News Archive

Medical device company raises $3M to support pilot rollout of blood flow monitoring products Sonavex, a TEDCO Portfolio Company

Maryland startups found a venue for networking, learning and commiserating Tuesday at the Maryland Technology Development Corporation’s annual Entrepreneur Expo. Founders celebrated successful exits in keynote addresses. CEOs and lawyers offered tips and war stories in breakout sessions for

The Maryland Technology Development Corp. is aiming to be able to once again make venture investments in local tech startups by the start of 2020. The state-backed funding agency stopped new investments while it enacted reforms mandated by the Maryland General Assembly.

The Maryland Technology Development Corporation (TEDCO) held its inaugural Entrepreneur Expo in 2011. The first Expo attracted approximately 300 attendees. Three times that number descended on The Hotel at the University of Maryland for its 9th annual Entrepreneur Expo on October 29th.

Startup Galen Robotics is moving into a 5,000-square-foot space in Pigtown where it plans to quickly scale its operations and grow its staff from 25 to up to 150 employees.

BALTIMORE, Md., Oct. 21, 2019 (GLOBE NEWSWIRE) -- CoapTech LLC announced today that the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) within the National Institutes of Health (NIH) awarded the company a two-year, $1.2M R44 Small Business Innovation Research (SBIR) Phase II

OST Global Solutions’ GovCon Incubator, a woman-owned small business, will train 20 additional Maryland small businesses on how to win government seed fund capital. The U.S. Small Business Administration (SBA) Federal and State Technology (FAST) grant was awarded to Maryland’s Technology Development

MF Fire has been transforming wood heat into clean, renewable energy, and eliminating particulate matter from wood fires since 2014. Today, MF Fire announced it received two (2) Department of Energy grants from the Office of Energy Efficiency and Renewable Energy totaling $2 million to aggressively

A Baltimore medical device firm that aims to prevent kidney injury was awarded the $25,000 grand prize in the Beta City Venture Capital Pitch Competition.

Dan Gincel, MSCRF's Executive Director and TEDCO's VP of University Partnerships, is featured in FITCI's In The Trenches video.

Debra Mathews, Assistant Director for Science Programs and Associate Professor at the Johns Hopkins Berman Institute of Bioethics, has been named to a two-year term as Chair of the Maryland Stem Cell Research Commission. The Commission is focused on identifying and fostering cutting-edge research

The Maryland Stem Cell Research Commission has awarded $1.35 million through five grants as part of the commission’s first round of funding for the fiscal year, the commission announced Tuesday.

Machfu, an industrial Internet of Things technology company, announced today that it has been awarded the Small Business Innovation Research(SBIR) Phase II extension grant for $1 million by the U.S. Department of Energy (DOE). Machfu won the Phase II award in 2017.

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.