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Novel Microdevices, based in Baltimore, Md., is a woman-owned medical device company, working to revolutionize clinical diagnostics. Through this effort, the company has developed the Novel Dx device, a cost-effective, portable, rapid, and easy-to-use testing solution.

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The five-person company, which is based at the Maryland Innovation Center in Columbia, has received $110,000 from the Maryland Technology Development Corp.'s Builder Fund and its Rural and Underserved Business Recovery from Impact of COVID-19 (RUBRIC) fund as well as $250,000 from the Maryland De

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COLUMBIA, Md., March 29, 2023 /PRNewswire/ — TEDCO, Maryland’s economic engine for technology companies, announced a recent round of funding through the Maryland Innovation Initiative (MII). MII accelerates the commercialization of technologies from bench to market.  

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Established in 2012, the MII program was created as a partnership between the State of Maryland and five Maryland academic research institutions: Johns Hopkins University; Morgan State University; University of Maryland, Baltimore; University of Maryland, Baltimore County; and University of Maryl

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TEDCO, Maryland’s economic engine for technology companies, announced a recent Pre-Seed Builder Fund investment of $150,000 into CyDeploy, a woman- and minority-led startup working to provide businesses with security solutions to improve the overall functionality of their systems.

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Last updated August 27, 2026