15 tech companies receive $1.1 million in state startup grants

August 31, 2010|By Gus G. Sentementes, The Baltimore Sun

Maryland's Technology Development Corp., an independent state agency that funds growth of technology businesses, said Tuesday it has awarded $1.1 million to 15 Maryland startup companies.

Each company received about $75,000 as part of a program designed to foster the transfer of research and technology from state universities and federal labs to the marketplace. The technologies include clean-energy transmission, medical devices and therapeutic drugs.

Six of the companies are based in Baltimore: Amidus LLC, Cognapse LLC, Pearl LifeScience Partners LLC, Plasmonix Inc., Quantum Medical Metrics LLC and SAJE Pharma LLC.

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