ABOUT THE MDBIC

The Maryland Business Innovation Association and Maryland Department of Commerce joined together to create an “Ecosystem Development” platform that connects the innovation community and Maryland’s corporate community, to solve real-time business challenges.  

The Maryland Business Innovation Challenge (MDBIC)  is being launched to activate that vision with a statewide collaborative mechanism which embraces and promotes “Open Innovation.”    

By design, the Challenge Platform will facilitate deliberate connections, bring forward business opportunities, and raise the awareness of the breadth of innovation in our region.  The goal of this program is to accelerate innovation, build and grow stronger, more competitive companies, elevate our talent, attract investors, and create more jobs and provide opportunity for all stakeholders.

How the Challenge Works

VISIONARY PARTNERS & SPONSORS

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HOW THE CHALLENGE WORKS

The Maryland Business Innovation Challenge is an initiative to promote innovation and jumpstart successful business relationships

Corporate Challenges

Corporations provide Challenge Statements that describe real-time business problems. Challenges will be presented during the Virtual Release Week in January with formal statements and an interactive Q&A period.

Identify Solutions

Challenge Responders, comprised of Maryland’s innovation community, submit their solutions in the form of a short abstract or proposal, video and executive statement.

Celebration of Outcomes

Corporations review submissions and make selections. Winners will be announced and celebrated at the May 20, 2021 Maryland Business Innovation Challenge Celebration.

Professional Growth

Participating Challenge Respondents will benefit from new professional relationships, customer feedback, market exposure, and ultimately unique and valuable business opportunities.

JOIN THE CHALLENGE

Find out more about sponsorships and how to get involved.

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