TEDCO Happenings

Find out about recent developments and upcoming events of interest to our portfolio companies and your business.

TEDCO's July Newsletter is now available

Stay up to date on current news at TEDCO, get an overview of our awards and programs, and learn about entrepreneurial opportunities happening in Maryland. 

TEDCO’s Maryland Innovation Initiative Funds $4.22 Million For Start-Ups

The Maryland Technology Development Corporation (TEDCO), Maryland’s economic engine for technology companies, announced its recent investments through the Maryland Innovation Initiative (MII). With the latest round of funding, MII’s funding count for FY19 includes 26 technology assessment grants and seven start-up investments for a total of $4.22 million. True to its technology agnostic funding history, this year the startups ranged from Cleantech to AI and Biotech.

TEDCO NOW HIRING: Director, Government Relations

To apply, please send cover letter and resume to RSVP@TEDCO.MD.

Applications will be considered as they are received.  

The position will remain open until filled.

TEDCO to Host Entrepreneur Expo on October 29

Vensana Capital’s Justin Klein and AllegisCyber’s Bob Ackerman morning keynotes at the Expo

Event

SBIR Road Tour

College Park, Maryland, will serve as a SBIR Road Tour stop for the state of Maryland, and will provide 300 attendees with an opportunity to hear directly from the participating federal agency program
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Longeviti Neuro Solutions, a TEDCO portfolio company, raised $9.6 million in a new round of funding

A local company developing medical devices for use in neurosurgeries has raised $9.6 million in a
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Press Release

TEDCO's Maryland Innovation Initiative Public Meeting Notice 7-16-19

* * PUBLIC MEETING NOTICE * * TEDCO’s Maryland Innovation Initiative WHAT: The Maryland Technology
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TEDCO used $4.2 million to help commercialize university research last year

A TEDCO program designed to help universities turn research into commercial activity funded seven
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Whitebox raises $5M for its e-commerce logistics platform

Whitebox, a startup that CEO Marcus Startzel said is working to “power the direct-to-consumer
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Press Release

TEDCO’s Maryland Innovation Initiative Funds $4.22 Million For Start-Ups

TEDCO’s Maryland Innovation Initiative Funds $4.22 Million For Start-Ups Program accelerates
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MSCRF Public Meeting Notice 7-1-2019

* * PUBLIC MEETING NOTICE * * Maryland Stem Cell Research Commission WHAT: The Maryland Stem Cell
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TEDCO Maryland Innovation Initiative awardee in the news

University of Maryland, College Park will work to create a universal flu vaccine, fueled by a new $3
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Congratulations, McKeever (Mac) Conwell,II! VC Unlocked Scholarship Recipient!

Cross Culture Scholarship: McKeever Conwell
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Press Release

TEDCO to Host Entrepreneur Expo on October 29

Vensana Capital’s Justin Klein and AllegisCyber’s Bob Ackerman morning keynotes at the Expo COLUMBIA
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RoosterBio Inc. receives $300K grant from TEDCO's Maryland Stem Cell Research Fund to commercialize MSC-EV Technology

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Press Release

TEDCO ANNOUNCES CEO GEORGE DAVIS IS COMPLETING HIS TENURE WITH GAINS FOR ENTREPRENEURS, LOCAL START-UPS, AND INVESTMENTS FOR MARYLAND

COLUMBIA, Md. (June 12, 2019) — The Maryland Technology Development Corporation (TEDCO), Maryland’s
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TEDCO portfolio, BurnAlong, in Forbes

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TEDCO's Maryland Innovation Initiative awardee, Natalia Trayanova, inducted into the WITI (Women in Technology International) Hall of Fame

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Press Release

TEDCO Charts New Direction for Maryland Venture Fund

Jones Pursuing New Opportunities COLUMBIA, Md. (May 30, 2019)— The Maryland Technology Development
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TEDCO portfolio company and The Johns Hopkins University founded medical research firm LifeSprout gets financing boost (secured $6.5 million)

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Jessica Wilhelm, co-owner of Timbercat Enterprises LLC, won the prize donated by TEDCO

Wilhelm won the prize donated by TEDCO for her plan to improve the longevity of her business, now in
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Airgility's drone, a TEDCO Maryland Innovation Initiative company, could potentially save your life in a mass casualty situation

A drone could potentially save your life in a mass casualty situation, thanks to a Maryland-based
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Press Release

Maryland Stem Cell Research Commission Announces $6.6 Million in Stem Cell Program Awards

Maryland Stem Cell Research Commission Announces $6.6 Million in Stem Cell Program Awards Request
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TEDCO awards $6.6M in stem cell funding to 24 researchers, startups (via the Maryland Stem Cell Research Fund Commission)

Maryland Technology Development Corp. has doled out $6.6 million in funding awards to companies and
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Attila Security, a TEDCO portfolio company, now listed by the National Information Assurance Partnership (NIAP)

Attila Security, a trusted leader of cyber security solutions for government agencies and commercial
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TEDCO Portfolio Company, NEXTSTEP ROBOTICS Receives $600,000 In Second Funding Round

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Mindoula Health, Inc., a TEDCO/ Maryland Venture Fund portfolio company, raising $4.25 million

Silver Spring's Mindoula Health Inc. is raising $4.25 million.
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Press Release

MII Public Meeting Notice 5-14-2019

* * PUBLIC MEETING NOTICE * * Maryland Innovation Initiative WHAT: The Maryland Technology
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Osmosis's Co-Founder, Shiv Gaglani gives a TEDx Talk (A TEDCO Portfolio Company)

TEDx Talk about Osmosis's origin and vision
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TEDCO portfolio company, LifeSprout, in Science magazine

A new injectable gel could help repair damaged soft tissues.
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Howard’s ScholarMe gets TEDCO funds

The Maryland Technology Development Corp. (TEDCO) announced the second round of startups receiving
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Medical device startup CoapTech, LLC has gained clearance from the U.S. Food and Drug Administration for its first product (a TEDCO and University of Maryland, Baltimore company)

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Pioneering Breakthrough: Unmanned Aircraft Delivers Organ for Successful Kidney Transplant in Maryland

Funded by the Maryland Innovation Initiative Fund
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TEDCO funds three more 'economically disadvantaged' Maryland startups

Maryland Technology Development Corp. will give up to $50,000 in funding to three startup companies
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BioFactura, Inc., a TEDCO portfolio company, raises $6M Series B

University of Vermont Health Network Ventures and Wilson Sonsini Goodrich & Rosati Invest in
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A significant milestone for a great TEDCO MII portfolio company - CoapTech (gets FDA clearance for PUMA-G System)

CoapTech LLC, a medical device company focused on delivering transformative solutions for minimally
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TEDCO Funds 3 Firms Founded by Disadvantaged Entrepreneurs

Three startups received funding this week from a TEDCO fund designed to help firms founded by
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Press Release

MSCRF Public Meeting Notice 5-6-2019

* * PUBLIC MEETING NOTICE * * Maryland Stem Cell Research Commission WHAT: The Maryland Stem Cell
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Press Release

TEDCO Announces Second Round of Startups Receiving Pre-Seed Builder Funds

Program Supports Socially or Economically Disadvantaged and Diverse Entrepreneurs in Maryland
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Press Release

TEDCO Helps to Create Over 60 Jobs Through Salisbury University Competitions

Shore Hatchery and Student Entrepreneurship Business Competitions Yield High Results from 2013 to
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Paragon acquisition gives a jolt to Md. biotech industry

Monday the firm announced that it had agreed to be acquired by Catalent Biologics in a more than $1
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TEDCO Builder Fund’s Remodelmate closes first investment round, raising $525K

A startup that came in at number 8 on Technical.ly DC’s 2018 realLIST just closed on its first
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Remodelmate, TEDCO Portfolio Company, Closes $525K Seed Round

Home remodeling marketplace remodelmate announced today they raised a $525,000 seed round led by
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Press Release

Maryland Stem Cell Research Commission Announces Funding Opportunities

Maryland Stem Cell Research Commission Announces Funding Opportunities for stem cell research
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10 BioHealth Start-Up CEOs in Baltimore

New startup founders and CEOs draw on the experiences of fellow entrepreneurs in what has been
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ClearMask, TEDCO Portfolio Company, featured on WMAR-2 News Baltimore

Two Johns Hopkins University are reinventing the surgical mask to make quality health care
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Entrepreneurship Center Accepting Applications for F3 Tech Pre-Accelerator

F3 (Farm-Fish-Food) Tech – an initiative of the Eastern Shore Entrepreneurship Center – is now
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VoiceVibes, a TEDCO portfolio company, uses AI to automate the process of polishing speech

Founder Debra Bond Cancro on the company's algorithms and approach: "The idea of giving people
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Ellen Ambrose’s path to Fells Point’s Protenus, a TEDCO portfolio company

Ambrose talks about moving from academia to a tech company, and taking on a leadership role.
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This group is where women leading startups learn from each other

The monthly meetings of TEDCO's Women's Executive Leadership Roundtable help execs deal with
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BurnAlong, a TEDCO portfolio company, raises $1.5M, moves to new offices in Pikesville

The startup is looking to offer its streaming health and fitness classes to organizations for use by
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Johns Hopkins spinout and TEDCO portfolio company Vixiar gets $1.5M for tablet-based cardiac measurement system

Vixiar's system measures left ventricle end-diastolic volume by walking the patient through a
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Vixiar Medical Raises $1.5 Million in Additional Financing

Vixiar Medical, Inc., a privately held Maryland company dedicated to the development of non-invasive
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Check out Sisu Global Health on the 60 Minutes segment featuring the Rise of the Rest. Congrats to Carolyn Yarina and the team! (A TEDCO portfolio company)

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Photo of TEDCO CEO George Davis and others in offices

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