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

How a unique competition united students from different backgrounds while establishing a foundation of leadership and entrepreneurial skills

Dr. Arti Santhanam realized she’d have to try something different. It was fall 2022, and the former executive director of TEDCO’s Maryland Innovation Initiative (MII) was looking for a way to promote commercialization efforts for universities with limited research budgets. What resulted was a series

TEDCO Announces the Cyber Maryland Board of Directors

TEDCO, Maryland’s economic engine for technology companies, recently announced the newly appointed Board of Directors for the Cyber Maryland Program. The Program was established by the Maryland General Assembly during the 2023 legislative session to develop and implement a strategy to address

14 groups win Baltimore Mayor’s Business Recognition Awards

The Greater Baltimore Committee (GBC), Baltimore Development Corporation and Baltimore Mayor’s Office honored the winners of the 49th annual Mayor’s Business Recognition Awards Dec. 13 at M&T Bank Exchange at the France Merrick Performing Arts Center in Baltimore.

TEDCO Accounces Christina DeMur as Board Member for the Maryland Innovation Initiative

TEDCO, Maryland’s economic engine for technology companies, announced the recent appointment of Christina DeMur, director of technology development at Johns Hopkins Technology Ventures, to the Maryland Innovation Initiative Board of Directors.

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