Maryland TEDCO to increase Technology Commercialization Fund by $125K
Before handing out the annual ICE Awards on Thursday morning, TEDCO President Rob Rosenbaum detailed some new startup funding that will be available through the state-backed tech organization. According to Rosenbaum, TEDCO’s Technology Commercialization Fund will be equipped to make awards of $225,000, with the money available over a 24-month period. That’s a $125,000 increase over […]
Md. venture fund helps bring Indiana tech firm to Frederick
A Maryland state-sponsored venture capital fund is helping a growth-minded technology firm move its headquarters from Indiana. The Department of Business and Economic Development said Monday that the Maryland Venture Fund has invested $500,000 in Blue Pillar, a company that makes software to help large organizations manage energy consumption. Blue Pillar’s business relations chief, Scott […]
University Of Maryland, Baltimore Invests $100,000 To Complete Harpoon Medical’s $3.6M Series A Financing
University of Maryland (UM) Ventures and Harpoon Medical, Inc. announced today that the University of Maryland, Baltimore (UMB) has invested $100,000 in Harpoon Medical. This is the first equity investment UM Ventures has made in a company and completes Harpoon Medical’s $3.6M Series A financing. The investment also coincides with the U.S. PTO’s decision to […]
Early stage digital health companies get some love from Maryland TEDCO fund
Vheda Health, a digital health company that seeks to help people with chronic conditions, is one of a handful of healthcare startups that have received backing from a commercialization fund from Maryland’s Technology Development Corp. They were part of a list of 15 companies that received $1.5 million. It follows a funding allocation from earlier […]
Maryland Investment Fund Announces $600,000 Growth Investment in Motionsoft
The Maryland Venture Fund (MVF), the equity investment arm of the Maryland Department of Business and Economic Development (DBED), has invested $600,000 in Rockville-based Motionsoft, a leading provider of SaaS member relationship management software (MRMS) and payment services for the health and fitness industry. Annapolis, Maryland (PRWEB) October 20, 2014 The investment comes as part […]
This $50M investment fund has money for Maryland health companies it says are being ignored by investors
A new venture fund will target Maryland companies that have been skipped over by other deep-pocketed investors who focus on technology hotbeds like Silicon Valley. BioHealth Innovation Inc. on Tuesday announced its new $50 million BioHealth Gap fund. The fund will invest in early-stage life sciences, pharma, health IT and related companies based in central […]
KoolSpan, BrainScope get $700K in Maryland Venture Fund backing
The Maryland Department of Business and Economic Development says its Maryland Venture Fund has made follow-on investments in two Maryland startups totaling $700,000.
Maryland TEDCO Gets $500K in State Funding For Rural Innovation Program
The Maryland Technology Development Corp. will receive $500,000 in state funding during fiscal 2015 to operate its well-received Rural Business Innovation Initiative program. Previously, RBI2 had been funded at a lower level through federal dollars or directly by TEDCO.
InvestMaryland backs two state start-ups for $350K
Two Maryland tech companies, Silver Springs-based ReelGenie in and Baltimore-based SocialToaster, received investments totaling $350,000 through the State’s InvestMaryland program, created by Governor Martin O’Malley and the state’s General Assembly to make venture capital investments in
U Maryland MIPS awards $3.8M to matching innovation grant program
A University of Maryland, College Parkprogram has awarded $3.8 million to 17 teams of university researchers working with state companies on projects to bring technology products to market. The Maryland Industrial Partnerships program provides matching grants to companies that partner with university researchers to accelerate technology commercialization. Companies involved in the program are contributing $2.3 million […]