We are excited to announce that Light Point Security has advanced to Round 2 of the InvestMaryland Challenge. The InvestMaryland Challenge is a business competition hosted by the State of Maryland. They will select one winner from each of the three categories (IT Hardware & Software, Life Science and General), and each winner will receive $100,000. The Challenge will also give away a host of other prizes, like grants in specific areas, incubator space and professional services.
A total of 259 companies applied to the Challenge. In Round 1, they narrowed the field to about 20 companies per category, and Light Point Security was selected as one of the top 20 companies in the IT Hardware & Software category. For Round 2, we were asked to submit a business plan. A few of the Round 2 companies will advance to Round 3, where the winners will be selected.
There are a lot of good companies in the running, and we are proud to be among them. Good luck to all the finalists!