News Archive

Maryland Technology Development Corp. is launching a new fund that will offer early stage investments of $50,000 to startups that may be overlooked by other funding organizations.

Historically, health care has spent fractions of a percent of its technology budget on security, a paltry proportion when compared to industries like finance that handle similarly sensitive data.

Sonavex, Inc., a announced today that it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its EchoMark and EchoMark LP soft tissue markers.

Under the new TEDCO 2.0 vision, MII is now poised to get even better, and Arti Santhanam, Ph.D. was recently appointed as the new MII Program Director to help make that happen.

Under the new TEDCO 2.0 vision, MII is now poised to get even better, and Arti Santhanam, Ph.D. was recently appointed as the new MII Program Director to help make that happen.

Light Point Security CEO, Zuly Gonzalez, will be speaking at the 2018 Techno Security & Digital Forensics Conference

The grant will go toward Longeveron’s clinical trial examining the safety and efficacy of its allogeneic mesenchymal stem cell product to improve flu vaccine immune-response in elderly patients with frailty.

Elixirgen Scientific’s new kit, Quick-miniBrain™ uses ES/iPSC differentiation to form miniaturized, 3D human brain tissues for drug discovery and toxicity screening.

To date, more than $139 million has been committed to over 400 research projects in the state through the fund. Earlier this year, TEDCO awarded $1.1 million to four other stem cell projects. All fund-sponsored projects must be conducted in Maryland and involve human stem cells.

Insightin Health, a Gaithersburg data startup that connects health insurers with consumers, has raised $2 million in seed financing. New York-based venture capital firm Health Catalyst Capital Management led the round with participation from several local investors.

TEDCO has awarded an herbal medicine company in Queen Anne’s County the first round of pre-seed funding offered through its recently expanded Rural Business Innovation Initiative. Lisa Ball, CEO of Plum Dragon, received a $25,000 investment to help grow her Chinese herb business.

BondTrue has also been accepted into the TEDCO’s mdPACE program as it works to expedite the FDA approval process.

A pair of Baltimore-based tech leaders are joining the board of directors for TEDCO.

Baltimore education technology startup Allovue has raised another $2 million, bringing its Series A financing round total to $7 million.