TEDCO Investment Spotlight

TEDCO, Maryland’s economic engine for technology companies, recently announced the newly appointed Board of Directors for the Cyber Maryland Program (“Program”). The Program was established by the Maryland General Assembly during the 2023 legislative session to develop and implement a strategy to address Cybersecurity related workforce vacancies in the state. The Program is managed by an 18-member Board of Directors, each with backgrounds in information technology and cybersecurity. 

TEDCO, Maryland’s economic engine for technology companies, announced a recent $300,000 Seed Funds investment into Impruvon Health, a startup company focused on improving medication management by simplifying the complicated manual workflows through their connected and automated medication platform. 

TEDCO, Maryland’s economic engine for technology companies, announced a recent $500,000 Venture Funds investment in University Startups, an edtech software as a service (SaaS) platform. TEDCO’s evergreen Venture Funds are dedicated to funding and growing the next generation of early-stage businesses in Maryland.

TEDCO, Maryland’s economic engine for technology companies, announces the selection of 100KM Ventures as one of the early-stage venture capital fund managers supporting the management and investment of up to $10 million U.S. Department of Treasury State Small Business Credit Initiative (SSBCI) funding.

TEDCO, Maryland’s economic engine for technology companies, announced a recent $25,000 Rural Business Innovation Initiative (RBII) Rural Pre-Seed Fund investment in Tomorrow’s Bio Today, a biotechnology company. TEDCO’s RBII was designed to enhance technology commercialization and provide technical and business assistance to small and early-stage companies based in rural Maryland. 

TEDCO, Maryland’s economic engine for technology companies, announced a recent $150,000 Pre-Seed Builder Fund investment in EBO, a woman- and minority-led startup. The Pre-Seed Builder Fund is housed under TEDCO’s Social Impact Funds which were created to engage and invest in economically underserved founders and communities.

TEDCO, Maryland’s economic engine for technology companies, announced a recent $300,000 State Small Business Credit Initiative (SSBCI) investment in Rendr. The SSBCI investment came through TEDCO’s Seed Funds.

TEDCO, Maryland’s economic engine for technology companies, announced a recent $200,000 investment from its Life Science Investment Fund (LSIF) into PediaMetrix, a biotechnology company working to detect body deformities in infants and improve patient outcomes. TEDCO’s LSIF lives under the Seed Funds umbrella and invests in companies that have a Federal Drug Administration (FDA) pathway. Participating in this round were also Blu Ventures, as well as a pediatrician.

Clymb, based in Baltimore, Md., is a company working to reduce the impact of mental, emotional and behavioral disorders in youth. Through its app, the organization provides users with the tools like mindfulness to assist with understanding and deescalating emotional storms. 

TEDCO, Maryland’s economic engine for technology companies, announced a $200,000 Social Impact Funds investment into ReBokeh, an assistive technology company that builds modern tools for those with moderate low vision.