Bowie & Jensen lawyers work with many entrepreneurs that seek financing, grants and other forms of investment necessary to start and operate a new business. A new opportunity is presented to entrepreneurs to receive up to $100,000 under a State created investment challenge.
This State of Maryland “Invest Maryland Challenge” is providing $300,000, in $100,000 amounts to each of 3 top to qualified applicants in the following areas: IT Hardware and Software, Life Science and General (open nationally). Start-ups must have fewer than 25 employees and annual revenues of less than $1 million. The competition is for independent ventures in the seed, start-up, or early-growth stages. The company must be a duly-organized legal entity and in good standing with the state in which they are legally registered. Sole proprietorships are not eligible. Existing Maryland ventures must have a principal place of business in Maryland. Non-Maryland ventures are expected to establish a place of business in the state either through acquired space or a state incubator.
For more information and to obtain an application for submission, see http://investmarylandchallenge.org/. We encourage our qualified clients and others to consider applying for this financing opportunity.