News Archive

On Wednesday, March 22nd, the nonprofit Cybersecurity Association of Maryland, Inc. (CAMI), in partnership with PNC Bank and Point3 Security, hosted the inaugural Maryland Cybersecurity Awards Celebration.

Pamela Ruff, John Wasilisin, Derryck Fletcher, Sean Looney, and Susan Simmons join board of directors.

Five companies have received funding through the Maryland Technology Development Corporation’s (TEDCO) Seed Investment funds.

Maryland startups made waves on a national stage this week, with all four finalists at the Association of University Technology Managers business plan competition coming from the state.

Over the course of four quarterly rounds over the next year, the new Minority Business Pre-Seed fund will award up to 10 African-American entrepreneurs with an investment up to $40,000 each to test business assumptions and build prototypes for initial market testing.

State support for innovation is working. From the biotech and cyber security tax credits given to angel investors of Maryland-based companies, to the Maryland Venture Fund to TEDCO, the state has played a critical role in providing much needed funding for all stages of technology commercialization.

The investigational CardiAMP therapy is designed to deliver a high dose of a patient’s own bone marrow cells directly to the point of cardiac dysfunction, potentially stimulating the body’s natural healing mechanism after a heart attack.

The key to innovation districts is to drive not only growth of favored business sectors (for Baltimore, cyber, health care, ed-tech…) but to do so in a way that includes advancement for the economically disadvantaged.

Brian Corbett has joined TEDCO as director of seed investment funds. Corbett is responsible for the day-to-day operations of its seed investment funds and the management of the portfolio companies.

Untethered, which launched nearly two years ago, is backed by over $575,000 in seed funding. Last year, it received $100,000 from the state-backed Maryland Technology Development Corp.

With a new fund for Black entrepreneurs and a streamlined process for its seed funding, the economic development group is undergoing a major refresh.

The Maryland Technology Development Corporation and The Harbor Bank of Maryland Community Development Corporation have launched a pilot program to provide pre-seed capital and mentor minority tech entrepreneurs in the state.

Baltimore-based mobile health company recognized for medication adherence platform

The Maryland Technology Development Corp. and a division of one the state’s biggest minority-owned banks are teaming up to start a program aimed at providing early funding to African-American startups.