Press Releases

July 2015

TEDCO Board of Directors Announces New Executive Officers


Newt Fowler, Francis Smyth, Matthew Lee and Luke Cooper are selected as new Executive Officers

COLUMBIA, MD (July 28, 2015) – The Maryland Technology Development Corporation (TEDCO) announced today that its board of directors elected four new Executive Officers. The officers will serve for one year.

“I’d like to congratulate the new executive officers of TEDCO’s board of directors,” said Governor Larry Hogan. “The new leadership will provide guidance and support to TEDCO, as the organization continues to be the leading resource for Maryland entrepreneurs and start-up companies, and help to contribute to Maryland’s workforce and economy.”

The elected officers are:

• Chair: Newt Fowler, Business Transactions Partner, Womble Carlyle, LLP
• Vice Chair: Francis Smyth, CEO, Century Engineering
• Secretary: Matthew Lee, CEO, FASTech
• Treasurer: Luke Cooper, CEO, Peach

“I’m honored to serve as the Chair of TEDCO’s board of directors,” said Newt Fowler, business transactions partner of Womble Carlyle, LLP. “Our goal is to provide the support and resources to TEDCO executives, helping them continue to spur the economic development and remain as the go-to funding source for Maryland start-up companies.”

TEDCO is governed by a 15-member board, which is appointed by the Governor for four-year terms with the approval of the Maryland State Senate. Earlier this year, Governor Hogan appointed/reappointed 15 board members to TEDCO’s board of directors.

“We welcome the new members and elected Executive Officers,” said Rob Rosenbaum, president and executive director of TEDCO. “We look forward to their contributions in fostering TEDCO’s mission to promote entrepreneurship and support early-stage innovation in Maryland.”

TEDCO board members must be residents of the state and represent the nonprofit research sector, venture capital financing, technology-based businesses, the general public and colleges or universities. They are leaders in their sectors and represent the major geographic regions of the state. For the full list of TEDCO’s board of directors, click here.

The Maryland Technology Development Corporation (TEDCO) is the go-to source for entrepreneurial support and guidance for start-ups and early-stage companies engaged in bringing innovative ideas to the market. For more than a decade, the organization has provided funding, mentoring and networking opportunities to support Maryland’s innovation ecosystem. While founded by the Maryland General Assembly, TEDCO is an independent entity that makes seed/early-stage investments and manages private capital for angel and capital venture funds. It is frequently ranked as one of the most active seed/early-stage investors in the nation. The organization plays a key role in bringing research created in Maryland’s educational institutions and federal laboratories into the commercial marketplace. For more information on TEDCO and its program and resources, visit