Seven entrepreneurial businesses honored at 2014 ICOY Awards

Maryland’s spirit of innovation and support for emerging businesses was celebrated on June 10, 2014 at the Incubator Company of the Year (ICOY) Awards.  The event, held at the American Visionary Art Museum in Baltimore, brought together entrepreneurs with the managers and executives from the state’s business incubators who support them to honor 22 finalists in seven categories representing several industries and stages of business growth.  To watch a video report on the event from the Baltimore Sun, please click here.

Keynote speaker Greg Cangialosi, CEO of Mission Tix and co-founder of Betamore, said in the 14 years since ICOY was launched, Maryland’s business climate has evolved dramatically.  The growth of incubators and accelerators, the increasingly availability of early stage capital, and the backing of state government and institutions supporting workforce development are fueling the momentum, he said.

The key to sustaining this success, Cangialosi said, is for entrepreneurs who have succeeded to give back to the community that helped them establish their businesses.

Gianna Arnold, vice chair of Saul Ewing’s Life Sciences Practice and a partner in the Intellectual Property & Technology Practice, and John Fortin of Lonza announced the following winners:

  • Rehabtics LLC, a healthcare IT start-up, in the Life Sciences Companies category.  The other finalists were CellPath Therapeutics Inc. and Vasoptic Medical, Inc.
  • Ntensify, a provider of a branded merchandise store in-app for mobile game and app developers, in the Consumer Tech & Technology Services Companies category.  The other finalists were ASET Partners, Foodem.com and Wham City Lights. 
  • Light Point Security, a nationally-recognized cybersecurity company and a pioneer in isolation-based security, in the Security category.  The other finalists were Integrata Security and iWebGate.
  • Citelighter Inc., a research and writing platform that helps students think critically, in the Education Technology Companies category.  The other finalists were An Estuary and Immersive 3D LLC.
  • SOL VISTA, a service to help commercial businesses cut utility expenses, in the Environment/Energy Companies category.  The other finalists were Altenera Technology Inc. and Mosaic Power.
  • Allovue, an educational resource planning platform, in the New Incubator Companies category.  The other finalists were Mycolnnovation, LLC and RoosterBio Inc.
  • KEFFA Coffee, an importer of Specialty-Grade coffees, in the Graduate Companies category.  The other finalists were Creatv MicroTech, Inc. and Sales Warp.

Eric Orlinsky, chair of Saul Ewing’s Corporate and Private Equity/Venture Capital practices,  also announced that venture capitalist Frank A. Bonsal, Jr. was the winner of the Robert A. Spar Hall of Fame Award.

A committee of industry leaders,  early-stage investors and Saul Ewing attorneys were among those who selected the finalists and winners from among current and graduate companies within Maryland’s incubators.