Great Lakes, then to California and the Pacific Northwest. Phillips estimates that about 50 Waterkeepers-affiliated groups now have apps for their local waters.
 
The app has proven so popular that Assateague Coastal Trust, which is funded by private donations, decided to inaugurate one for Worcester County, its jurisdiction.
 
Source: Kathy Phillips, Assateague Coastkeeper
Writer: Barbara Pash
 
 

Canton's 410 Labs raising up to $5M in latest funding round

Canton startup 410 Labs hopes to raise up to $5 million in its third round of funding this year. Founded by Dave Troy and Matt Koll, the company will use the money to refine its email management program, Mailstrom, and to double its current staff of six with design and marketing positions.
 
CEO Dave Troy says the second round of financing will be open to angel investors and venture capitalists, although he did not give a timeframe for closing the round. He also did not give a precise figure but said it would be "under $5 million." 
 
“We are focused on furthering the product,” Troy says of Mailstrom. 410 Labs introduced it last year, an outgrowth of an earlier product called Shortmail, to manage email and text messages. Since its founding in 2011, 410 Labs has raised a total of $1 million. Its first round of financing, it raised $750,000 privately and from angel investors. Another $300,000 was subsequently raised privately. 
 
In January, 410 Labs offered a free beta version of Mailstrom. The financing will be used to refine the web application for large-scale email users, or people who receive 50 and more email messages per day.
 
Since its launch as a free beta program, 44,000 people have processed 550 million emails via Mailstrom. “That gives you a sense of how much email is floating around,” says Troy.
 
Troy credits a technology blogger, Adam Dachis of Lifehacker, with the number of beta users. “When it first came out, there wasn’t a lot of notice. Then an online blogger wrote about it in February and we went from a few thousand [beta users] to 30,000 users in a couple of weeks,” he says. A mention in a story on email in The New York Times Personal Tech section didn't hurt, either.

Mailstrom is available on a free trial basis for the foreseeable future although at some point, 410 Labs will set a fee for versions with different options, says Troy.

Email was introduced in 1971. It hasn’t changed much since then, says Troy, but the mushrooming number of email has created a problem that Mailstrom is intended to solve.
 
Mailstrom works with any standard email system. It uses headers and subject lines to organize emails by a number of categories, including sender, mailing list, social network and shopping network. It can delete a large number of messages from a single sender or company, and can skim by content or time period.
 
Following the industry’s best practices for emails, the program does not open and read the message body, nor does it store the emails.
 
“It takes an initially overwhelming number and makes it actionable,” says Troy.
 
He has found that personality determines how people deal with emails. “Some delete every day, some don’t delete at all. We built an email product that works for a lot of different personalities.”
 
The company is located in the Emerging Technology Center at Canton incubator. Troy has not decided whether to accompany the incubator this fall to its new site in Highlandtown. 


Source: David Troy, 410 Labs
Writer: Barbara Pash

 
 
 

New film to feature Taharka Bros. Ice Cream food truck launch

Baltimore’s Taharka Bros. Ice Cream is launching a Kickstarter campaign June 12 to raise $35,000 for their new “Vehicle for Change” food truck. And a new movie by Oscar-nominated directors will document their effort in a new, yet-to-be named movie that highlights businesses that support social change.
 
“We don’t have a retail shop and a lot of people ask us to have a retail shop or ask how to get our ice cream,” Taharka CEO De'Von Brown says. “So this is a way for us to reach our audience, to have something that’s out in the community.”
 
Taharka Bros. serve up more than just the typical cookies and cream ice cream flavors. They serve what they call “food for thought,” flavors based on social movements. Their goal is to spread the message of inspiring movements and people in history through ice cream, such as a flavor named after Langston Hughes’ poem, “A Dream Deferred.”
 
Taharka has had a presence at festivals such as the Baltimore Book Festival and Artscape. They have also held events at their factory in Hampden, Baltimore and their products are available at over 65 restaurants in Maryland, Washington, D.C., and Virginia. But a food truck will allow it to make appearances at more festivals, corporate events and colleges.
 
“Hopefully the food truck will be a way to reach people in terms of a physical one-to-one type of outreach. It’s a community outreach vehicle,” Taharka Creative Director Darius Wilmore says.
 
Rachel Grady and Heidi Ewing, who directed “Detropia” and “The Boys of Baraka,” have just wrapped up filming of a yet-to-be named movie on Taharka’s Kickstarter campaign. The movie will be featured at the Tribeca Film Festival next spring. The movie will also document Taharka’s collaboration with actress and comedienne Rain Pryor to craft a flavor named after her late father Richard Pryor, whose comedy often addressed class and race. The flavor is tentatively being titled “A Richard Pryor Moment.”

Writer: Daryl Hale
Sources: De'Von Brown and Darius Wilmore, Taharka Bros. 

Charm City Fringe Festival seeking artists for expanded event

The Charm City Fringe Festival will encompass more venues and showcase more  performances when it returns in November.

This year, the festival will expand from a weekend festival to a five-day event mainly in the Station North Arts and Entertainment neighborhood. The festival will hold its main productions at the Theatre Project in Mount Vernon and at Single Carrot Theatre, says Co-founder Zachary Michel. He says he expects to attract between 1,000 and 1,500 attendees to the paid performances, and additional guests for the opening and closing parties.
 
The Fringe Festival’s goal is to highlight performance art in a range of genres, from plays to dance and burlesque. The Fringe Festival is different from other Maryland festivals because of its unique purpose to promote the “fringe,” or works that are not mainstream or well known. Michel says the festival was able to expand this year because it added three volunteers who are in charge of production and marketing.
 
Also new this year is the system that Michel and co-founder Michael Brush are using to find acts. Instead of booking performances, artists can now apply online at charmcityfringe.com by June 15.
 
Participants in Charm City Fringe Festival will have access to a performance space as well as promotion and marketing via the festival for just an application and production fee.
 
The festival aims to foster a community of theater performers, from up-and-coming companies to smaller groups, looking for the opportunity to reach a broader audience. Michel says that he hopes by bringing a diverse audience of established performance artists as well as young artists, the festival will allow new performers to network and establish valuable connections.
 
“We’re expanding our reach, we’re expanding the amount of artists that we’re taking in, we’re trying to bring more people in and overall just build up the scope,” Michel says.
 
Those interested in attending the festival can purchase tickets online as well as at the box office.

“I think that [attendees] are going to find that there’s just a lot that they didn’t know was going on and really discovering a new side of Baltimore so to speak,” Michel says. “To new art, to new people, to new rumblings that are going on that are going to be emerging in the next couple years.”

Writer: Daryl Hale
Source: Zachary Michel, Charm City Fringe Festival 

Canton startup pitches emergency management software to federal agencies

Adashi Systems LLC, a Canton emergency management software developer, is expanding its market to include the  federal government and is coming out with the latest version of its software platform for first responders within the next few months.
 
Brian Pollack, business development manager, says the company’s traditional customer has been local government. This year, the company is changing its sale focus to federal agencies, starting with the Federal Emergency Management Agency, or FEMA.
 
Pollack says Adashi has 1,500 customers at city and county levels in nearly every state in the country. In Maryland, they include Baltimore City, Baltimore County and Queen Anne’s County.
 
The majority of customers are fire departments or hazardous material teams within fire departments. It also has customers among police departments and US Marine bases that have their own fire departments.
 
Adashi offers four software products. Dispatch, the basic offering, provides navigation, routing and planning data. First Response offers navigation, planning data, hazard modeling and incident guidance. Command Post, the most comprehensive, combines the Dispatch and First Response products and provides a response management system linking commanders.
 
The fourth product, Navigation and Routing Option, has a GPS tracking system. It is included in Dispatch and optional with First Response and Command Post.
 
Pollack says the technology was developed at the U.S. Army Edgewood Chemical Biological Center, at Aberdeen Proving Ground. Edgewood and a company called OptiMetrics had a license to develop the software.
 
The privately funded Adashi is located in the incubator, Emerging Technology Center at Canton. Pollack does not know if it moving to the ETC’s new Highlandtown location in October.
 
Adashi is a finalist in the state’s 2013 incubator company of the year award, the winners to be announced next month. The company has a staff of 12, and has immediate openings for four positions for engineers and developers.
 
Source: Brian Pollock, Adashi Systems LLC
Writer: Barbara Pash

SmartLogic Solutions scouting Fells, Canton and Federal Hill for new home

SmartLogic Solutions LLC is looking for a new home to accommodate its growing staff as the web and mobile application developer expects to double revenue by next year.

Currently located in the Emerging Technology Center at Canton, the eight-year-old web and mobile application developer intends to leave the incubator within the next six months for another location in the city. The ETC is moving to Highlandtown in the fall
 
President Yair Flicker has been scouting commercial buildings in Canton, Federal Hill and Fells Point for a 2,000-square-foot office.  “We need to find something quickly,” he says.
 
SmartLogic develops software for web and mobile products like iPhone and Android applications and brings in about $1.5 million in annual revenue. In one year, from the first quarter of 2012 to the first quarter of 2013, revenue grew 34 percent, according to Flicker.

“If we’re not at $3 to $4 million in revenue by the end of 2014, I’d be disappointed.”
 
To that end, he has instituted several changes. SmartLogic recently hired a marketing director and a development director. The company is also hiring four more employees this year, primarily developers and programmers, to add to its staff of 11.
 
A new website is in the works, with a focus on attracting  small- and medium-sized businesses. Clients include Woofound and McDonogh School. During the course of a year, the company works on 12 to 15 projects.
 
Founded in 2005, the privately financed company moved into the incubator, Emerging Technology Center at Johns Hopkins Eastern in 2006. In 2011, it relocated to the Emerging Technology Center at Canton.
 
Source: Yair Flicker, SmartLogic Solutions LLC
Writer: Barbara Pash
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

VisiSonics seeks $750K in angel funding for new product

VisiSonics Corporation is seeking $750,000 in its first round of funding from angel investors so the College Park startup can launch its first software product, RealSpace, by the fall. 
 
VisiSonics produces software and hardware to improve the sound spatialization, or three-dimensional perception, over headphones and on smart phones and tablet devices.

Last year, the company changed its business direction to focus on developing and marketing its software, which CEO Ramani Duraiswami says is a bigger market compared with hardware.
 
The software, for mobile and consumer electronics, is currently in a testing stage. The goal is to make it easy-to-use and more efficient for consumers and potential industry clients like the gaming industry.
 
“Customers want better audio and music on their portable devices. Our software can be programmed into any device to make it full and rich,” says Duraiswami.
 
Founded in 2009, VisiSonics is a spinoff from the University of Maryland, College Park, and is located on the College Park campus’ incubator, the Technology Advancement Program.
 
The company originally focused on special hardware, called an “audio camera,” to capture sound, with accompanying software to analyze the sound for a variety of uses. The hardware captured sound in already-existing spaces like classrooms, concert halls, stadiums and work environments.
 
Duraiswami says the company had over $500,000 in sales of hardware, from customers like the University of Sydney, University of Melbourne, Stanford University and the US Naval Research Laboratory.
 
“If they were designing a concert hall, for example, the hardware would determine if and where the sound was appropriate,” says Duraiswami. “It helped customers to characterize the sound environment.”
 
Last month, the Baltimore-based University of Maryland Ventures chose VisiSonics as the first winner of a newly created Start-Up Prize to help startups commercialize their products.
 
UM Ventures is the first joint partnership between the University of Maryland, Baltimore and the University of Maryland, College Park. The UM Ventures prize is intended to bring innovative technologies to the market.
 
James Hughes, director of UM Ventures and president of Research Park Corp. says the criteria for the Start-Up Prize is a combination of the potential impact of the startup’s technology and how far the startup has come since founding, especially in the last year. VisiSonics was a semi-finalist in this year’s Investment Maryland Challenge.
 
Hughes says the prize will be awarded annually and with a dollar amount at least equal to the $5,000 VisiSonics received. VisiSonics also received a $75,000 loan from the Maryland Technology Development Corp. (TEDCO) for commercialization.
 
VisiSonics has six full- and part-time employees. It is looking to hire up to four staffers, in software and business development, this year.
 
Sources: Ramani Duraiswami, VisiSonics; James Hughes, University of Maryland Ventures
Writer: Barbara Pash

Maryland Film Festival highlights movies with Baltimore ties

Baltimore’s underground band scene and city kids on dirt bikes are among the themes featured in movies with local ties at this year’s Maryland Film Festival. Taking place May 8-12, the festival will host 50 features and 80 short films.
 
The following movies have local ties:
•  Matthew Porterfield’s “I Used to Be Darker,” which was filmed in Hamilton, Roland Park and Ocean City and has won festival awards in Nashville and Buenos Aires;
• “Hit & Stay,” which tells the story of priests and nuns in Catonsville who challenged U.S. intervention in Vietnam;
• “12 O’Clock Boys,” a documentary about a Baltimore dirt-bike rider, which just won the HBO Emerging Artist Award;
• “If We Shout Loud Enough,” a movie on Baltimore’s underground music scene and the band Double Dagger; and,
• “I Am Divine,” a documentary on the legendary drag icon that features interviews with John Waters.
 
The film festival added an extra day of movies in response to demand from the audience, says Maryland Film Festival Director Jed Dietz. Many people were turned away from films they wanted to see so festival organizers added more screening times.
 
Gabriel DeLoach, one of the filmmakers behind “If We Shout Loud Enough,” says the movie highlights the great music coming out of Baltimore.
 
“There’s a lack of cutthroat-ness and everyone is really encouraging of one another. There’s all these opportunities for musicians to put themselves out there.”
 
DeLoach lives in Charlottesville and became familiar with Double Dagger and other bands while attending the Maryland Institute College of Art. The band will be present for a Q&A after its Saturday evening screening. 

Says DeLoach, "It's a film made in Baltimore about one of Baltimore's best bands, so I think its only fitting that it screens there."



Writer: Julekha Dash
Sources: Jed Dietz, Maryland Film Festival; Gabriel DeLoach

Biomedical startup OptiCul seeking $5M in funding for new product

OptiCul Diagnostics Ltd. this month submitted an application to the U.S. Food and Drug Administration for approval of its first product, a device that tests for bacterial presence and promises to shorten hospital stays. Upon regulatory approval, which is expected this year, the Rockville biomedical startup with ties to Baltimore plans to market the device next year.
 
The startup is also seeking $5 million in funding from angel and venture capital investors this year, says CEO and Co-founder Israel Gannot. His wife Gallya Gannot is president and co-founder. Last year, the company raised $400,000 from angel investors.

The startup has eight full- and part-time employees. It plans to hire an additional eight employees, in engineering, marketing and sales, this year in preparation for selling the device in 2014.

Called an Optidet, the device OptiCul is developing can determine if a patient is carrying bacteria and if so which kind within three minutes. 

“The device helps with diagnosis and allows you to treat patients quicker, resulting in shorter hospital stays,” says Gannot, professor of biomedical engineering at Johns Hopkins University and a professor at Tel Aviv University.
 
The Maryland Department of Business and Economic Development awarded grants totaling $300,000 for research, which OptiCul conducted with the University of Maryland microbiology and chemistry departments.  
 
OptiCul Diagnostics was founded in Israel in 2008 with seed money from the Israeli government. In 2010, it opened its American headquarters and main laboratory to the William E. Hanna Jr. Innovation Center, an incubator in Montgomery County, where it is still located.
 
Gannot says the device, about the size of a small box, is designed to be placed in a hospital laboratory and used multiple times. The samples, about the size of business cards, are disposable. The device is priced at $10,000 and the samples at $3 each.
 
The initial marketing focus will be the I-95 corridor, Boston to Washington, D.C.,  where, by Gannot’s count, there are 2,500 hospitals with laboratory facilities.
 

Source: Israel Gannot, OptiCul Diagnostics Inc.
Writer: Barbara Pash
 
 
 
 
 
 
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