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February 2017

TEDCO and Harbor Bank CDC Pilot New Minority Pre-Seed Fund for Tech Entrepreneurs

COLUMBIA, Md. (February 15, 2017) – 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). The MBPF will provide pre-seed capital and mentorship to underrepresented tech entrepreneurs in Maryland.

January 2017

TEDCO Invests $400K in Life Science Companies

COLUMBIA, Md. (January 12, 2017) – 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. “The Life Science Investment Fund exists to meet the needs of Maryland

December 2016

Early Investing w/ 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. Click here for the video.    

TEDCO Awards Five new N-STEP Grants

COLUMBIA, Md. (December 19, 2016) – 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 through the NIST Science and Technology Entrepreneurship Program (N-STEP) grants for a total of six companies to

TEDCO Invests $1.9 Million in 19 Startups to Support Innovation in Maryland

COLUMBIA, Md. (December 14, 2016) – 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 funding will be used to advance the companies’ technology and product commercialization efforts. “TEDCO’s

November 2016

TEDCO Overhauls ‘Confusing’ Application Process for its Funds

“One of the things we’ve learned is we have to be more proactive in paying attention to the entrepreneurs and make adjustments that work best for them,”

» Read article

October 2016

Maryland Stem Cell Research Commission Launches Accelerating Cure

Accelerating Cure’s five new programs will support regenerative medicine technologies from Discovery to Validation to Commercialization

TEDCO Announces Ron Gula, Founder of Tenable Network Security, as a Keynote Speaker for Entrepreneur Expo

The event is expected to draw more than 700 people including entrepreneurs, investors, legislators and researchers

September 2016

Maryland Innovation Initiative Fuels Launch of Successful Startups from State’s Research Universities

COLUMBIA, MD (9/19/16) — TEDCO announced today its Maryland Innovation Initiative (MII) program has awarded $18 million to more than 180 commercialization projects and 45 start-up companies since its inception in late 2012. Awards were given across a variety of industries, including therapeutic, software, medical devices and engineering. “MII is

July 2016

TEDCO’S LIFE SCIENCE INVESTMENT FUND INVESTS IN FOUR MARYLAND COMPANIES

COLUMBIA, MD (7/20/16) — The Maryland Technology Development Corporation (TEDCO) announced today that four Maryland companies received a total of $800,000 in funding through its Life Science Investment Fund (LSIF). They are: AsclepiX Therapeutics, a biotech company established to leverage the anti-angiogenic peptide development and the nano/microparticle technologies; Sonavex, which has

April 2016

Q&A in Business Monthly With TEDCO President & COO John Wasilisin

TEDCO’s mission is to facilitate the creation of businesses and foster their growth in all regions of Maryland

May 2016

Finalists Selected for 15th Annual Maryland Incubator Company of the Year Awards

For a full list of the 2016 Finalists for the 15th Annual Incubator Company of the Year Awards, click here. 

TEDCO APPROVES $8.4 MILLION IN NEW STEM CELL RESEARCH

TEDCO has approved the Maryland Stem Cell Research Commission’s recommendation to fund 26

Expect the Maryland Venture Fund to Lead More Investment Rounds – WBJ Article

The fund’s investment in Healthcare Interactive makes good on Jones’ directive

TEDCO Awards Z-senz With First N-STEP Grant

“The N-STEP program was created to encourage entrepreneurship among motivated NIST researchers”

2016 ICE Awards

Please join TEDCO at our annual ICE Awards, as we honor some of our “coolest” portfolio companies and recognize the best and brightest that are developing cutting-edge technologies and enriching our community. Meet with 20 of TEDCO’s recently funded startup companies that will be exhibiting. Network with the hottest tech

March 2016

Montgomery County DED Collaborates With TEDCO To Assist Life Sciences Startups

March 31, 2016 Montgomery County Department of Economic Development (DED) and Maryland Technology Development Corporation (TEDCO) are collaborating to assist Montgomery County life sciences companies to make progress toward commercialization. With this collaboration, Montgomery County companies selected for TEDCO’s Life Sciences Investment Fund (LSIF) will become automatically eligible to receive

TEDCO Invests $1.7 Million in 17 Maryland Startups

Organization awards funding through the Technology Commercialization Fund and Cyber Security Investment Fund

February 2016

Applications For TEDCO’S Life Science Investment Fund Now Being Accepted

COLUMBIA, MD (2/23/16) — Applications for the Maryland Technology Development Corporation’s (TEDCO) Life Science Investment Fund are being accepted now through April 15. The Life Science Investment Fund (LSIF) was previously managed by the former Department of Business and Economic Development under the name Biotechnology Commercialization Award. It was one

TEDCO Generates $1 Billion in Economic Impact, 4,358 Jobs to Maryland Economy

TEDCO’s core research, technology transfer, and commercialization programs generated nearly $1 billion in economic contributions to the Maryland economy in 2015, according to a new study by the Battelle Technology Partnership Practice released today.

Five Minutes with Andy Jones

Baltimore Sun February 6, 2016   Andy Jones has seen the business of venture capital-backed startups from all angles. He started at regional investing firms Grotech Ventures and Boulder Ventures, backing entrepreneurs during the dot-com boom years of the late 1990s and early 2000s. When the economy slowed and it

January 2016

TEDCO Charts New Direction

Wasilisin Promoted to President, COO as Rosenbaum Resigns

December 2015

TEDCO Announces InnovateHER Business Plan Competition Winner

Kitchology is selected to advance to semi-final round finalist for the national 2016 InnovateHER

Dan Gincel, PhD Graduates from Leadership Maryland

Maryland TEDCO executive and Baltimore County resident recognized at December 8 ceremony

November 2015

TEDCO Selects Andy Jones As Managing Director of the Maryland Venture Fund

Andy Jones brings 15 years of successful venture capital investing expertise to the Maryland Venture Fund

Hundreds of Maryland’s Top Entrepreneurs and Regional Business Leaders Attend TEDCO’s Fifth Annual Entrepreneur Expo

2015 Entrepreneur Expo highlighted the success of entrepreneurial ecosystem in Maryland

TEDCO Announces New Medical Device Cluster Initiative

Applications are now being accepted for TEDCO’s mdPACE Program

TEDCO Announces New Business Plan Competition

Applications are now being accepted for SBA 2016 InnovateHER: Innovating for Women Challenge

October 2015

TEDCO Invests in 6 New Maryland Cybersecurity Startups

Jedvice, Point 3 Security, Topaz Research, Efflux Systems, Bricata and QI Solutions received funding from the Cybersecurity Investment Fund

TEDCO Announces Terry Virts, Maryland Born Astronaut, as Opening Keynote Speaker for Entrepreneur Expo

The event is expected to draw more than 600 people including entrepreneurs, investors, legislators and researchers

TEDCO Announces Jennifer Fleiss, Rent The Runway Co-Founder, as Keynote Speaker for Entrepreneur Expo

The event is expected to draw more than 600 people including entrepreneurs, investors, legislators and researchers

August 2015

* * PUBLIC MEETING NOTICE * *

Maryland Stem Cell Research Commission  WHAT:          The Maryland Stem Cell Research Commission (Commission) will hold a regular meeting on August 28, 2015. The Commission may go into closed session (see note). Established as an independent unit within the Maryland Technology Development Corporation (TEDCO), the Commission has

TEDCO’s Technology Validation Program, TVP, sees its first start-up, Manta Biofuel

TEDCO’s Technology Validation Program (TVP) sees its first start-up, Manta Biofuel. Dr. Ryan Powell, a graduate student in Dr. Russell Hill’s laboratory, has worked on ferromagnetic bead-based algae harvesting technology to make algae a profitable and renewable source of fuel.  Dr. Powell used the TVP funding to prove that the

September 2015

TEDCO Invests $1.6 Million in 16 Maryland Startups

Organization awards funding through the Technology Commercialization Fund

Maryland Innovation Initiative   WHAT: The Maryland Technology Development Corporation (TEDCO) will host a meeting of the board of directors of the Maryland Innovation Initiative (MII). Created by the General Assembly and administered by TEDCO, the MII promotes the commercialization of research conducted in five qualifying Maryland universities. The initiative encourages

May 2015

Governor Hogan Announces Enhanced Funding for Startup Companies

TEDCO’s Technology Commercialization Fund and Cybersecurity Investment Fund will now provide up to $225,000

TEDCO Announces Winners of Fifth Annual ICE Awards

Winners chosen for distinction in Innovation, Corporate excellence and Entrepreneurship

Finalists Selected for 15th Annual Maryland Incubator Company of the Year Awards

25 Finalists Chosen from Maryland’s Incubators; Winners to be Announced at Awards Ceremony on June 4

MII’s Harpoon Medical, Staq among InvestMaryland Challenge grand-prize winners

MII’s Harpoon Medical among the grand-prize winners of this year’s InvestMaryland Challenge.

» Read article

July 2015

TEDCO Board of Directors Announces New Executive Officers

The Maryland Technology Development Corporation (TEDCO) announced today that its board of directors elected four new Executive Officers.

Request for Applications Medical Device Executives for mdPACE Program

Statement of Purpose: The Maryland Technology Development Corporation (TEDCO) is seeking individuals with appropriate medical device product development and commercialization experience (“Medical Device Executives”) to lead and support early-stage commercialization efforts for university-based, medical device technologies as part of the mdPACE program. The mdPACE program (the “Program”) is a virtual commercialization center

TEDCO Announces New Developments in Executive Exchange Program

In its first year the Program now impacts over 50 Maryland start-up companies every month.

Six Companies from TEDCO’s Rural Business Innovation Initiative Recognized in Salisbury University Competitions

Salisbury, MD (July 1, 2015) – Rural Business Innovation Initiative (RBI²) program, ran by the Maryland Technology Development Corporation (TEDCO), announced today that its companies have been recognized in Salisbury University’s Ratcliffe Shore Hatchery competition. In this contest, fifteen companies from the mid-Atlantic region ran for their share of $125,000

June 2015

Maryland Stem Cell Research Commission Funds 29 New Research Proposals in FY 2015

Awards address diseases and conditions such as diabetes, Gaucher, Alzheimer’s, Parkinson’s, mental disorders, autism, and obesity

Outstanding Maryland Businesses Honored at 15th Annual Incubator Company of the Year Awards

Avhana; BlueNovo; Gemstone Biotherapeutics; Milestone Sports; SocialToaster; Redox Power Systems; Social Solutions and Vheda Health recognized

April 2015

Finalists Selected for TEDCO’s Fifth Annual ICE Awards

Nine local finalists chosen for excellence in Innovation, Corporate Excellence and Entrepreneurship

TEDCO Receives i6 Challenge Grant Under the U.S. Commerce Department’s Regional Innovation Strategies Program

COLUMBIA, Md. (April 2, 2015) U.S. Secretary of Commerce Penny Pritzker today announced that Maryland Technology Development Corporation (TEDCO)  is among the first 26 recipients of the 2014 Regional Innovation Strategies program grants. The Regional Innovation Strategies (RIS) program, which is being run by the Department’s Economic Development Administration’s (EDA)

March 2015

TEDCO Invests in 3 Maryland Cybersecurity Startups

Protenus, Ridgeback and Strajillion received funding from the Cybersecurity Investment Fund

Sonavex Wins Top Prize in AUTM Venture Forum

Deerfield, IL — Sonavex LLC won $10,000 in the Association of University Technology Managers (AUTM) business plan competition during the 2015 AUTM Venture Forum held on Tuesday, Feb. 25, during the 2015 AUTM Annual Meeting in New Orleans.  The Baltimore-based startup is developing a line of products called EchoSure—implantable and

Dan Gincel, PhD Chosen for Leadership Maryland Class of 2015

TEDCO executive and Baltimore County resident one of 50 to join program

February 2015

TEDCO Announces Developments in New Executive Exchange Program

RedShred, LLC and White Box Corporation are each receiving the assistance of a TEDCO Loaned Executive.

January 2015

Fund Supporting Baltimore City Entrepreneurs and Start-Ups Invests in Three Tech Companies

Citelighter, Three Ring and OpiaTalk received funding from the Propel Baltimore Fund

November 2014

Hundreds of Maryland’s Top Entrepreneurs and Regional Business Leaders Attend TEDCO’s E2E: Entrepreneurs Inspiring Entrepreneurs Expo

2014 Entrepreneur Expo highlighted the future of entrepreneurship in Maryland, while providing networking opportunities to meet potential mentors and investors

October 2014

TEDCO Invests $1.5 Million in 15 Maryland Startups

Organization awards funding through the Technology Commercialization Fund COLUMBIA, Md. (Oct. 28, 2014) – The Maryland Technology Development Corporation (TEDCO) announced today that 15 companies have received a total of $1.5 million in funding from the organization’s Technology Commercialization Fund (TCF) since January 2014. The funding will be used to

TEDCO Launches New Executive Exchange Program

Several new initiatives join existing TEDCO resources to create a complete suite of assistance for start-up company executives

September 2014

Maryland Stem Cell Research Commission Announces Funding Opportunities and Annual Symposium Keynote Speaker

Commission kicks-off FY2015 by releasing four Requests for Applications, announcing the keynote speaker for its annual symposium;

Startup Maryland and TEDCO Team to Celebrate Innovation and Entrepreneurships

Startup Maryland announced support from TEDCO as a full-tour sponsor of the Pitch Across Maryland 2014

TEDCO to Host 2014 Entrepreneur Expo “E2E: Entrepreneurs Inspiring Entrepreneurs” Nov. 12

David Rose, CEO of Gust, to serve as a keynote speaker at State’s only large scale entrepreneurial event

August 2014

TEDCO Announces State Support for First Dedicated Cybersecurity Fund

Cybersecurity Investment Fund will invest up to $100,000 in projects that advance cybersecurity technology toward commercialization in Maryland

July 2014

Maryland Innovation Initiative Awards Over $6.4 Million to 67 Commercialization Projects

Research universities and start-up companies receive $6.4 million in funding in fiscal year 2014 to develop technologies for market, nearly doubling 2013’s investments

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