The 2012 Maryland Incubator Company of the Year Awards publicly recognizes achievements by current clients and graduates of Maryland incubators and provides a forum for the nominees to increase their visibility in the business, technology and investment communities.

Business incubators support new and early-stage businesses in Maryland. In 1986, the first public incubator was established at the University of Maryland in College Park. Recognizing the economic challenges facing new companies, business incubators are facilities that provide reasonable market rents, shared services and technical assistance to start-ups and early-stage companies, including manufacturing, biotech, service and technology firms. Sponsors may be private developers, community development of incubators corporations, public agencies, and universities.

Sponsored by The Maryland Technology Development Corporation (TEDCO), McGladrey, Maryland Department of Business & Economic Development (Maryland DBED), and Saul Ewing LLP, the ICOY awards are chosen in several categories by a selection committee of regional industry leaders and early-stage investors. Award recipients benefit from publicity and gain greater credibility in the business, technology, and investment communities.