The Maryland Department of Business and Economic Development (DBED), the Maryland Technology Development Corporation (TEDCO), RSM McGladrey, Inc., and Saul Ewing LLP have announced the 21 finalists for the 8th annual Maryland Incubator Company of the Year Awards. The awards recognize the achievements of current and graduate companies within Maryland's incubators.

The finalists for the 2008 ICOY Awards come from all over the state and represent a diverse cross-section of technologies and services. A new category -- Best Homeland Security Company -- has been added to the awards program in 2008, and one incubator graduate company will be inducted into the Maryland Incubator Company “Hall of Fame.”

The Award Recipients will be announced at a ceremony at the Center Club in Baltimore on June 10, 2008.

Best New Incubator Company

Best Life Science Company

Biomedica Management Corporation - Techcenter@UMBC
Integrated BioTherapeutics, Inc. - Frederick Innovative Technology Center Inc.
Neogenix Oncology, Inc. - Shady Grove Innovation Center

Best Information Technology Company

Exponential Storage - Chesapeake Innovation Center
Millennial Media, Inc. - Emerging Technology Center
Synaptic Science LLC - Rockville Innovation Center

Best Technology Service Company

Amethyst Technologies, LLC - Techcenter@UMBC
Audacious Inquiry, LLC - NeoTech Incubator
Government Contracts Consultants - Garrett Information Enterprise Center

Best Technology Transfer Company

Applied Sensor Research & Development Corporation - Emerging Technology Center
Bartron Medical Imaging, Inc. - Technology Assistance Center
Zymetis, Inc. - Technology Advancement Program

Best Homeland Security Company

Instant Access Networks, LLC - Tawes Science/Technology Incubator
Soteria Network Technologies - Emerging Technology Center
TRX Systems, Inc. - Technology Advancement Program

Best Graduate Company

A&G Pharmaceutical, Inc. - Emerging Technology Center
PharmAthene, Inc. - Chesapeake Innovation Center
Lentigen Corporation - Techcenter@UMBC

Hall of Fame

This year's awards also will mark the successful growth and achievements of one incubator graduate company that will be inducted into the Maryland Incubator Company "Hall of Fame." The company will be announced at the awards ceremony in June.