Recent TEDCO News

In the Trenches with John Wasilisin, President and COO of TEDCO and one of FITCI’s greatest supporters!

Women In Bio Capital Region Presents: “HERstory Gala 2018: Honoring Outstanding Women in Biotech” on December 13
The HERstory Gala is the premier event for the Women In Bio (WIB) Capital Region chapter and supporters.

Maryland Loves Its Start-Ups
When it comes to the need for technological innovation, Maryland has been putting its money where its mouth is for more than 20 years.

Paragon Biosciences Announces Two Key Leadership Promotions
Paragon Bioservices, the leading private equity-backed biologics contract development and manufacturing organization (CDMO) with proven expertise in gene therapy and next-generation vaccines, announces today two key leadership promotions

ClearMask Awarded $25K from National Science Foundation
Recently, ClearMask received $25,000 in grant funding from the National Science Foundation (NSF) to support ClearMask’s commercialization efforts.

Frederick firm bringing wearable nanotechnology to market with TEDCO funding
A Maryland startup aiming to bring nanotechnology to the wearable tech space has earned a $25,000 investment from Maryland Technology DevelopmentCorp., to help it move closer to market.

Neuraly, a TEDCO MII and MVF portfolio company, launches with $36M funding round
The Maryland biotech startup is developing new treatments for Parkinson’s disease and Alzheimer’s disease.

Latest TEDCO-funded rural startup, GOEFER, developed a power strip to help cut down your energy costs
A Frederick startup working to help save consumers and companies money on their energy consumption is ramping up sales with a new $25,000 investment from Maryland Technology Development Corp.

Md. manufacturing startup, Xometry, acquires competitor and raises $25 million, to include TEDCO’s Maryland Venture Fund
Gaithersburg manufacturing platform Xometry acquired a competitor and raised $25 million, the startup announced Tuesday.

How a TEDCO portfolio company, Adaptive Phage Therapeutics, is saving lives with bacteria-killing viruses
Dr. Carl Merril began researching bacteria-killing viruses at National Institutes of Health in 1965, leading to a partnership with the U.S. Navy’s biological defense group to combat potential bioterrorism attacks with superbugs.

Two Baltimore university-born startups move their tech closer to market with fed funds
Cykloburn Technologies, born out of Morgan State University, has also been awarded a $225,000 Phase I grant.

TEDCO launching fund to serve the young startups VCs often overlook
Maryland Technology Development Corp. is launching a new fund that will offer early stage investments of $50,000 to startups that may be overlooked by other funding organizations.

Cykloburn Technologies Wins SBIR Phase I Grant
Cykloburn Technologies LLC, a company developing a low-emission combustion system that converts biomass into energy, announced that it has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase I grant.

TEDCO has new funding and programming for underserved founders
TEDCO plans to provide funding and business-building programming to entrepreneurs from groups who are often overlooked by investors through a new fund that will begin this fall.

TEDCO backs Kent County firm looking to make paving projects cheaper
PaverGuide Inc. is the second growing company based in a rural part of the state to receive funding through TEDCO’s recently expanded Rural Business Innovation Initiative. The first investment was awarded to a Queen Anne’s County herbal medicine business, Plum Dragon, in May.

TEDCO portfolio company Sonavex Receives FDA 510(k) Clearance for EchoMark & EchoMark LP Tissue Markers
Sonavex, Inc., a privately held medical device company focused on improving surgical patient outcomes with point-of-care imaging technologies, announced today that it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its EchoMark and EchoMark LP soft tissue markers

Maryland could be a cybersecurity leader, here’s how
Historically, health care has spent fractions of a percent of its technology budget on security, a paltry proportion when compared to industries like finance that handle similarly sensitive data.

New Director of TEDCO’s University Commercialization Fund Shares Vision for the Future
Under the new TEDCO 2.0 vision, MII is now poised to get even better, and Arti Santhanam, Ph.D. was recently appointed as the new MII Program Director to help make that happen.

TEDCO’s Rural Business Innovation Initiative Announces Second Pre-Seed Investment
Program supports start-up companies founded and thriving in rural Maryland counties

Baltimore Sun: Maryland technology development agency awards grant to study stem cells for improving flu vaccine
The Maryland Technology Development Corp. has awarded a $750,000 grant to Longeveron LLC, a Miami-based biopharmaceutical company, to study whether stem cells can make a better flu vaccine for seniors with a researcher from Johns Hopkins University School of Medicine.

TDR: TEDCO grant to help fund stem cell research at Johns Hopkins Medicine
The grant will go toward Longeveron’s clinical trial examining the safety and efficacy of its allogeneic mesenchymal stem cell product to improve flu vaccine immune-response in elderly patients with frailty.

TEDCO awards $7.1 million to 25 stem cell projects in Maryland
To date, more than $139 million has been committed to over 400 research projects in the state through the fund. Earlier this year, TEDCO awarded $1.1 million to four other stem cell projects. All fund-sponsored projects must be conducted in Maryland and involve human stem cells.

TEDCO Announces $7.1 Million in New Stem Cell Program Awards
The Maryland Stem Cell Research Commission (Commission) has approved funding for 25 awards for a total of $7,140,901.

This local health IT startup, Insightin Health, just raised $2M in seed funding from some big names, to include TEDCO
Insightin Health, a Gaithersburg data startup that connects health insurers with consumers, has raised $2 million in seed financing. New York-based venture capital firm Health Catalyst Capital Management led the round, announced Tuesday, with participation from several local investors including Revolution’s Rise of the Rest Seed Fund, Maryland’s Technology Development Corp., SaaS Ventures, TCP Ventures and an angel group led by Blu Venture Investors Founding Principal Paul Silber.

This TEDCO funding initiative is giving rural small business a shot at growth
TEDCO has awarded an herbal medicine company in Queen Anne’s County the first round of pre-seed funding offered through its recently expanded Rural Business Innovation Initiative. Lisa Ball, CEO of Plum Dragon, received a $25,000 investment to help grow her Chinese herb business.

A Data-Driven Road to Better Public Health

Plastic surgeon-led startup, BondTrue, seeks $2 million in funding, FDA clearance for device.
BondTrue has also been accepted into the TEDCO’s mdPACE program as it works to expedite the FDA approval process.

Baltimore tech company leaders appointed to TEDCO board
A pair of Baltimore-based tech leaders are joining the board of directors for TEDCO.

Baltimore medical device startup joins TEDCO program
A Baltimore medical device startup Tuesday became the latest company to join the Maryland Technology Development Corporation (TEDCO) mdPACE program.

TEDCO to Host Entrepreneur Expo & Stem Cell Symposium on October 30
TEDCO, Maryland’s economic engine for technology companies, announced its annual Entrepreneur Expo & Stem Cell Symposium. Steve Case will serve as the event’s keynote speaker.

Edtech startup, and TEDCO portfolio company, Allovue adds $2 million to Series A funding round, plans to hire
Baltimore education technology startup Allovue has raised another $2 million, bringing its Series A financing round total to $7 million.

ClearMask, a TEDCO portfolio company, wins $25,000 prize from Hopkins’ Social Innovation Lab
Local startup ClearMask has landed $25,000 in funding as the winner of this year’s cohort prize for Johns Hopkins’ Social Innovation Lab.

Hope Springs Pluripotent—within Bounds
Therapeutics Based on Induced Pluripotent Stem Cells Are Nearing Clinical Trials

TEDCO 2.0 initiative rolls out new funding, programming efforts for Md. startups
Maryland Technology Development Corp. is restructuring and adding new services for state startups as it ramps up its “TEDCO 2.0″ plans.

Startup aims for FDA clearance on medical device to improve communication in surgery
TEDCO portfolio company ClearMask, a Baltimore startup, is working toward gaining clearance from the U.S. Food and Drug Administration for its device that could improve in-surgery communication.

TEDCO’s Seed Fund invested $1.2 million in these 5 startups
The announcement reflects some recent changes to the Maryland agency’s approach to seed investing.

TEDCO one of South Atlantic’s Most Active Investors

The announcement reflects some recent changes to the Maryland agency’s approach to seed investing.

TEDCO doles out $1.2 million in seed funds to five Maryland startups
The Maryland Technology Development Corp. invested a total of $1.2 million in five state startups through its seed fund.

TEDCO money helps Md. startups finish fundraising rounds
The Maryland Technology Development Corporation’s (TEDCO) Seed Fund invested $1.2 million in five state startups’ funding rounds, the fund announced Tuesday.

Stem cells could boost this Maryland baby’s heart and chance for a normal life
Clinical trial that TEDCO’s MSCRF funded between Longevron and UMB

Johns Hopkins Researchers Invent New Technology for Cancer Immunotherapy
This work was supported by National Institutes of Health grants and a Maryland Innovation Initiative award from TEDCO to Atul Bedi and Rajani Ravi.

TEDCO called out as the most active investor in female founded companies
Mapping investment in female-founded companies across 10 key US metros

Columbia cyber startup raises $3.5 million to expand sales, staff; TEDCO and Gula Tech Adventures are among the investors.
Local cybersecurity software firm Bandura Systems has raised $3.5 million in a seed round to expand sales and development.

A New Day Dawns for RoosterBio Inc., FITCI Graduate and TEDCO portfolio company
Government, community and business leaders came together to celebrate RoosterBio, Inc.’s official transition from local incubator start-up client to a thriving, established company that puts Frederick, Maryland, at the epicenter of a major field change.

MSCRF Supports Important Training for Stem Cell Researchers with Bio-Trac Workshop Sponsorship
Bio-Trac workshop offers a unique opportunity for researchers to get hands-on training from handling iPS cells

In RegMedNet’s latest video, TEDCO’s Amritha Jaishankar, discusses the advances enabling the organoid revolution

The early investors laying the foundation for startup funding in Baltimore
TEDCO and the Abell Foundation are the might and money behind local startups.

TEDCO portfolio company gel-e Receives $1.4M DoD Grant to Develop New Internal Use Hemostats
gel-e Inc., announces two new grants that support the development of internal use hemostats.

TEDCO portfolio company emocha Mobile Health Inc named to Fast Company’s 2018 Top 10 Most Innovative Companies in Health
Baltimore-based mobile health company recognized for medication adherence platform

Steve Case to lead off new Anchor Ventures speaker series
AOL co-founder Steve Case will be the inaugural speaker for Anchor Ventures’s speaker series

Tammi Thomas Chosen for Leadership Maryland Class of 2018
TEDCO Vice President of Marketing and Ellicott City resident one of 52 selected for professional development program

TEDCO Selects LMD to Redesign its Website
Laurel, MD — LMD, a full-service strategic communications firm, announces the addition of the Maryland Technology Development Corporation (TEDCO) to its client roster

Leadership Maryland Announces Class of 2018
52 business and community leaders chosen to complete eight-month professional development program, including Tammi Thomas, TEDCO VP of Marketing.

BBJ: TEDCO’s MII funds Hopkins-born venture that is detecting and destroying brain tumors with sound waves
A pair of entrepreneurs from Johns Hopkins are working to develop technology that can use sound waves to treat brain tumors.

TDR:  Here are the five latest startups funded by TEDCO
The Maryland Technology Development Corporation (TEDCO) announced a total of $600,000 in seed funding for five companies Thursday.

BBJ: TEDCO adds five companies to seed portfolio with $600,000 in new investments
Maryland Technology Development Corp. made new seed investments in five Maryland startup companies, totaling $600,000.

TDR: Betamore, Hopkins, UM launch health care incubator
Betamore, Johns Hopkins Technology Ventures and UM Ventures have launched Trajectory Next, a health care startup incubator focused on helping new companies that already have gone through at least one accelerator program.

TDR: Md. tech startup raises $300,000, lands first customer
Zuul, a company in Columbia that makes a platform for managing internet-connected devices used in smart transportation and smart bulidings, raised $300,000 in seed funding and secured their first customer.

Maryland Technology Development Corporation (TEDCO) CEO George Davis Interviewed on New Episode of BHI Podcast – BioTalk with Rich Bendis
George Davis, CEO of the Maryland Technology Development Corporation (TEDCO), joins Rich Bendis to discuss the Economic Development Balance, Goals for Business in the State, and the Partnership across the Region.

BBJ: TEDCO stem cell investments yield 1,400 jobs in Maryland, report says
State-backed investments in stem cell research have resulted in the creation of nearly 1,400 new jobs over the past 10 years, according to new data from Maryland Technology Development Corp. These 3 entrepreneurs just got funding from TEDCO’s Minority Business Pre-Seed Fund
It’s the second round for the program from TEDCO and Harbor Bank Community Development Corporation.

Baltimore Business Journal: Here are some startups that landed new funding — and what they plan to do with it
And though no formal competition was held for the last set of investments, Maryland Technology Development Corp. also announced three new awardees for its Minority Business Pre-Seed Fund.

The Daily Record: TEDCO gives pre-seed funding to 3 more minority entrepreneurs
TEDCO and The Harbor Bank of Maryland Community Development Corp. announced the awards for the three companies from the Minority Business Pre-Seed Fund, each of which will receive up to $40,000.

Maryland biotech, R&D tax credits recommended for elimination receive support
“George Davis, CEO of TEDCO, said he supports the tax credit and does not think the state should eliminate it.”

BBJ: TEDCO awards $800,000 in seed funding to six Maryland companies
TEDCO CEO George Davis said this latest round of investments supports the mission to foster entrepreneurship and innovation across the state and to “build great companies that grow, stay and last in Maryland.”

World Stem Cell Summit Announces Co-organizing Partners, Visionary Speakers, Agenda And Registration Details
The 13th World Stem Cell Summit (WSCS) is proud to announce that their upcoming event at the Hyatt Regency Miami, taking place January 22-26, 2018, has garnered international attention.

Md. Chamber of Commerce: TEDCO CEO talks turkey about startups
Ask small business entrepreneurs what they’re thankful for this year and they’ll probably have two answers: funding and people. As a corporation dedicated to providing both, TEDCO’s partnership with Evergreen Advisors is a new piece in the startup pie.

Viewpoint: How Maryland could become a biotech leader
TEDCO (Maryland Technology Development Corp.) has various programs that provide funding for startups including the Maryland Innovation Initiative that provides early stage funding for projects that originate from Johns Hopkins, University of Maryland and Morgan State. For private companies, the TEDCO Seed Fund and Life Sciences Investment Fund allow companies to apply for investment, which is made in the form of a convertible note.

Ron Gula: Md. needs you to create the next great cybersecurity company
What does it take to start a cyber venture? The recipe includes networking within the right circles, identifying opportunities, putting together a team to make it happen, and being comfortable with risk.

Maryland Venture Fund Announces Successful Raise of its New Fund with $25 Million of Committed Capital
Columbia, MD – November 14, 2017 – The Maryland Technology Development Corporation (TEDCO), through its Maryland Venture Fund (MVF) program, today announced the closing of the Maryland Innovation Opportunity Fund I with $25 million of committed capital.

Why UMB and Hopkins came together to grow entrepreneurship in Maryland
UMB and Hopkins recently collaborated on two different incubator projects as part of a funding competition presented by the Maryland Technology Development Corp. Both projects will now be brought to life, using the $125,000 they each won in the challenge

TEDCO, Evergreen Advisors join forces to expand ‘loaned executive’ program
TEDCO is partnering with local investment and advisory firm Evergreen Advisors to grow a program that offers startups temporary access to experienced executives.

Grip Boost is going to the big leagues with distribution deal
TEDCO Portfolio Company Signs Licensing Agreement with Lizard Skins

BBJ: 5 tips from Baltimore investors, startups on how to land cash
During the the Maryland Technology Development Corp.’s recent Entrepreneur Expo, local investors John Cammack and Chris College of TCP Venture Capital joined a few startup founders to discuss what it takes for a young company to land an attractive investment.

TEDCO Portfolio Company Signs Licensing Agreement with Lizard Skins
Lizard Skins Becomes Exclusive Worldwide Distributor of Grip Boost Batting Gel

BBJ: TEDCO awards $125,000 to six teams to bring new incubation ideas to life
After seeing the strength of the six finalist projects and evaluating each of the teams’ proposals, TEDCO board members decided to up their $300,000 offer, and fund every one of them.

BBJ: TEDCO’s wants to deliver ‘connectivity,’ not just cash under 2.0 plan
new CEO, dot-com veteran George Davis, wants to add new layers to what 20-year-old TEDCO does — adding value beyond the money.

The Daily Record: Six finalists announced for TEDCO’s Incubation Challenge
Six finalists will compete Wednesday in the Maryland Technology Development Corporation’s (TEDCO) first ever Incubation Challenge. Hear these 6 Maryland incubator ideas at TEDCO’s Entrepreneur Expo
The event, which also includes a full day of early-stage interaction and Stem Cell Symposium, is set for Oct. 26 at the Hilton Baltimore.

TEDCO Selects Finalists for Incubation Challenge at 7th Annual Entrepreneur Expo
Winners to Receive a Combined $300,000 to Bring Ideas to Market

TEDCO Hosts Seventh Annual Statewide Entrepreneur Expo & Stem Cell Symposium on Oct. 25
Expo will bring together startup to seasoned entrepreneurs from across Maryland for a full-day conference to promote the State’s innovation economy; Forcepoint’s Guy Filippelli and Terra’s Kitchen Mike McDevitt, will serve as the keynote speakers.

TEDCO Awards $1 Million in New Stem Cell Projects
Announces $7 Million in New Request for Applications

BBJ:  Maryland to Amazon:  We’ve Got the Talent You Need Inc. is hunting for a second home and Maryland tech stakeholders think the state’s talent pool could be a major selling point. Howard County says its Gateway Innovation Center must benefit all Maryland
Representatives of state-backed investment fund TEDCO and University of Maryland Baltimore County were there too.

MD BizNews: Eastern Shore Innovation Center in Cambridge adds wet lab to incubator space
The Innovation Center was launched in 2016 through collaboration with the Dorchester County Economic Development, the Maryland Department of Commerce, and the Technology Development Corporation (TEDCO). Since that date, the center has already reached 90 percent capacity and added over 40 jobs in the first year, according to Steve Dolbow.

Tech 10: Award Winner McKeever “Mac” Conwell, TEDCO
McKeever “Mac” Conwell spent about six years working on two separate startups. He has built technologies, assembled staffs, gone through multiple accelerator programs and experienced the struggles of seeking funding and being in charge

Daily Record: Why Md. tech startups sell and whom they sell to
Last month, Baltimore cybersecurity analytics startup RedOwl announced it had been acquired by cybersecurity firm Forcepoint, a subsidiary of Raytheon. For the most part, the acquisition was a validation for both RedOwl and the Baltimore tech community in general. RedOwl had attracted nearly $30 million in investment and had now reached a successful exit.

Daily Record: TEDCO mentorship gives Md. rural startups a leg up
With much of the focus on Maryland’s tech startup community centered on Baltimore and the I-270 corridor, the Maryland Technology Development Corporation (TEDCO) has developed a mentorship program to help give companies in the state’s rural areas the same access to opportunity.

BBJ: TEDCO’s George Davis Weighs In Maryland to Amazon: We’ve got the tech talent you need
George Davis, CEO of Maryland Technology Development Corp., said having the state and federal governments as active partners in the tech community is also a strategic advantage for Maryland. “I think sometimes people look at a public sector-minded community as a negative, but Maryland has really turned it into a positive,” he said. “We have state partners that are very involved in workforce development and committed to creating jobs, especially tech jobs.”

Warfield:  Edwin Warfield chats with TEDCO’s new CEO, George Davis
George Davis is the incoming CEO of The Maryland Technology Development Corporation, otherwise known as TEDCO. Since its creation in 1998, TEDCO has been a leading provider of funding, mentorship, and networking opportunities for entrepreneurs, innovators, and early-stage companies in Maryland and beyond. 

citybizlist: TEDCO Appoints Francis Smyth Chairman
“I’m pleased to serve as the Chair of TEDCO’s trailblazing board of directors,” said Frances Smyth, chief executive officer of Century Engineering. “I have tremendous respect for Chuck, Paul, Matthew and the other board members, and I look forward to working with them. Our goal is to provide the support and direction to TEDCO Management, helping them continue to ignite economic development and remain as the go-to hub of Maryland’s innovation ecosystem.” Osmosis is bringing personalized learning to medical school, and beyond
With a learning platform and medical education videos, the startup is looking to provide education for students and health professionals. TEDCO recently made a $100,000 seed investment. Baltimore: TEDCO just hired a new CEO
George Davis, who ran Gemstone Biotherapeutics, brings experience running and investing in early stage startups. TEDCO’s board chairman called him an “entrepreneur’s entrepreneur.”

BBJ:  TEDCO, Harbor Bank name 3 awardees of new minority-focused investment fund
Three local startups will receive up to $40,000 each in investments from the Maryland Technology Development Corp. and Harbor Bank as part of a new fund specifically targeted at black business owners.

The Talbot Spy: Maryland 3.0: TEDCO’s Startup Help on the Shore with Bill Bernard
For almost twenty years, the Maryland Technology Development Corporation, otherwise known as TEDCO, has been the state’s s lead source for business assistance and seed funding for the development of startup companies.

TEDCO Among The Daily Record’s 2017 Innovator of the Year Honorees
The Daily Record has announced its 2017 Innovators of the Year    26 individuals and companies who have created new products, services or programs that have had a positive effect on business, industry or the community.

I95 Business Magazine: An Entrepreneur’s Entrepreneur, TEDCO’s CEO George Davis
George Davis has been called the “entrepreneur’s entrepreneur,” as a result of his experience in investing, building and managing biotech, IT and software companies. Now, his latest mission as CEO of TEDCO, the Maryland Technology Development Corporation, will be to make TEDCO a driving force in Maryland’s innovation ecosystem.

Innovative Maryland Startups Receive TEDCO Investment
The Maryland Technology Development Corporation (TEDCO) announced today that ten companies received a total of $1,000,000 in funding through its Seed Investment Funds.

BioBuzz:  In Conversation with Dr. David Mosser, Chair of the Maryland Stem Cell Research Commission
Welcome back to In Conversation, a series of conversations with thought leaders and disruptors in the BioHealth Capital Region. This week we’re sitting down with Dr. David Mosser.

Black Enterprise Magazine:  New Program Offers $40,000 to Black-Owned Tech Startups in Maryland
A funding provider of new tech firms and a unit of one of the nation’s largest African American banks is offering black entrepreneurs up to $40,000 each to launch a tech company in Maryland.

The Daily Record: After 18 month gap, TEDCO names new CEO
George Davis (Photo courtesy of TEDCO) George Davis has been appointed CEO of TEDCO, the technology development corporation announced Wednesday morning. Baltimore: TEDCO has $300K to bring new incubator ideas to Maryland
The Incubation Challenge is seeking ideas that haven’t been tried here before. Proposals are due July 31.

Baltimore Sun: TEDCO names new chief executive
The Maryland Technology Development Corp. has tapped as its new chief executive an investor with a track record of leading Baltimore-area startup companies. Baltimore: TEDCO just hired a new CEO – Baltimore
TEDCO named George Davis as its new CEO on Wednesday. He will start in the leadership role of the quasi-public agency that backs early stage companies on June 26.

TEDCO Announces New $300K Incubation Challenge – Request for Proposals
TEDCO today announced its request for proposals for the creation of innovative strategies that demonstrate advancement in the state-of-the-art of business incubation.

Baltimore Business Journal: Exclusive: TEDCO taps serial entrepreneur, investor as new CEO
After 14 months and two separate searches, the hunt for a new CEO of Maryland Technology Development Corp. has ended and George Davis is ready to take the helm.

 The Daily Record: State hands out stem cell awards hoping to keep research in Maryland
The Maryland Stem Cell Research Commission has approved awards of more than $8.5 million for companies and research institutes to address more than 20 diseases and conditions. The money will be spread among six companies and six research institutes in the state

citybizlist: AsclepiX’s Wendy Perrow and Glyscend Among 2017 ICE Winners
TEDCO has announced its 2017 ICE award recipients, and two of the six winners have connections to Johns Hopkins. On May 25, AsclepiX CEO Wendy Perrow was named entrepreneur of the year, and Glyscend received an award for innovation.

TEDCO Establishes In-Residence Hours at hotDesks Locations
hotDesks and the Maryland Technology Development Corp. (TEDCO) have arranged to have Bill Bernard, the new Rural Business Innovation Initiative (RBI2) Mentor for TEDCO on the Lower Eastern Shore, to hold regular office hours at the hotDesks locations in Easton, Cambridge, Salisbury, and Pocomoke.

TEDCO awarding $300,000 for the next great incubation idea
Maryland Technology Development Corp. is offering $300,000 to the person or organization that comes up with the best idea for how to support and grow technology companies in the state.

Here’s who won TEDCO’s 2017 ICE awards
TEDCO’s ICE awards returned to Columbus Center in Inner Harbor on Thursday night. The Maryland agency, which provides resources for startups and other businesses, awards portfolio companies for Innovation, Corporate Excellence and Entrepreneurship.

Baltimore SNAP: 7th Annual ICE Awards – TEDCO

Capital Gazette: Maryland fund awards $8.5 million for stem cell research
The Maryland Stem Cell Research Commission has awarded $8.5 million to 29 projects that will explore how human stem cells can regenerate heart tissue, treat muscular dystrophy and sickle cell disease, and aid diabetes management, among other medical conditions.

Baltimore Business Journal: TEDCO awards $8.5 million in stem cell grants
Maryland Technology Development Corp. (TEDCO) has approved awards of $8.5 million to 29 new stem cell research projects.

TEDCO Announces $8.5 Million in New Stem Cell Program Awards
The Maryland Stem Cell Research Commission (Commission) approved funding for 29 awards for a total of $8,533,987. These awards will be distributed between 6 different research institutes and 6 companies and will address over 20 different diseases and conditions.

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. 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. 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.

TEDCO’s George Davis Weighs In Maryland to Amazon: We’ve got the tech talent you need