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Mtech Announces Winners of the 2011 University of Maryland $75K Business Plan Competition
Date:5/9/2011

t interest and first customers, and proceed with her company.

Advanced Suture Device for Scarless Wound Healing won first place and $10,000 in the undergraduate division. The company, whose team is comprised of mechanical engineering undergraduate student Jin Xiao, economics major Sharon Liu and Yang Tao, biological resources engineering professor and director of the Bio-imaging and Machine Vision Laboratory, is developing a novel wound closure device that does not leave scars.

Trade Assurance International won second place and $5,000 in the undergraduate category. The company, led by finance major and Hinman CEO Program student Daniel Sperling-Horowitz, civil engineering major and Hinman CEOs Program student Sam Winter and David Wortman, is developing a high-definition video platform to mitigate trade risk for the international B2B trade and procurement industry.

HemeCentric, a company developing anti-parasite drugs and iron supplements based upon groundbreaking discoveries in heme biology and iron regulation, won the $15,000 Warren Citrin Social Impact Award. HemeCentric's team includes animal and avian sciences professor Iqbal Hamza, Gregory J. Feulner and Steven L. Hubert.

All of the competition winners are eligible for one free year in Mtech's TERP Startup Laboratory, a program designed for entrepreneurs who need a place to quickly develop technology prototypes and get some help in starting their companies.

"Our business plan competition has always followed a proven formula for success: innovative technologies that can significantly impact and improve society, critical seed funding, and expert mentoring from successful serial entrepreneurs," says Dean Chang, director of Mtech's venture programs and director of the Technology Advancement Program. "The new partnerships with Lockheed Martin, the Maryla
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SOURCE Maryland Technology Enterprise Institute
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