‘TEDCO 2.0’ comes into focus – Technical.ly Baltimore
TEDCO made a series of promotions and hiring moves as the state’s quasi-public organization backing early-stage companies looks to rework the programs it offers to help entrepreneurs. The latest announcement hones in on themes that recently-hired CEO George Davis touched on in announcing “TEDCO 2.0” at the organization’s Entrepreneur Expo in Baltimore last fall. Davis, who was an entrepreneur and […]
NextStep Robotics gets investment from U Maryland Momentum Fund
NextStep Robotics, a startup which makes a device to treat foot drop, closed on $750,000 in new funding, said CEO Brad Hennessie. The Baltimore-based company is the second to receive investment from the Maryland Momentum Fund, which was created by the University System of Maryland to back startups based on technology developed at the state schools. The Maryland […]
Johns Hopkins, University of Maryland, Betamore seek 5 health startups for new accelerator
Betamore, Johns Hopkins Technology Ventures and the University of Maryland, Baltimore are looking for five local digital health, bio-health or life sciences companies to participate in a new collaborative accelerator program. The application period for Trajectory Next is now open. The new 12-week training program will run from April 1 through June 15. The new […]
TEDCO stem cell investments yield 1,400 jobs in Maryland, report says
State-backed investments in stem cell research have resulted in the creation of nearly 1,400 new jobs over the past 10 years, according to new data from Maryland Technology Development Corp. The Maryland Stem Cell Research Fund, administered by TEDCO, supports research grants and loans to public and private entities. The funds are intended to help push innovative stem […]
U Maryland Ventures launches new fund, entrepreneurship space in Lion Brothers building
A new innovation space from the University of Maryland, Baltimore is opening inside the historic Lion Brothers building on Hollins Street. About 6,200 square feet of the 38,000-square-foot building will be dedicated to offices, class/meeting rooms and coworking space geared toward supporting entrepreneurship and technology startups. The new space will be called the GRID, an […]
The Maryland Venture Fund closed on $25M to invest in tech companies
The TEDCO-run investment arm closed on $25 million for the Maryland Innovation Opportunity Fund I, according to a press release. The money comes from Maryland’s State Retirement and Pension Fund. The state-backed fund, which focuses on tech, healthcare and life sciences, was transferred under leadership of TEDCO in 2015. It was then retooled as a new team […]
These 5 health startups just entered M-1 Ventures’ first cohort
The first sessions of an accelerator focused on health and fitness startups are being held this week at Johns Hopkins‘ FastForward East space. M-1 Ventures kicked off Tuesday with a cohort of five companies. The following companies were selected to participate, according to the accelerator: BurnAlong An Owings Mills–based startup developing a video platform allowing people to remotely link to […]
Oculus VR co-founder Brendan Iribe donates $50,000 to UMD’s Startup Shell
When junior computer science major Sam Drozdov approached Brendan Iribe — co-founder of virtual reality company Oculus VR — during the on-campus coding marathon Bitcamp in April, he wanted to build a relationship between the entrepreneur and the student-run organization Startup Shell. Drozdov didn’t expect Iribe to donate $50,000 to the group later that month. […]
John Hopkins baby box startup wins $25,000 through Hopkins Social Innovation Lab
A mother looking to prevent cases of sudden infant death syndrome in Maryland has won $25,000 to help fund her “baby box” startup concept. As a member of Johns Hopkins Social Innovation Lab’s 2016-2017 cohort, Shantell Roberts has been working on a venture around Portable Alternative Cribs, through her nonprofit Touching Young Lives Inc. Enlarge […]
TEDCO has new money to close your startup’s funding gap
TEDCO has new funding for startups who are past the seed funding stage but not quite ready for VCs. Maryland’s quasi-public agency that helps early-stage companies received $1 million from the state to create the Gap Investment Fund. The funding was provided in Gov. Larry Hogan’s 2018 budget, which passed the General Assembly during its recently completed 90-day […]