BALTIMORE - Maryland officials have announced a $300,000 investment in two start- up companies through the state's InvestMaryland initiative.
The Maryland Department of Business and Economic Development said Thursday that Plasmonix will receive $100,000. Bambeco, which received $400,000 in InvestMaryland funds last month, will receive $200,000.
InvestMaryland was created last year to help innovative companies get started in the state. Maryland has raised $84 million for the venture capital initiative through an online auction of tax credits to Maryland insurance companies.
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