Towson University’s business incubator, TowsonGlobal,has announced the winner of its fourth annual Business Plan Competition.
Rehabtics, a Maryland-based start-up, was chosen during the competition’s public forum event on Thursday, May 1. The young company is developing a software system for physical rehabilitation using motion-controlled video games, intended for use both in homes and institutions.
The annual competition is designed to encourage growth and innovation of area startup companies and student ventures by providing them with integral mentorship, feedback and networking opportunities. Entry 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.
As the grand prize winner, Rehabtics will receive a complimentary incubator membership and a cash prize.
The company was chosen from a group of five finalists that also included:
- All Real Concepts – A new line of winter apparel utilizing NASA-developed technology to improve performance in frigid temperatures
- Random Repairs – A self-service garage providing tools, machines and lifts for customer use
- Tutela Bedside Technologies LLC – An early-stage medical device company developing interactive patient engagement software to help hospitals engage with remote caregivers in patient care
- Zero Gravity Creations – A custom glass and metal fusion shop specializing in Magmabond technology
“This year’s competition showcased some of the great talent that this area houses, and our incubator is constantly searching for ways to nurture local talent,” says Stephanie Chin, program coordinator for TowsonGlobal.
“We received an overwhelming response from this community of entrepreneurs, business professionals and students. I am especially pleased with the 40-percent student participation we received in round one of the competition, the majority of which were Towson University undergraduates.”
