# Maryland Department of Business and Economic Development

> Maryland Department of Business and Economic Development is a VC fund backing Biotechnology. See 28 investments, check sizes, portfolio and contact details…

- Type: VC Fund
- Location: Baltimore, United States
- Total investments: 28
- Last investment: May 2020
- Lead investor: 7%
- Last updated: Aug 2026
- Website: http://www.choosemaryland.com

Maryland Department of Business and Economic Development is a VC fund in Baltimore focused on Biotechnology and Software. ChooseMaryland is the web site for the Maryland Department of Business and Economic Development. Here you will find information about Maryland's outstanding business climate, as well as programs available to both small and large companies to ensure their success. It also includes information on financing, workforce training, exporting, tradeand small and minority business assistance.The department's mission is simple: to attract new businesses, stimulate private investment and create jobs, encourage the expansion and retention of existing companies and provide businesses in Maryland with workforce training and financial assistance. The department promotes the state's many economic advantages and markets local products and services at home and abroad to spur development, international trade and tourism. Because they are a major economic generator for the state, the department also supports the arts, film production, sports and other special events.The department continues to build on the state's prosperity by promoting its positive business climate and outstanding quality of life. In addition, DBED will ensure that all areas of the state share equally in its prosperity and will continue to promote Maryland as a leader in the New Economy.

## Contacts

5 contacts available for Maryland Department of Business and Economic Development. Shizune tracks 8 team members at Maryland Department of Business and Economic Development. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/maryland-department-of-business-and-economic-development?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 9 | 32% |
| Software | 6 | 21% |
| Health Care | 5 | 18% |
| Medical Device | 4 | 14% |
| Information Technology | 4 | 14% |

35 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 8 | 29% |
| Series A | 7 | 25% |
| Funding Round | 4 | 14% |
| Grant | 3 | 11% |
| Series C | 3 | 11% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 18 | 64% |
| Israel | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Clarence Bishop | Deputy Secretary | 0 | — |
| C. Robert Eaton | President | 0 | — |
| David Edgerley | Secretary | 0 | — |
| Dominick Murray | Secretary | 0 | — |
| Julie Coons | President | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Pet Connect Business® | Pet Connect Business is a digital management system for pet service providers. We make it simple and affordable for pet service providers to implement and manage branded websites, mobile apps, online bookings, client marketing, mobile payments, online forms, and more without any coding, no developer involvement, and without any technical experiencerequired. | $750K | Pre-Seed | May 01, 2020 |  |
| Link Labs | Link Labs offers an end-to-end IoT platform for tagging, locating, and monitoring equipment, supplies, and assets.Link Labs was founded in 2014 by a group of veteran engineers from the Johns Hopkins University Applied Physics Lab. The company today is trusted by top global enterprises for their essential IoT solutions and has deployed hundreds ofthousands of IoT devices, managing billions of IoT events each month. Link Labs is based in Annapolis, Md., and holds more than 20 patents on its technological innovations. Our flagship product offering, AirFinder makes locating and monitoring anything, anywhere easy, affordable, and impactful. AirFinder breaks the compromise between solution cost and performance. AirFinder achieves this through the seamless integration of breakthrough intelligent RFID and low-power IoT network technologies. | $5.7M | Series A | Aug 23, 2015 |  |
| Mobile System 7 | Mobile System 7 is an enterprise security company led by former Intelligence Community professionals. Mobile System 7's product, Interlock, protects enterprise data from unauthorized access and malicious attacks. Most enterprise security solutions rely on securing the endpoint. In contrast, Interlock monitors and protects what's trulyimportant to the enterprise - access to data and services. Interlock combines the power of analytics and real time access controls to protect enterprise data. | $400K | Grant | Jun 17, 2014 |  |
| TRX Systems | TRX Systems, Inc. is the developer of NEON, an indoor location system that delivers precise, infrastructure free tracking of personnel inside buildings where GPS is not available and in outdoor urban centers where GPS is unreliable. NEON greatly improves situational awareness and command effectiveness through the use of advanced sensor fusion,time of flight ranging, and mapping algorithms that deliver precise, real time location of personnel in GPS-denied locations. | $2M | Series A | Nov 12, 2012 |  |
| Zymetis | Zymetis recently announced that it was named to the 2009 GoingGreen East 50 Top Company List. The GoingGreen East 50 Award is given to private, emerging companies creating new green technology businesses.Zymetis, founded in 2006 by Dr. Steve Hutcheson of University of Maryland, is a biotechnology company working to produce affordable"next-generation transportation fuels." Currently the Zymetis products are developed from novel enzymes that hope to achieve lower costs and improve yields and efficiencies. | $1.5M | Grant | Jan 31, 2010 |  |
| ClassifEye | ClassifEye produces a secure fingerprint authentication technology. ClassifEye has incorporated a comprehensive software solution, based on existing cell-phone cameras. This enables fast and easy deployment of identity management solutions for mobile markets at a fraction of the cost of comparative authentication techniques. No biometric sensorsand no extra hardware are needed. A simple application download for existing phones makes ClassifEye's solution a winning step towards securing electronic transactions and increasing revenues. | $330K | Series B | Jun 10, 2008 |  |
| My Ad Box | My Ad Box attempts to create a process that would protect the privacy of classified advertisers while offering 24/7 contact for respondents to their ads. In June 2005, Stinnie and co-founder, Joe Hudson, launched My Ad Box - a dedicated, disposable phone number and email address that collects all responses related to an ad - without intrudingon the rest of the advertiser's life. Customers can respond any time, while advertisers can store messages and retrieve them from one handy location - their My Ad Box account. MAB products are currently being sold by newspapers across the country, from the mid-Atlantic to Colorado, and even Canada. MAB's innovative concept has been covered nationally in television news reports and business publications. The system is easy to use, efficiently designed and an effective way to meet the demands of the modern classified customer while limiting the distractions, dead-ends and potential intrusions that can come from revealing direct personal information in an ad. | $50K |  | Jun 01, 2008 |  |
| Innovative Biosensors | Innovative Biosensors' technology is built upon a foundation of a genetically engineered biosensor that allows for extremely rapid testing of analytes, providing high levels of sensitivity and specificity. The patented, self-contained biosensor system is capable of generating a sensitive and specific result with minimal amount of reagents inminutes, making it a cost-effective alternative to traditional laboratory testing.In addition, the biosensors can be engineered to detect one target or several targets of interest simultaneously and used to perform a wide variety of bioassays. Designed for real-time detection, minimally-skilled personnel can perform tests and analysis at the site of sampling using small, portable, space-saving instrumentation | $9.5M |  | May 01, 2008 |  |
| NeuroNascent | Neuronascent discovers and develops first-in-class, small-molecule therapeutics, based on the science of neurogenesis, that target depression, neurodegenerative diseases, including Alzheimer's and Parkinson's, and Down syndrome. The Company is headquartered in Clarksville, MD and has facilities in Rockville and Walkersville, MD. | $50K | Grant | Jan 23, 2008 |  |
| Zenoss | Zenoss works with the world's largest organizations to ensure their IT services and applications are always on. As the leader in software-defined IT operations, Zenoss uniquely collects all types of machine data to build real-time IT service models that train machine learning algorithms to predict and eliminate outages in hybrid ITenvironments, dramatically reducing downtime and IT spend. https://www.zenoss.com | $11M | Series B | Jan 22, 2008 |  |

10 of 28 investments shown.

## Co-investors
- Anthem Capital Management — VC Fund, 4 deals together
- Early Stage Enterprises — VC Fund, 3 deals together
- [Alliance Technology Ventures](https://shizune.co/investors/profile/alliance-technology-ventures) — VC Fund, 2 deals together
- [Boulder Ventures](https://shizune.co/investors/profile/boulder-ventures) — VC Fund, 2 deals together
- [Intersouth Partners](https://shizune.co/investors/profile/intersouth-partners) — VC Fund, 2 deals together
- [JK&B Capital](https://shizune.co/investors/profile/jk-b-capital) — VC Fund, 2 deals together

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## FAQ

### What does Maryland Department of Business and Economic Development invest in?

Maryland Department of Business and Economic Development invests primarily in Biotechnology, Software and Health Care startups, most often at Series B and Series A stage. Most of the 28 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Maryland Department of Business and Economic Development?

Public channels for Maryland Department of Business and Economic Development include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Maryland Department of Business and Economic Development?

The team at Maryland Department of Business and Economic Development includes Clarence Bishop (Deputy Secretary), C. Robert Eaton (President) and David Edgerley (Secretary), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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