CONGRATULATIONS!

With great pleasure and excitement, we announce this year’s Maryland Commercialization Impact Grant (MCIG) Awardees. WE CONGRATULATE YOU ALL!

 

The Maryland Business Innovation Association  (MBIA) and TEDCO are thrilled to announce the FY’25 Maryland Commercialization Impact Grant (MCIG) Awardees. This year, 14 exceptional companies from across Maryland have been selected to receive $10,000 grants to help them actively commercialize innovative, in-demand products and technologies. Congratulations to all the awardees on reaching this important milestone!

The MCIG FY 2025 awardees, organized below by supporting Entrepreneurial Support Organizations (listed alphabetically), are as follows:

BioHealth Innovation

Linshom Medical

 

Harbor Designs & Manufacturing

Richualist

Total Home Physical Therapy in a Bag, LLC

 

Loyola University Center for Innovation & Entrepreneurship

SpringWear

Unicorn and Woodsman LLC/FutureMakers

 

Maryland Energy Innovation Accelerator

Alchemity

DataWisdom LLC DBA Enerytics

Floraponics

HighT-Tech, Inc

JJ Innovative Materials Inc.

OASIS Energy Partners

 

Montgomery County Business Innovation Network

LEGIT (LEnsGuide Imaging Technology Inc.)

Main Engineering LLC

 

Towson University StarTUp

Pirl Technology, Inc.

 

Established in 2007 as the Business Assistance Fund in partnership with MBIA, the grant program has evolved significantly over the past 18 years. Today, the MCIG program stands as a cornerstone of Maryland’s innovation ecosystem, providing critical support at the commercialization tipping point for promising ventures. This evolution reflects our long-standing commitment to breaking down barriers and amplifying the success of Maryland’s entrepreneurs.

“The demand has been tremendous, and the quality of the ventures is strong,” said Hakim Dyer, MBIA’s Interim Executive Director. “I congratulate our Entrepreneurial Support Organization members for bringing forth innovators whose work exemplifies Maryland excellence.” TEDCO CEO Troy LeMaile-Stovall also emphasized the program’s impact, highlighting the promising future for Maryland’s innovation landscape and the continued growth we expect to see from these ventures.

The selection process for the MCIG program is highly competitive. Out of 41 applications received this cycle, a rigorous review ensured that only those companies with the greatest potential for impactful commercialization were chosen. The awardees are organized by their supporting Entrepreneurial Support Organizations, which have played a pivotal role in fostering Maryland’s entrepreneurial spirit. MBIA and TEDCO remain dedicated to nurturing Maryland’s innovation ecosystem. As these ventures embark on their commercialization journeys, the grants serve as a catalyst for growth, innovation, and economic development statewide.

For more information about the MCIG program, upcoming funding cycles, or how to get involved with MBIA, please contact us at hello@mdinnovate.org or visit mdinnovate.org. Stay connected and watch as Maryland’s entrepreneurs continue to drive change and success across the state.