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Builder Fund

The Pre-Seed Builder Fund invests in and provides executive support to Maryland-based technology companies run by entrepreneurs who demonstrate economic disadvantage. The Builder Fund invests with the goal of helping companies reach meaningful milestones and becoming attractive investments to larger institutional investors. 

Builder Fund Fact Sheet

Builder Fund Fact Sheet (Spanish)

Who Should Apply

We welcome pre-seed technology start-ups from all industries to apply. However, to be applicable, a company must meet all of the following qualifications:

  • Principal place of business is in Maryland
  • At least one full-time employee
  • No less than 50% of founders demonstrate economic disadvantage


The Builder Fund typically invests in amounts up to $200,000 via convertible notes. Funded companies are also provided Builder Fund resources which may include both hands-on and educational executive support, peer-to-peer mentorship/collaboration, and networking opportunities.

Additional Builder Fund Team

Harry Alford
Builder Fund Entrepreneur-in-Residence

Harry Alford is co-founder of venture development firm Humble Ventures where he supports diverse entrepreneurs and drives innovation forward in partnership with startups, investors, and established enterprises. Harry’s previous experiences include managing an accelerator, due diligence with a venture capital firm, and exiting an e-commerce startup. Harry will be leading the Builder Fund’s work with its new and existing portfolio companies. He will be leveraging his experience as both an operator and investor to ensure Builder Fund companies reach their milestones and accrete value rapidly.

How to Apply

Opportunities are assessed on an ongoing basis. To ensure fairness, all Builder Fund applications must be received online through the application page on TEDCO’s website for further review. Applications that are received through other means, such as email or mail shall not be considered or reviewed for funding.


Before applying, applicants are encouraged to familiarize themselves with the applicable TEDCO investment legislation regulations at: