News Archive

Frederick biotechnology firm Veralox Therapeutics has raised a $5.4 million seed round of funding, to help push its first drug candidate toward clinical trials.

Sonavex, Inc., a privately held medical device company focused on empowered patient care, announced that it received a $3 million Phase IIB Small Business Innovation Research (SBIR) grant from the National Institutes of Health to use its EchoMark & EchoSure devices to support arteriovenous (AV)

The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019 under its Federal and State Technology (FAST) Partnership Program. FAST’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small

The Maryland Technology Development Corporation (TEDCO) was awarded a grant of up to $125,000 Tuesday by the U.S. Small Business Administration under its Federal and State Technology (FAST) Partnership Program.

Jody Sprinkle is tasked with strengthening relationships between state legislators and the Maryland Technology Development Corp. (TEDCO), as the funding organization enacts mandated reforms. The state-backed funding organization has created a new director of government relations position and hired

NextStep Robotics, a University of Maryland, Baltimore start up tackling stroke rehabilitation, specifically foot drop, has been awarded Phase I of a Fast Track Cooperative Agreement application worth up to $5.4 million over four years by the National Institutes of Health.

The Maryland Technology Development Corp. (TEDCO) announced the lunchtime keynote speaker for its annual Entrepreneur Expo, to be held at The Hotel at University of Maryland, on Tuesday, Oct. 29: Linthicum-based Paragon BioServices’ and the University of Maryland, Baltimore’s Marco Chacón.

TEDCO's Maryland Innovation Initiative (MII), a program designed to propel research from partner universities towards commercialization, has had a strong, demonstrable impact on many important life science portfolio companies in the BioHealth Capital Region (BHCR).

Healthcare compliance analytics company Protenus today announced a $17M investment from some of the country’s top healthcare technology investment firms, to keep up with growing customer demand and to continue partnering with health systems that aim to take a more innovative approach to maintain

Examining efforts by competitor states and national leaders

InferCabulary, a leader in providing visual vocabulary to support literacy in grades 1-12, announced that it has become a Google for Education Build Partner. InferCabulary was chosen as a partner as it easily integrates with Google for Education products, such as Google Classroom, in addition to

Maryland Technology Development Corp. has elected four new executive officers to its board of directors as the organization works to reshape its internal policies to meet new legislative requirements.

Potomac startup Curbio Inc., which helps homeowners renovate their houses to get a higher price at sale, has raised $7.1 million in fresh funding from several big name investors, according to a recent Securities and Exchange Commission filing.