Innovation : Innovation + Job News

Baltimore news station WBAL-TV recently signed an agreement with New Jersey's Dyle mobile TV to bring live broadcast programming to viewers who want to watch news and other programs on their cell phones. The move will help the local NBC affiliate expand its reach and stay ahead of the competition with new technologies. 

Roger Keating, senior vice president of digital media for WBAL parent Hearst Television Inc., says the technology will be available by the end of this year. 

Dyle mobile TV operates through a receiver accessory, sold for $84.98 on Amazon.com and other outlets. The accessory, about the size of a matchbox, has an antennae. It plugs into a smart phone or tablet, turning it into a television. Dyle technology is available now for iPhones and will be ready for Android devices in a few months.

“The worst case scenario is that it wouldn't begin until the end of this year,” Keating says. The timeframe depends on the engineering work, like upgrading WBAL's transmission tower, that is needed to implement mobile TV.

Dan Joerres, president and general manager of WBAL-TV, calls Dyle mobile TV the "next step" in television technology. "The intent is to build another product for our consumers," he says.

"We are trying to build a network in a market. Maybe there will be other TV networks in Baltimore that will have [mobile TV] in the future."

Indeed at least one already has. Sinclair Broadcasting Group Inc. said earlier this month that it is doing so in 10 of its stations, including WBFF Fox 45, in the next six months.

Mobile Content Ventures, a partnership of 12 major broadcast companies, operates Dyle mobile TV. Keating says Hearst TV already transmits the Dyle service to three of its stations, in Cincinnati, Greenville, S.C.; and Orlando, Fla.

 
Sources: Roger Keating, Hearst TV; Dan Joerres, WBAL-TV
Writer: Barbara Pash

Healthcare IT company Analytical Informatics Inc last month signed a partnership with SchedFull LLC, a Detroit patient scheduling company, to broaden its product offerings. The SchedFull partnership is the first of several agreements the downtown Baltimore company expects to announce this year.
 
CEO Chris Meenan says the downtown Baltimore company is looking to improve efficiency and quality via deals with small companies like SchedFull and with hospitals in the “hot areas” of healthcare, such as staffing efficiency and patient experiences. He hopes to announce a hospital partnership next month.
 
The company offers a suite of tools that improve hospitals' efficiencies. For example, the company has a staffing model that shows which hours are busiest and how many rooms need to available for operations and radiology, both expensive-to-run facilities.
 
SchedFull works with hospitals and physician offices to electronically notify patients about appointments and cancellations. The partnership allows Analytical Informatics to offer an application that addresses the patient experience. 
 
“In the healthcare field, hospitals are trying to understand patients. Hospitals can save a lot of money if they can reduce their no-show rates,” says Meenan.
 
Analytical Informatics was spun out of the University of Maryland, Baltimore technology transfer office in 2011. Data from hospitals, physicians and other providers is aggregated into a central platform to which applications can be added.
 
The company invented some of the applications itself or, like SchedFull, has acquired them through partnerships. Others are licensed from University of Maryland School of Medicine. Analytical Informatics charges about $4,500 per month for the basic model plus several applications of a client’s choice. Other applications can be added for extra fees.
 
The company already has partnerships with hospitals that include Johns Hopkins, University of Utah Health Care and Indiana University Health.
 
Besides Meenan, company staffers are the other three cofounders: Mark Daly, Max Warnock and Christopher Toland. In June, it is hiring at least two staffers, in software development and sales and marketing.
 
Source: Chris Meenan, Analytical Informatics Inc.
Writer: Barbara Pash
 
 

Butchers Hill web design and development firm Fastspot LLC is expanding. The company is adding a new department in analytics and search optimization to boost its marketing support for clients and will hire four employees to add to its staff of 14 over the next six months. It is looking for web developers and designers and project managers, President Tracey Halvorsen says.
 
The company is also adding new features to its free open source content management system, BigTree, to make it more efficient. The Butchers Hill web design and development company's updated product will be available this summer to the web community through its own website and that of BigTree’s.
 
“Anyone who wants to use it can,” Halvorsen says.
 
Fastspot introduced BigTree as open source software last year, where it turned out to be popular among higher educational institutions and museums. Halvorsen says the new features are being developed but declined to specify them as they are still being developed. She says the company will continue to sell it as part of a project.
 
“But we don’t want clients to feel locked into it and we want to see what others in the design and development community do with it,” she says.

Halvorsen says the company will roll out its new department over that timeframe. The department’s services will be offered on an hourly fee basis. The department comes in response to client request.
 
“After we launch a website, it’s important to know who is coming to the site, is the content performing as well as it should and is the structure of the site working?” she says.
 
Fastspot has a national client base of higher educational institutions, cultural institutions, nonprofits and museums. They include Bucknell University, Tufts University, Johns Hopkins University and the International Spy Museum in Washington, D.C.
 
Fastspot doesn’t take on projects of less than $50,000. Large projects can cost $200,000 to $500,000 and take from nine months to two years. Most higher education clients’ projects run in the six figures, she says. Fees are based on an hourly rate and annual maintenance contracts are available.
 
Fastspot was founded in 2001. Halvorsen says revenue at the privately funded company has increased by at least 10 percent per year since founding.
 
Source: Tracey Halvorsen, Fastspot LLC
Writer: Barbara Pash

The University of Maryland, Baltimore County and Northrop Grumman Corp. last month expanded their Cync cybersecurity  program with three new companies, including the program’s first international one. The three firms joined the five companies currently at bwtech@UMBC Research and Technology Park in Catonsville.

The folowing three companies entered the Cync program:

• iWebGate is relocating its headquarters from Perth, Australia, to Maryland. It is developing a multi-tenant security-tested network between private networks and the Internet;
• DB Networks, of Silicon Valley provides behavioral analysis of database security equipment. It intends to grow its mid-Atlantic region; and,
• Baltimore's Light Point Security, which is working on protecting corporate networks from web-based malware.

Northrop Grumman and UMBC jointly select the companies for the 18-month long Cync program, which began in 2011.
 
Chris Valentino, director of contract research and development for Northrop Grumman Information Systems in Annapolis says the program is for early-stage companies to grow and develop their cybersecurity products. He identified global security, data analytics and technology as areas that are of particular interest. Valentino says he also considers how the product fits into Northrop Grumman’s portfolio.
 
Northrop Grumman pays for Cync program companies’ office space and equipment at the UMBC incubator. Its own entrepreneur-in-residence at the incubator works with the companies on business plans and marketing.
 
Valentino says the Cync program is getting requests from companies outside the U.S. and elsewhere in the country. “They wanted to expand to Maryland specifically for the Cync program and to work with federal government,” he says of the companies.
 
Northrop Grumman provides a link to potential customers in the federal marketplace. “Our intention is to partner with the companies,” he says.
 
Ellen Hemmerly, executive director at bwtech@UMBC, says there are more than 100 companies in the research and technology park. Of these, two-thirds are early-stage companies that are participating in one of its three incubators. Bwtech’s cybersecurity incubator has 35 early-stage companies and another 10 companies that are more mature businesses.
 
Of the 35 early-stage companies, eight are participating in the Cync program. She says that when the Cync program was established, there was not an absolute number set on the number of companies that could participate.

"We projected five to six companies at any one time, and we are staying within that framework.”
 
Sources: Chris Valentino, Northrop Grumman Information Systems; Ellen Hemmerly, bwtech@UMBC Research and Technology Park
Writer: Barbara Pash

Motifworks Inc this month entered into a partnership with Microsoft to promote its cloud platform, Windows Azure. This is the first partnership between the White Marsh cloud, mobile application and data analytics company and Microsoft.
 
Motifworks’ contract is for one year and renewable, CEO Nitin Agarwal says.
 
Motifworks provides the technical help to companies using Windows Azure. Motifworks follows up on companies in the area that have contacted Microsoft about Windows Azure.
 
Agarwal says Mofitworks’ goal is to sign up at least two companies for Windows Azure during the year of the contract.

“Companies lack skill sets in new technology like cloud and mobile. We help them fill that gap, and bring their product to market faster,” Agarwal says. “Rather than develop their own departments, it’s become more acceptable to outsource.”
 
The company focuses on the financial, legal, retail, education and management sectors. Most clients pay a monthly fee, but some pay per project. Clients include Sears, SafeNet, Global Scholar, Wellscape, Lender Processing Service and local technology startups.
 
Since Agarwal founded Motifworks in 2010, the company has almost doubled sales every year for the past three years. He expects to double sales in 2013. It pulled in $1 million in revenue during fiscal year 2012.

Mofitworks has two offices. In Bangalore, India, it employs 40. The White Marsh virtual office has a staff of seven. The company is hiring two staffers with Microsoft expertise for its White Marsh location.
 
Source: Nitin Agarwal, Motifworks Inc
Writer: Barbara Pash

ClearEdge IT Solutions LLC, a woman-owned tech firm in Jessup, is hiring 25 software engineers and cloud computing experts to join the 75-person firm by the fall. The company, which specializes in cloud computing and data analysis, moved to a new, larger headquarters in Howard County.

The move is part of an overall restructuring process that will enable the company to compete for more and larger defense contracts, Executive Strategist Nikolas Acheson says.  “We are reorganizing to maximize our abilities, and positioning ourselves for the future,” he says. “We are ramping up to compete as we move from a small to a large company.”
 
ClearEdge IT was founded in 2002. The company is currently valued at about $20 million and anticipates growing by 20 percent per year for the next five years, says Acheson. “The area of computer science that we support is expanding. Customers are looking for efficiencies, to implement new technologies and that’s where we come in."
 
Last year, ClearEdge IT left a leased building in Anne Arundel County to buy and renovate an existing two-story, 36,000-square-foot building in Jessup. Part of the staff works from new headquarters while others work on-site for federal and private customers. Acheson says its main customer is the intelligence community within the Department of Defense, as well as private customers in the defense community
 
The move also allows ClearEdgeIT to expand its certification classes in big data and cloud computing programs like Hadoop and jQuery at its Distributed Computing Center of Excellence. The company founded the center less than a year ago and currently enrolls over 100 students.
 
Classes are open to anyone. Fees range from about $1,700 for a two-day course to $495 for a several-hour course. With the move, Acheson says the company will focus on partnering with its customers to offer training and certification for their employees. A fee structure is in the works. Certification will be offered either within the particular company or to industry-wide standards.
 
“We intend to double, even triple, enrollment and the number of offerings within the next 18 months,” he says.
 
Source: Nikolas Acheson, ClearEdge IT Solutions
Writer: Barbara Pash

Canton business consulting firm EntreQuest is in talks to partner with three universities and foundations around the country this fall to promote entrepreneurship as it expands its reach in the higher education market.
 
“We want to leverage our assets and use their platforms to add value to their members, clients and students,” says CEO Joe Mechlinski, who is also a best-selling author. He declined to name the universities and foundations until deals are finalized, which  he anticipates this fall.

EntreQuest first entered the university space last December, when it launched the Growth University, an online training and certification courses downloadable from its website. Courses range from sales to leadership at a fee of $297 to $497 per individual course, or a corporate fee of $30 per month per person.
 
Mechlinksi says more than 200 people have downloaded Growth University courses since its launch. He also says that entreQuest this year plans to introduce the Growth Factor, video webinars that feature interviews with business leaders.
 
Mechlinksi’s first book, “Grow Regardless,” was published last February. That same month, it hit No. 3 on The New York Times list of best-selling business books, No. 1 on Barnes & Noble.com and No. 5 on Amazon.com.

EntreQuest offers help in sales, staffing and strategy to businesses. The entreQuest team spends 30 days at the client-company interviewing stakeholders and surveying employees, according to Mechlinksi, who says entreQuest has consulted with about 400 companies around the country since its founding in 2000. The fee depends on services and size of the client.
 
The client receives a detailed action plan for the next year. For an extra fee, entreQuest will stay on site to recruit staff, provide training and fill any other client requests.
 
EntreQuest has offices at the incubator, the Emerging Technology Center at Canton. Its staff also mentor other incubator tenants. The company has 11 employees and is currently hiring three, including a director of products, recruiting director and senior business consultant.
 
Source: Joe Mechlinski, entreQuest
Writer: Barbara Pash

A University of Maryland research team led by Shiladitya DasSarma last month revealed a type of organism that may survive on Mars and other extreme environments. The discovery is a breakthrough in methods of survival under the cold and dry conditions found in Antarctica -- and Mars.

DasSarma’s research for NASA focuses on Halorubrum lacusprofundi, a microbe that was discovered in Deep Lake, a very salty lake in Antarctica.

“It’s a good model for surviving in conditions like Mars,” he says of the microbe whose adaptations allow it to live in a cold, salty environment that is considered similar to some environments on Mars.

The National Space and Atmospheric Administration is funding the research, which was published in a professional journal, with an ongoing multi-year grant for nearly $500,000.                     

DasSarma says there is so much interest in the question of life on Mars because Mars and Earth are sister planets. Both are within the “habitable zone,” close enough to the Sun to sustain life if liquid water is present.

“Mars is much drier and colder than Earth,” he says, but photographs show seasonal flows of brine, or salty water, down the sides of a crater on Mars. “There are probably pools of brine under the surface of Mars.”

DasSarma says the NASA grant is intended to answer basic biotechnology questions.

“NASA is asking, could any organism survive under Mars’ conditions? What molecular adaptations are necessary for survival? Our research determined that certain organisms can survive,” says DasSarma, a professor at the University of Maryland School of Medicine, in downtown Baltimore. DasSarma is also a research scientist with the university’s Institute of Marine and Environmental Technology at the Inner Harbor.

DasSarma and his team have long studied organisms that grow in unusual environments. “Our specialty is understanding how they are able to survive in very dry and salty conditions,” says DasSarma, the key finding being that they have adaptations that allow them to hold onto water.

DasSarma says the microbe he is studying for NASA won't  be found on Mars necessarily. But if life is one day discovered on Mars, “they will be a salt-loving type of organism,” he says, “possibly something like it.”

DasSarma says his research may lead to the development of novel biotechnological applications for use on Earth.

Source: Shiladitya DasSamra, University of Maryland School of Medicine and Institute of Marine and Environmental Technology
Writer: Barbara Pash
 
 
 
 
 
 

Oculis Labs Inc this month is releasing the new version of PrivateEye Enterprise for businesses. To kick off the release, the Hunt Valley cybersecurity company is offering a free 30-day trial package available through its website.
 
“We wanted a product for enterprises like health care firms and banks that have records with financial and personnel information they want to keep private,” says founder and CEO Bill Anderson.
 
In 2011, the nine-person firm released PrivateEye, a cybersecurity program for individual users. A standard web cam in computers and tablets is set to recognize the authorized user’s face. The user can instantly blur the screen by turning his/her head. Alternatively, the program can be set so that the face of anyone who enters the user’s area pops up on the screen.
 
“We are using motion sensor and face recognition technologies to protect company information,” says Anderson. “A person who comes into my office, who comes up behind me cannot read the data.”
 
All versions of PrivateEye and PrivateEye Enterprise have racked up more than 10,000 users in 30 countries, according to Anderson. PrivateEye Enterprise uses the same technology as PrivateEye but, based on users' comments, focuses on companies. The new version lets their IT departments manage and control security measures.
 
PrivateEye costs $20 per user. For PrivateEye Enterprise, a small company of, for example, 50 users, pays $60 per user; a large company of about 1,000 to 2,000 pays $30 per user. These are one-time fees; there is no annual charge.
 
Anderson founded Oculis Labs in 2007 to solve a problem that anti-virus and encryption technology did not address. “You need to secure the last two feet of the Internet  — the distance from the computer screen to the user’s eye,” he says. “Security spending is wasted if anyone —  insiders and strangers — can look at what’s on a person’s screen.”
 
In 2009, Oculis Labs issued its first product, Chameleon, a software program that allows the user to read a classified document privately, even in a crowded room. The program tracks the authorized user’s eye movement. To the user, the words appear in their normal format. To anyone else looking at the screen, the letters are garbled and the words unrecognizable.
 
Developed for the intelligence community, Chameleon’s users are government agencies in that community and the US Department of Defense. Chameleon costs thousands of dollars per program.
 
Oculis Labs is privately financed. Two angel funding rounds raised $3 million. It has received $100,000 from the Maryland Department of Business and Economic Development and $75,000 from the Maryland Technology Development Corp. It has also received funding from In-Q-Tel, a not-for-profit venture capital firm whose purpose is to invest in technology to keep the Central Intelligence Agency current.
 

 
Source: Bill Anderson, Oculis Labs Inc.
Writer: Barbara Pash
 
 

Early-stage medical device company Vasoptic Medical Inc. is conducting tests on a device to detect and prevent a progressively worsening eye condition that leads to blindness.

The tests, being held at the Johns Hopkins Wilmer Eye Institute, are required for federal Food and Drug Administration approval. When done in 2014, the Columbia company will seek FDA clearance to market and sell the device.

CEO and general counsel M. Jason Brooke estimates it will cost $7.5 million to bring the device to market. The federal National Institute of Health last year awarded the team a $225,000 development grant. The company next month will apply for a $1 million to $1.5 million NIH Small Business Innovation grant, which is intended to help speed commercialization of promising technology.
 
Johns Hopkins has a $180,000 multi-year grant from the Wallace H. Coulter Foundation, part of which goes to Vasoptic for commercialization. Vasoptic has received a $75,000 grant from Maryland Technology Development Corp., or TEDCO, for commercialization. It is also one of 33 finalists in the state’s InvestMaryland Challenge, the winners and cash prizes to be announced next month.
 
Brooke says the company is considering an angel financing round this year for $500,000.

“We are starting to get recognition of the value of technology among investors,” he says.
 
Brooke and Chief Technology Officer Abhishek Rege are Vasoptic’s current staff. Depending on grants, the company will hire two to four research engineers this year. The company is located in Howard County incubator, the Maryland Center for Entrepreneurship.
 
The so-far unnamed device is intended for the early detection of diabetic retinopathy, a condition caused by both Type I and Type II diabetes. One in nearly three diabetics, or six-to-eight million people, has some form of diabetic retinopathy. Another eye implant invented by Hopkins scientists and manufactured by a California company recently received FDA approval. 
 
In the US, 25 million people have diabetes, seven million people are undiagnosed diabetics and another 80 million people are pre-diabetic. The condition causes reduced blood flow to the tissue of the retina that leads to severe visual impairment and eventually blindness.
 
Brooke says the recommended treatment is regular eye exams to detect the condition and better management of one’s diabetes to slow its progression.
 
Vasoptic is not the only technology to screen for the condition. But other technologies require an ophthalmologist to analyze the images, says Brooke. Vasoptic’s technology is designed to be used by the primary care physician.
 
Vasoptic’s hand-held device captures anatomical images and physiological information like blood vessel flow that its accompanying software analyzes. The device not only detects the existence of the condition but predicts the risk of the diabetic developing it as well.
 
“It’s not hard for an ophthalmologist to detect the condition in its early stage but half of diabetics don’t receive the recommended eye exams” because of the expense and inconvenience, Brooke says . “Our focus is the primary care facility and keeping the device low cost,” likely under $10,000 each.
 
Rege developed the technology while working at the Johns Hopkins department of biomedical engineering. Hopkins filed patent papers and entered into a licensing agreement with Vasoptic to commercialize the device.
 

Source: M. Jason Brooke, Vasoptic Medical, Inc.
Writer: Barbara Pash
 
 

CoFoundersLab, a startup that matches business partners with one another, says it will close an angel investing round of about $500,000 next month and is expanding its reach in the U.S. and abroad.

Headquartered in Rockville and with extensive ties to Baltimore, CoFoundersLab connects entrepreneurs with one another and hosts targeted networking sessions to introduce founders to investors and partners. It is now adding 10 more US cities to the 20 in which it already has a presence. Internationally, it is launching in London, Tel Aviv, Singapore and Sao Paulo. CoFoundersLab is recruiting volunteer partners in its new domestic markets of Houston, Dallas, Detroit and Nashville, among others, as well as abroad.

CoFoundersLab already operates in Washington, D.C., Philadelphia, Boston and Los Angeles. In New York City, for example, CoFoundersLab partners with a team at New York University’s Stern School of Business. In Baltimore, it regularly hosts events at Betamore and the Emerging Technology Center @ Canton and the University of Baltimore.
 
“We are looking for partners whose access to the community we can tap into,” says CEO Shahab Kaviani, co-founder with Culin Tate of a company that calls itself “matchmaking for entrepreneurs” in search of business partners.
 
Kaviani says the company’s partners are generally an accelerator or the coworking space of a university, where it hosts events that bring together entrepreneurs and investors/business partners. Its website also serves that purpose.
 
“The first challenge an entrepreneur has to overcome is finding the right business partner," Kaviani says. "In the past, you went to friends or networked. We are creating a large pool online."
 
CoFoundersLab began in 2010 as a part-time service to host events for start-up companies. In 2011, it launched its initial version of the online match-up website. In 2012, financed by The Fort Accelerator in Washington, D.C. and angel investors, it became a full-time service.
 
Kaviani isn’t sure of the number of match-ups for which CoFoundersLab can take credit.  He believes it is in the low hundreds. “Some we hear about, others we don’t,” he says, pointing to Kithly, an application company that was formerly housed in a Baltimore incubator and whose founder met his business partner through CoFoundersLab.
 
 It is also in the process of reorganizing its website. Currently, the website is accessible for free but Kaviani says a paid membership, with advanced features, will be introduced this year. Membership prices haven’t been finalized.
 
Next month, too, CoFoundersLab will find out if it has been chosen to advance to the final round of the state-sponsored InvestMaryland Challenge that culminates in April. It is currently one of 61 finalists in three categories for the $100,000 prize.
 
CoFoundersLab has a staff of five. It is hiring two staffers this summer, in marketing and technology development.
 
Source: Shahab Kaviani, CoFoundersLab
Writer: Barbara Pash

Educational technology startup 1sqbox LLC says it expects to wrap up its second round of angel financing of $5 million by the middle of this year and is tripling its staff of five. The downtown Baltimore company is hiring seven salespeople, three support staff and a chief financial officer.

In its first round of angel financing last year, 1sqbox raised $330,000, to get the company off the ground, CEO Granville Templeton III says. After its second round of angel financing, 1sqbox will seek venture capital.

The company sells Android-based tablets to school systems for kindergarten through 12th grades. The tablets have proprietary software geared for administrators and for teachers and students. Templeton bills the company as a “one-stop shop” for educators. 

“We use the school system’s and/or other companies’ educational content. We are the platform” for the content,  says Templeton, who cofounded the company with chairman and CTO Alexis Coates in 2011.
 
The same tablet is used for all grades. Every student in a class gets a tablet. Via his or her tablet, the teacher inputs lesson plans and other material like textbooks, quizzes, homework assignments and comments.
 
“It’s an intuitive management system that allows teachers to use technology for their classrooms,” says Templeton.
 
School principals can monitor teachers via the tablet. A software platform allows them to view teachers’ lesson plans, assignments and other information.

Templeton says 1sqbox is in the process of refining its software for easier use. It is also adapting its platform  for district-wide use. “Now, each school can monitor itself. We are adapting it so each school in a district can be monitored,” he says.
 
Last year, 1sqbox launched a pilot program in City Springs Middle School, a charter school in East Baltimore. The Abell Foundation funded the purchase of 100 tablets. Templeton says the tablets average $349 each, depending on amount ordered.
 
Dr. Walter Amprey, former superintendent of Baltimore City Public Schools, this year became associated with 1sqbox, “to introduce the company to school systems around the country,” says Templeton.
 
The company sells directly to school districts, which then distribute the tablets to users. The marketing focus so far has been Baltimore City and Maryland along with nearby states like Pennsylvania, New Jersey and New York. 
 
Templeton says 1sqbox has contracts with six schools, among them four in Baltimore City and two in Tennessee. The Baltimore schools are City Springs Middle School, Heritage High School, Baltimore Leadership School for Young Women and Rosemont Elementary and Middle School. The tablets stay at the school, and do not go home with the students.
 
Source: Granville Templeton, III, 1sqbox LLC
Writer: Barbara Pash
 

Solar Systems Express this summer plans to launch its first product, a software platform that works with open-source hardware to support manned space missions. The Baltimore startup expects the product, called a gravity development board, to be the first in a series of products to support deep space exploration.

The gravity development board is a reconfigurable system that allows individuals and small technology firms to create real-life space hardware for a variety of tasks.  "The board has the building blocks for any electrical and mechanical system. You can make an arm for a robot or develop solar uses," says Blaze Sanders, CEO and chief technology officer.

Solar Systems Express is currently located in the Emerging Technology Center @ Johns Hopkins Eastern in Charles Village. When it graduates from the incubator at the end of this month, the startup is moving to Mohave, Calif., which has become a hub for small businesses involved in the deep space industry, says Sanders. 
 
While the company will no longer be located physically in Baltimore, it will maintain its connection to the city. The American Technology Corp. in Baltimore will assemble the gravity development board and it will be sold from Baltimore, says Sanders, a former National Aeronautics and Space Administration employee.
 
Sanders co-founded the startup in 2010 with Emily Moser, chief communications officer, and Kunal Ajmera, chief business development officer. The company spent a year in the incubator.
 
The company is marketing the product, which cost $105 each, to undergraduate engineering and other college students and sold via the company’s website.
 
Sanders says Solar Systems Express joins a growing number of small businesses in the burgeoning deep space industry. Over 300 space-related businesses have been formed in less than a decade, he says.
 
Besides its own product, Solar Systems Express offers electrical engineering consulting services for other space industry companies. Among its clients is Juxtopia, a Baltimore startup that is developing augmented reality goggles.
 
The company has about $50,000 in private funding. In Baltimore, the staff consists of the three co-founders and two part-time employees. It is planning a financing round after the move to California.
 
“We have enough money to get the first boards out. After that, sales will keep us going,” says Sanders.
 
Source: Blaze Sanders, Solar Systems Express
Writer: Barbara Pash

Baltimore County life sciences firm Sterilex Corp. is tapping into the Latin American market this year.

The Hunt Valley company will launch in Mexico by mid-2013, followed by a rollout in other countries, including Costa Rica and Chile. It made its first international foray last year with a launch in Canada.
 
Sterilex manufactures proprietary and microbiological agents to solve contanimation problems, says Alex Josowitz, director of business development. Put in layman’s terms, the company makes different substances that kill organisms that form a protective biofilm, such as plaque on the teeth or pink streaks in grout. 
 
“Once the biofilm is formed, it’s difficult to get to the organisms. It becomes an issue in health care and industrial applications,” says Josowitz, whose company makes several different agents, liquid and powder, for different customers.
 
Most of Sterilex customers are food and beverage manufacturers, including meat, poultry, dairy, wineries and breweries. It also has clients in the dental industry as it has an agent to disinfect dental water lines where biofilm tends to build up.
 
To make the agents, Sterilex has several manufacturing plants across the country, including one in Baltimore City.  The company sells mainly through distributors. Josowitz estimates that over 5,000 companies use its products but almost all are sold through full-service chemical distributors.
 
Josowitz says the entry into international markets came at the request of its American distributors, many of whom have international operations. “They asked if we had the ability to sell abroad. We felt it would help our business here,” he says.
 
To do so, the company obtained an export grant from the state, met federal Environmental Protection Agency regulations and fulfilled the application process in each of the foreign countries. There were patent and trademark issues.
 
“It was convoluted and costly, and can take over 12 months to get approvals,” says Josowitz.
 
Sterilex was founded in 1995. It shares an office with its sister company, Global EPI Research. The privately held company pulls in about $10 million in annual sales, which are growing about 30 percent a year.
 
The woman-owned business has a staff of 11.  It is not currently hiring but Josowitz says there’s a “good chance” it will do so in the future.
 
Source: Alex Josowitz, Sterilex Corp.
Writer: Barbara Pash

A local startup backed by serial tech entrepreneur Clarence Wooten will help investors in crowdfunding projects hedge their bets.

Founded last month, Asurvest provides investment insurance for private and professional investors in Kickstarter and other crowdfunding platforms, CEO Luke Cooper says. The company will open an office in Baltimore over the next few months, hiring three to five analysts and marketing specialists.

Cooper says Asurvest is looking to partner with established crowdfunding platforms like Kickstarter.com, Fundable.com and Gofunding.com.

“These groups are highly visible. They attract investors. They have strong business models,” Cooper says, although exactly how the partnership would work has yet to be determined. “We are in an incremental improvement mode,” he says of Asurvest.
 
Cooper, Co-founder Sudhir Shandilya and Wooten have all invested an undisclosed sum in the company. Cooper's Baltimore investment firm Performant Capital Partners also backs the company. Cooper declined to say how much funding they have raised to date.

Wooten is a Baltimore native who is founder and chairman of social networking firm Groupsite.com. He's known best for co-founding ImageCafe.com during the dot-com boom and selling it to Network Solutions/Verisign for $23 million. An advisor to Asurvest, he now resides in Silicon Valley and will launch a new company, Progressly Inc., in the middle of this year. 

Crowdfunding is in its infancy, but growing rapidly. Recent federal legislation makes it permissible for private individuals to invest in crowdfunding platforms.
 
With that, however, comes a tremendous need for assurance that even small investors who spend $1,500 or $2,000 feel comfortable. "We seek to fill that need and to protect them from risk,” says Cooper.
 
Based on its proprietary statistical and risk management models, Asurvest says that it can accurately quantify certain kinds of business risks. It will provide default risk insurance at premiums that range from two to 20 percent of the initial investment. The founders haven't decided yet whether Asurvest would underwrite or broker the insurance policies.

Cooper says the company is still working out how it would operate for an investor. "There will be a cost for the investor, depending on the investment profile," he says.
 
Despite the federal legislation, states have their own regulations and Asurvest has to be licensed in each. Cooper is currently working with the state of Maine to draft legislation. He says the founders chose Maine as the starting state because it has a business-oriented regulatory environment.
 
He expects to get approval from Maine within the next few months. He will then turn his attention to Maryland, working with the Maryland Insurance Administration on the appropriate applications.
 
After Maryland, he says Asurvest “will look at where investors are coming from, what parts of the country, and pursue licensing in those states.”
 

Source: Luke Cooper, Asurvest
Writer: Barbara Pash