CarrTech Corp., based in Frederick, Md., is a business that has created a safer, cost-effective, and more efficient way of administering medication. This device FROG®, allows healthcare workers to take a seven-step process down to a single step. Additionally, the all-in-one packaging allows for a reduction of environmental waste and lowers healthcare costs.
Maryland-based business protecting individuals and businesses from environmental hazards through the use of its innovative sensor technology
Givhero is a mobile-first solution that lets human resources (HR) teams customize, run and measure well-being programs with a social impact, helping to increase employee engagement and advance CSR, ESG and DEI objectives. Employers tap into the power of purpose by supporting community causes employees care about and rewarding healthy behaviors with donations to those charities. Givhero can help increase well-being engagement and reduce HR Admin time for value-driven organizations.
Routespring provides workforce and business travel management for mid-size to large enterprises. It uses a proprietary Large Language Model (LLM) to plan and book travel for industries with real-time travel needs. It counts a major US airline and a private wildfire firefighting organization among its 30+ customers.
Biotech company receives follow-on funding to accelerate ongoing clinical development efforts
TECCO provided SSBCI funding to Novel Microdevices, providing support for the company's mission of providing lab-level accuracy results for diagnostic testing, allowing for faster and more informed patient care.
So far in the 2023 fiscal year, the fund invested $600,000 into the 3 companies. In addition to these companies, the program funded an additional 12 projects for its technology assessment grant for a total of $1.6 million. Each of these projects reflects the technological excellence and diversity that can be found in our Maryland partner universities. A full list of the grant awardees can be found on the MII website.