The Maryland Technology Development Corporation (TEDCO) announced today that Robert A. Rosenbaum has resigned as President and Executive Director of the organization, effective immediately. Mr. Rosenbaum intends to pursue other interests.

Newt Fowler, Chair of TEDCO’s Board of Directors, states, “The entire Board wishes Rob well in his future endeavors. During his five-plus years with TEDCO, the organization has continued to serve effectively as Maryland’s go-to source for entrepreneurial support and guidance for start-ups and early-stage companies engaged in bringing innovative ideas to market.”

Fowler adds that TEDCO will begin a nationwide search to find a new CEO. John Wasilisin, who has been TEDCO’s Executive Vice President and Chief Operating Officer since 2007, has been promoted to President and Chief Operating Officer, effective immediately.

“John has a long and distinguished leadership career in business and government service, including 38 years in economic and workforce development,” notes Fowler. Before joining TEDCO, Wasilisin served as Deputy Secretary of the Maryland Department of Budget and Management and Deputy Secretary of the Department of Labor, Licensing and Regulation. Prior to that, John was the Chief Administrative Officer for Baltimore County Government.

“With the support of both TEDCO’s incredible, highly capable staff and our Board of Directors – all of whom are dedicated to entrepreneurial assistance – I have every confidence that TEDCO will continue to be the lead source for entrepreneurial business assistance and seed funding in Maryland, helping to foster the development of startup companies that are at the heart of this state’s innovation economy,” Wasilisin says.

TEDCO is Maryland’s leading source for entrepreneurial business assistance and seed funding for the development of start-up companies in the state. In Maryland and beyond, TEDCO is a resource of mentoring, funding, and networking for entrepreneurs and start-ups that need guidance as they bring innovative concepts to market.


TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at

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