Five new stem cell grants awarded by state commission

The Maryland Stem Cell Research Commission has awarded $1.35 million through five grants as part of
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MACHFU AWARDED $1M PHASE II EXTENSION SBIR GRANT FROM THE DEPARTMENT OF ENERGY

Machfu, an industrial Internet of Things technology company, announced today that it has been
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Frederick biotech Veralox Therapeutics raises $5.4 million seed round

Frederick biotechnology firm Veralox Therapeutics has raised a $5.4 million seed round of funding
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TEDCO Portfolio Company, Veralox Therapeutics Raises $5.4 Million in Seed Funding Co-Led by JDRF T1D Fund and Sanofi Ventures

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NIH Awards Sonavex, Inc. $3 Million Grant to Pursue New Vascular Surgery Applications for EchoMark® & EchoSure®

Sonavex, Inc., a privately held medical device company focused on empowered patient care, announced
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Educational technology tool InferCabulary makes it easier for students to learn

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SBA Awards Grants to 24 Organizations to Support Small Business Innovation and R&D Commercialization

The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019
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TEDCO awarded SBA FAST grant

The Maryland Technology Development Corporation (TEDCO) was awarded a grant of up to $125,000
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Protenus completes $17M Series C round, led by LTP with participation from Providence Ventures

Healthcare compliance analytics company Protenus today announced a $17M investment from some of the
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NextStep, a TEDCO portfolio company, awarded NIH $1M cooperative agreement

NextStep Robotics, a University of Maryland, Baltimore start up tackling stroke rehabilitation
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TEDCO’s Maryland Innovation Initiative Fund Continues to Deliver Substantial Impact for Maryland Biohealth Companies

TEDCO's Maryland Innovation Initiative (MII), a program designed to propel research from partner
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TEDCO hires first government relations director

Jody Sprinkle is tasked with strengthening relationships between state legislators and the Maryland
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TEDCO announces Entrepreneur Expo for Oct. 29

The Maryland Technology Development Corp. (TEDCO) announced the lunchtime keynote speaker for its
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TEDCO highlighted as an innovation best practices from around the U.S in the newly released The Brookings Institution report

Examining efforts by competitor states and national leaders
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A TEDCO Portfolio Company, InferCabulary, Joins Google for Education as a Build Partner

InferCabulary, a leader in providing visual vocabulary to support literacy in grades 1-12, announced
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