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Recent TEDCO News

Sonavex Closes Oversubscribed Series A, Adds Two Industry Veterans to Board
Baltimore, MD (April 24, 2017) – Sonavex, Inc., a privately held medical device company dedicated to improving surgical patient outcomes with point-of-care imaging technologies, announced that it received $3 million in recent financing, including the $2.2M first close of its Series A round.

Entrepreneurship showcase accelerates public-private collaboration to support a sustainable economy
Today, local entrepreneurs and federal researchers gathered at the National Institute of Standards and Technology (NIST) to explore technology commercialization and cooperative R&D projects.

Leadership Maryland Announces 2017 Officers and Directors
Pamela Ruff, John Wasilisin, Derryck Fletcher, Sean Looney, and Susan Simmons join board of directors

Announcing the 2017 Maryland Cybersecurity Award Winners 
On Wednesday, March 22nd, the nonprofit Cybersecurity Association of Maryland, Inc. (CAMI), in partnership with PNC Bank and Point3 Security, hosted the inaugural Maryland Cybersecurity Awards Celebration.

The Daily Record: Md.-based startups sweep finals at national competition
Maryland startups made waves on a national stage this week, with all four finalists at the Association of University Technology Managers business plan competition coming from the state.

The Daily Record: TEDCO announces funding for five startups
Five companies have received funding through the Maryland Technology Development Corporation’s (TEDCO) Seed Investment funds.

Next City: Maryland Fund Offers Startup Help to Minority Entrepreneurs
Over the course of four quarterly rounds over the next year, the new Minority Business Pre-Seed fund will award up to 10 African-American entrepreneurs with an investment up to $40,000 each to test business assumptions and build prototypes for initial market testing.

The Daily Record: Brian Corbett joins TEDCO
Brian Corbett has joined TEDCO as director of seed investment funds. Corbett is responsible for the day-to-day operations of its seed investment funds and the management of the portfolio companies.

Baltimore citybizlist: 7 Reasons to Believe in Baltimore’s Startup Economy
State support for innovation is working. From the biotech and cyber security tax credits given to angel investors of Maryland-based companies, to the Maryland Venture Fund to TEDCO, the state has played a critical role in providing much needed funding for all stages of technology commercialization.

Baltimore Business Journal: College Park startup wants to simplify all the passwords you need to remember
Untethered, which launched nearly two years ago, is backed by over $575,000 in seed funding. Last year, it received $100,000 from the state-backed Maryland Technology Development Corp.

Baltimore citybizlist: Designing Innovation Districts to Benefit Everyone
The key to innovation districts is to drive not only growth of favored business sectors (for Baltimore, cyber, health care, ed-tech…) but to do so in a way that includes advancement for the economically disadvantaged.

Johns Hopkins Medicine, Maryland Stem Cell Research Fund and BioCardia Announce First Patient Treated with CardiAMP Cell Therapy for Ischemic Heart Failure in Phase III Clinical Trial
The investigational CardiAMP therapy is designed to deliver a high dose of a patient’s own bone marrow cells directly to the point of cardiac dysfunction, potentially stimulating the body’s natural healing mechanism after a heart attack.

Technical.ly Baltimore: Why TEDCO’s bid to be more relevant starts with diversity
With a new fund for Black entrepreneurs and a streamlined process for its seed funding, the economic development group is undergoing a major refresh.

The Daily Record: TEDCO, Harbor Bank launching minority tech entrepreneur’s fund
The Maryland Technology Development Corporation and The Harbor Bank of Maryland Community Development Corporation have launched a pilot program to provide pre-seed capital and mentor minority tech entrepreneurs in the state.

Baltimore citybizlist: TEDCO’s Jennifer Hammaker Chosen for Leadership Md. Class of 2017
Leadership Maryland announced that Jennifer J. Hammaker ’17, Director, Maryland Innovation Initiative at Maryland Technology Development Corp. (TEDCO), has been chosen to participate in the professional development program dedicated to building a better Maryland by harnessing the strength of its local business and community leaders.

BBJ: TEDCO, Harbor Bank start new fund geared toward black entrepreneurs
Maryland Technology Development Corp. and Harbor Bank are teaming up to help fund startup ideas for black entrepreneurs.

Baltimore Sun: Funding program starts aimed at African American startups
The Maryland Technology Development Corp. and a division of one the state’s biggest minority-owned banks are teaming up to start a program aimed at providing early funding to African-American startups

TEDCO and Harbor Bank CDC Pilot New Minority Pre-Seed Fund for Tech Entrepreneurs
The Maryland Technology Development Corporation (TEDCO) and The Harbor Bank of Maryland Community Development Corporation (HBCDC) announced today the launch of a pilot program, the Minority Business Pre-Seed Fund (MBPF).

Jennifer Hammaker Chosen for Leadership Maryland Class of 2017
Maryland Technology Development Corp. employee and Lutherville resident one of 52 selected for professional development program

Stop exporting Md.’s life sciences companies to other states
To be competitive, Maryland needs to create a dedicated fund to invest risk capital in promising early-stage life science companies.

John Wasilisin named one of The Daily Record’s 2017 Influential Marylanders
Winners were selected by The Daily Record’s editors for their significant contributions to their respective fields and for their leadership in Maryland

Growing Maryland Small Business Takes More Thank Money
By leveraging industry experts, TEDCO provides Maryland’s entrepreneurs with solid, practical advice once a month from its Columbia headquarters.

Columbia company takes lead on TEDCO CEO search
After a search with a national firm failed, a Columbia executive search firm has been hired to lead the next leg of the hunt for a CEO for the Maryland Technology and Development Corp.

Maryland Technology Councils Announce Merger
Amid a superheated competition among states to develop thriving technology industries, the two dominant tech councils in Maryland are merging.

TEDCO Invests $400k in Life Science Companies
The Maryland Technology Development Corporation (TEDCO) announced today that two companies received a total of $400,000 in funding through its Life Science Investment Fund (LSIF) – one of TEDCO’s Seed Investment Funds.

Business Monthly: Trends and New Programs: Focus at Expanded Entrepreneur Expo
To gauge the health of Maryland’s startup environment, look no further than the Technology Development Corp. of Maryland’s (TEDCO) annual Entrepreneur Expo.

Early Investing with John Wasilisin of TEDCO
Wasilisin talks to C. Peter Clough, Contributing Editor of Early Investing, regarding TEDCO and how it supports an innovation ecosystem in Maryland.

TEDCO Grants Help Scientists Take Their Ideas to Market 
The National Institute of Standards and Technology (NIST) has partnered with the Maryland Technology Development Corporation (TEDCO) to award a new round of N-STEP grants, which support early-stage entrepreneurs in ways that other grants do not.

TEDCO Awards Five New N-STEP Grants 
The Maryland Technology Development Corporation (TEDCO) and the National Institute of Standards and Technology (NIST) announced today that five companies were recently awarded a total of $560,000

TEDCO Invests $1.9 Million in 19 Startups to Support Innovation in Maryland
The Maryland Technology Development Corporation (TEDCO) announced today that 19 companies have received over $1.9 million in funding from the organization’s Seed Investment Fund in the last six months.

“The “Fast Pitch” sessions are among my favorite. This year I moderated a panel of investors who critiqued three minute pitches from ten entrepreneurs randomly selected from a fish bowl of cards.”

MD Chamber of Commerce: TEDCO simplifying application process for its funds
Entrepreneurs have been having trouble figuring out how to apply for funds from Maryland Technology Development Corp. And now TEDCO is trying to fix the problem.

BBJ: TEDCO overhauls ‘confusing’ application process for its funds
“One of the things we heard from our customers and potential customers is that it’s a little confusing to navigate the kind of alphabet soup of programs,” said John Wasilisin, CEO of TEDCO.

TPP: The Patuxent Partnership adds to board of directors
Dr. Rebecca Bridgett, St. Mary’s County Administrator, and Mr. John Wasilisin, President and Chief Operating Officer, TEDCO, focused on three key areas for Southern Maryland: economic development, technology innovation and the current progress of the recently announced incubation space to be built at the St. Mary’s County Regional Airport.

BBJ: TEDCO chief: Agency wants to fund more minority entrepreneurs, companies
TEDCO created a diversity outreach work group this year to try and figure out why programs are not attracting more diverse applicants and how the organization can begin to fix the problem.

Technical.ly Baltimore: Here’s what happened at the TEDCO Entrepreneur Expo
The startup-centered event was held in Baltimore this year. Here’s a social media rundown of what happened.

BBJ: How to Pitch Your Startup to a Reporter
“For three hours, I sat across from startup founders and entrepreneurs working in life sciences, technology and cybersecurity fields and listened to their elevator pitches. The sessions were part of this week’s Entrepreneur Expo in Baltimore, hosted by Maryland’s Technology Development Corp.”

BBJ: Harbor Bank plots incubator to support minority startups, entrepreneurs
Harbor Bank hosted a pitch event through its Community Development Corp., with 15 presenters from local startups and businesses and 10 prospective investors.