Top incubator companies honored

Baltimore Business Journal

Two of Greater Baltimore’s most closely watched life sciences startups — Alba Therapeutics and Profectus Biosciences — have been honored for their ties to business incubators in the state.

The Maryland Incubator Companies of the Year Awards were presented Tuesday night, and the firms chosen for recognition are developing everything from HIV treatments to software to ways to use nanotechnology to manufacture semiconductors.

The awards are sponsored by the Maryland Department of Business and Economic Development, the Maryland Technology Development Corp.,RSM McGladrey Inc. and Saul Ewing LLP.

Six current and graduate companies and a Hall of Fame inductee were singled out by the judging panel of venture capitalists, government officials and business leaders.

The awards spotlight Maryland’s emerging high-tech companies and underscore the role incubators play in boosting the state’s reputation as home to industry-leading companies, said Grotech Capital Group Managing General Partner Frank A. Adams in a statement.

The winners include:

  • Alba Therapeutics, which calls Baltimore’s Emerging Technology Center in Canton home, for top life sciences company.
  • Profectus Biosciences, based at the University of Maryland, Baltimore County’s technology incubator, for best tech transfer company. The company’s HIV drugs in development are based on research done at the Institute of Human Virology, run by Dr. Robert Gallo.
  • CenGen Inc., a startup at Howard County’s NeoTech incubator developing communications tools for public safety organizations and so-called first responders.
  • Pixelligent Technologies LLC, named best new incubator company for its work with nanotechnology and semiconductors.

NexTone Communications was honored as an incubator graduate. The Montgomery County company develops products for Internet telephone services. Martek Biosciences, which graduated from the incubator at the University of Maryland’s College Park campus, was given a Hall of Fame nod.

June 14, 2006

Baltimore Business Journal

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