TowsonGlobal, Towson University’s business incubator, has announced the five finalists of its fourth annual Business Plan Competition.
This unique program is designed to encourage growth and innovation of area startup companies and student ventures by providing them with integral mentorship, feedback and networking opportunities. The grand prize winner gets a complimentary incubator membership and cash prize.
From nearly 30 entries, the five finalists include two Towson student businesses and one co-founded by a Towson alumnus:
• All Real Concepts–New line of winter apparel utilizing NASA-developed technology to deliver improved performance in frigid temperatures
• Random Repairs–Self-service garage providing tools, machines and lifts for customer use
• Zero Gravity Creations–Custom glass and metal fusion shop specializing in Magmabond technology
Two finalists are non-TU business owners:
• Rehabtics–Maryland-based startup company developing a software system for physical rehabilitation using motion-controlled video games for use both in institutions and at home
• Tutela Bedside Technologies, LLC–Early stage medical device company dedicated to the development of interactive patient engagement software to help hospitals engage remote caregivers in patient care
“It is inspiring to see the talent that lives within the region and TU community,” said Stephanie Chin, incubator program coordinator. “I am confident that these five finalists will continue making strides and contributing to our local economy, and we look forward to helping these entrepreneurs however we can.”
The five finalists will present their ideas to a panel of distinguished judges, and the winner of the competition will be announced at a public forum at Towson University on May 1, 2014.
Entry in the yearly competition is open to anyone in the Baltimore-Washington, D.C. region with a business in either pre-startup or early stages. Those receiving institutional investment from venture capital firms or related professional investors are not eligible.