No longer accepting proposals
Based on the number of responses to this RFP, TEDCO has determined that it needs additional time to
perform a thorough evaluation of all respondents. Thanks for your patience with this complex and important process.
About
TEDCO is seeking services from a qualified firm (“Firm”) that can help to identify qualified minority owned and run early stage venture capital funds. TEDCO is looking for an experienced allocator to vet, qualify, and recommend 3 to 4 venture fund managers. The “Firm’s” role is to review the candidate funds’ DDQ, Operations and Administration Manual, Compliance Guide, and perform an internal process review to ensure that the funds have the necessary processes and administrative structure to responsibly manage and invest U.S. Department of the Treasury SSBCI (State Small Business Credit Initiative) funds on behalf of TEDCO. TEDCO will expect the Allocator to recommend other industry best practices to ensure that a transparent and fair process is completed (the foregoing, collectively, the “Services”).
The goal of this RFP is to receive proposals from potential Firms, evaluate those submittals, and then select the Firm best suited to provide Services. Firm will provide managed services and support commencing on August 23, 2022.
All information included in this RFP is considered confidential and intended only for use by responders. No information included in this document, or in discussions related to TEDCO’s Firm selection efforts, may be disclosed to another party or used for any other purpose without TEDCO’s express written consent.
Minority business enterprises, as defined in Section 14-301(f) of the State Finance and Procurement Article of the Annotated Code of Maryland, are encouraged to respond to this RFP.
Key Dates
| Task | Completion Date |
|---|---|
| RFP Released | July 11, 2022 |
| Last Date to Accept Written Questions | July 27, 2022 |
| PROPOSAL DUE DATE | August 10, 2022 |
| Firm Selection | August 22, 2022* |
| Engagement Begins | August 23, 2022 |
*Based on the number of responses to this RFP, TEDCO has determined that it needs additional time to perform a thorough evaluation of all respondents. Thanks for your patience with this complex and important process.