Leading Innovation to Market. TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland.


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Enhance economic empowerment by fostering an inclusive and entrepreneurial innovation ecosystem. Identify, invest in, and help grow technology companies in Maryland.


TEDCO will be the recognized national leader for supporting translational research, and technology-based, economic and entrepreneurial development while being the hub of Maryland’s innovation ecosystem.

Core Values

Our core values unite us and guide our efforts and interactions with people inside and outside of TEDCO. They are critical in TEDCO’s commitment to excellence in carrying out its mission and serving its stakeholders:



We take responsibility for our actions and for adherence to our mission, and we ensure that this responsibility is ingrained throughout the organization. We measure our activities and report our outcomes to our stakeholders. We do the right thing.



We focus on building trust and credibility across the organization and with all people across the state. We are transparent in the exchange of ideas and our encouragement of one another. We value teamwork in our pursuit of supporting innovation and entrepreneurial excellence.



We provide the best quality service to all stakeholders and strive to exceed expectations. We pursue innovation and entrepreneurial success with the highest regard for moral, ethical and inclusion standards. We stand by what we say and what we do, and we always act in an honest and open way.



We uphold a culture of respect at work, within our communities, and nationally. We embrace diversity, equity and inclusion while also valuing our employees for their individuality and the unique perspectives that they bring to the organization.



We take seriously our responsibility to manage scarce resources and to serve as stewards of State, Federal, and private funds. We value our ability to create a sense of belonging and to serve our customers in an efficient and fiscally responsible manner. We encourage and empower TEDCO’s staff to act in accordance with our culture.


TEDCO Core Values


View Our Core Values Video

About TEDCO 

TEDCO (Maryland Technology Development Corporation) is an independent instrumentality of the State of Maryland, established by the Maryland General Assembly in 1998, to facilitate the creation of businesses and support their growth in all regions of the State. TEDCO's role is to be Maryland's leading source of funding for early-stage, technology-based businesses; to provide other business assistance to entrepreneurs throughout the State; and to foster technology transfer and commercialization from the State’s universities and Federal labs. TEDCO is leading innovation to market in Maryland and contributing to a robust entrepreneurial ecosystem in the State through its various programs and funds.


TEDCO Overview (Spanish)

TEDCO Face Sheet

25th anniversary


Recent TEDCO news

TEDCO's Institute for Women Entrepreneur Excellence: Empowering Women Leaders in Maryland

Dr. Linda Singh, CEO of Kaleidoscope Affect and Supporting Executive Director of the Institute for Women Entrepreneur Excellence joined Good Morning Washington to discuss the challenges and opportunities women face to assume leadership roles. TEDCO’s Institute for Women Entrepreneur Excellence was

Maryland’s software standouts: Leading the way with TEDCO’s support

The software industry is a dynamic force driving progress across all sectors. Maryland is home to a vibrant ecosystem of software companies tackling complex challenges and developing cutting-edge solutions. Championing this ecosystem is the Maryland Technology Development Corporation (TEDCO)

How these startup-supporting orgs find companies and help them grow

Learn about resources available for entrepreneurs and the benefits of partnering with local groups.

People on the Move - Troy LeMaile-Stovall

Troy LeMaile-Stovall, MS, MBA, has been appointed to the University of Maryland School of Medicine (UMSOM) Board of Visitors. He is the CEO of TEDCO, Maryland’s economic engine for technology-based start-up companies. In addition to his expertise in entrepreneurial innovation, LeMaile-Stovall brings

Impact on the State and Beyond

TEDCO is the hub of Maryland’s entrepreneurial ecosystem. Whether your start up needs mentors, funding, organizational assistance, or facilities for daily operations, your roadmap to success starts at TEDCO. Here are a few highlights from our portfolio:


in Economic Impact
since 1998



generated in State and local tax revenue annually

more than12,000

Jobs created in Maryland