7 05, 2020

TEDCO’s Seed Fund made two new investments in local startups

By |2020-05-07T09:27:02+00:00May 7th, 2020|Maryland, State or Government|0 Comments

Following a few months of organizational uncertainty — and despite an ongoing global crisis — Maryland Technology Development Corporation (TEDCO)’s Seed Fund is back to making investments in local startups. Bethesda, Maryland’s NewConnect and Baltimore’s BullFrog AI each received a $200,000 investment from the Columbia, Maryland-based fund last month. Launched in 2013, NewConnect provides high-speed internet access to commercial buildings and enterprises [...]

9 01, 2020

TEDCO’s Maryland Innovation Initiative Infuses $2.63M in New Round of Projects

By |2020-01-09T09:36:10+00:00January 9th, 2020|Maryland, New Investments/Awards, State or Government|0 Comments

COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announced its recent round of funding for select projects through the Maryland Innovation Initiative (MII). This round of funding includes project grants for technology assessment and investments in the spin-out companies, from its five partner universities for a total of $2.63M. Established in 2012, the MII program was created [...]

21 11, 2019

Supercharging Student Startups

By |2019-11-21T08:48:25+00:00November 21st, 2019|Maryland, Student Funds|0 Comments

Student startups that aim to give fashion aficionados their own virtual runway and to improve students’ memory of what they’ve learned were selected as the inaugural winners of $20,000 in seed funding through a new program at the Dingman Center for Entrepreneurship. Terp Startup Fellows is launching this week with two student companies: Savvy Tech and [...]

7 11, 2019

Minnowtech raises $600K seed round, supported by U Maryland Momentum Fund

By |2019-11-07T06:17:17+00:00November 7th, 2019|Maryland, Venture Fund|0 Comments

Aquaculture tech company Minnowtech closed on $600,000 in seed financing with an eye on bringing its system for imaging shrimp to the Southeast Asian market. The round included a $150,000 joint investment from the Maryland Momentum Fund, which is the venture fund of the University System of Maryland, and the University of Maryland Center for Environmental Science (UMCES). The HATCH Aquaculture Accelerator participated, [...]

29 08, 2019

Healthcare startup Gemstone Biotherapeutics gets Maryland Momentum Fund $250K investment 

By |2019-08-29T09:51:26+00:00August 29th, 2019|Maryland, Startup Fund|0 Comments

Baltimore-based Gemstone Therapeutics has received $250,000 in a new investment from the Maryland Momentum Fund. The investment from the fund, which was created by the University System of Maryland to support startups created by students, faculty, alums and other affiliates, is part of a new funding round for Gemstone, according to the fund. Gemstone CEO Emily English earned a bachelor’s degree from [...]

21 08, 2019

TEDCO’s Maryland Innovation Initiative Fund Continues to Deliver Substantial Impact for Maryland Biohealth Companies

By |2019-08-21T14:21:49+00:00August 21st, 2019|Maryland, State or Government|0 Comments

The Maryland Technology Development Corporation’s (TEDCO) Maryland Innovation Initiative (MII), a program designed to propel research from partner universities towards commercialization, has had a strong, demonstrable impact on many important life science portfolio companies in the BioHealth Capital Region (BHCR). AsclepiX Therapeutics, Inc., Neuraly/Theraly, NextStep Robotics, Sonavex and Coaptechare just a handful of the latest MII program success stories having achieved [...]

1 08, 2019

Maryland Energy Innovation Accelerator launched to advance clean energy adoption

By |2019-08-01T09:58:43+00:00August 1st, 2019|Maryland, State or Government|0 Comments

With the recent launch of the Maryland Energy Innovation Accelerator (MEIA), the Maryland Clean Energy Center (MCEC) is poised to deliver on its mission of assisting energy related research and technology efforts to commercialize and move to market. MEIA plans to take clean tech from bench to business. MEIA aims to facilitate early-stage technology commercialization [...]

16 05, 2019

Maryland TEDCO awards $6.6M in stem cell funding to 24 researchers, startups 

By |2019-05-16T07:23:35+00:00May 16th, 2019|Maryland, State or Government|0 Comments

Maryland Technology Development Corp. has doled out $6.6 million in funding awards to companies and researchers working on stem cell products and medical therapies. The funds were awarded to 24 separate projects through the state's Stem Cell Research Fund. The fund has a budget of $8.2 million in the 2019 fiscal year. This is the second round [...]

8 03, 2019

Maryland TEDCO Generates $1.6 Billion in Economic Benefits to the State of Maryland and Supports 7,746 Maryland Jobs

By |2019-03-08T09:41:07+00:00March 8th, 2019|Maryland, State or Government|0 Comments

The Maryland Technology Development Corporation (TEDCO), Maryland's economic engine for technology companies, announced today the findings of an independent economic impact study detailing the economic development contributions of TEDCO's five core programs to the state of Maryland. Conducted by Richard Clinch of the University of Baltimore's Jacob France Institute and Mitch Horowitz of TEConomy Partners (JFI-TEConomy), the study found that TEDCO is a significant [...]

27 02, 2019

Maryland ‘TEDCO 2.0’ comes into focus 

By |2019-02-27T09:28:22+00:00February 27th, 2019|Maryland, State or Government|0 Comments

TEDCO made a series of promotions and hiring moves as the state’s quasi-public organization backing early-stage companies looks to rework the programs it offers to help entrepreneurs. The latest announcement hones in on themes that recently-hired CEO George Davis touched on in announcing “TEDCO 2.0” at the organization’s Entrepreneur Expo in Baltimore last fall. Davis, who was an entrepreneur and [...]