18 Maryland Companies Receive ExportMD Grants
Maryland Commerce program helps companies promote goods, services globally
BALTIMORE, MD (July 26, 2018) – The Maryland Department of Commerce has awarded 18 small and mid-sized Maryland companies with ExportMD grants to help promote their products and services in the global marketplace. The ExportMD grant program helps businesses finance the costs of marketing internationally, including trade show fees, brochures, and travel expenses. Applications are accepted on a monthly basis and the next application deadline is August 1, 2018. Eligibility requirements can be found on the Commerce website.
“Through the ExportMD program, we have been able to introduce hundreds of Maryland companies to new partners and customers around the world, helping them to grow their business, increase revenues, and create new jobs,” said Governor Larry Hogan. “Programs like these are critical to giving our small businesses new avenues for trade and investment, and ensuring our state remains open for business.”
“ExportMD has been one of most popular programs, and is a big part of the success of many of our small and mid-sized companies,” said Maryland Commerce Secretary Mike Gill. “The financial assistance as well as the guidance offered by Maryland Office of International Investment and Trade is invaluable to companies looking to grow their customer base in the global market.”
Among the companies receiving an ExportMD grant is Rockville-based Inky Technology Corporation, a leader in email protection whose anti-phishing solution – Inky Phish Fence – uses machine learning, artificial intelligence, and computer vision to prevent phishing attacks. The company recently used its grant to travel overseas to Infosecurity Europe 2018, a leading information security conference that attracts nearly 20,000 attendees from across the globe.
“Being part of the Maryland delegation at Infosecurity Europe really helped us stand out, network with prospects, and meet more Maryland cyber companies. We have learned from each other,” said Dave Baggett, CEO of Inky. “The U.K. market is new to us, so it was helpful to learn about different opportunities and partnerships from other Maryland companies.”
Established in 1999, the ExportMD program provides matching grants up to $5,000 from Commerce’s Office of International Investment and Trade. ExportMD is funded in part through a Cooperative Agreement with the U.S. Small Business Administration, which has awarded multiple State Trade Expansion Program (STEP) grants to Maryland Commerce to help fund the program.
April-June 2018 ExportMD grant recipients
Anne Arundel County
South River Technologies, Inc.
Rovner Products Inc.
Vision Planning and Consulting, LLC
Amarex Clinical Research, LLC
Clinical Research Marketing
Inky Technology Corporation
Kolon TissueGene, Inc.
Rife International, LLC
Speak Agent, Inc.
Stress Indicators Inc.
Prince George’s County
Untethered Labs, Inc.
About Maryland Commerce
The Maryland Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit commerce.maryland.gov.