Maryland TEDCO’s $1 billion economic impact could be bigger

The Maryland Technology Development Corp. contributed $1 billion to the state’s economy and created more than 4,000 jobs in 2015, according to a new study. In a December report, nonprofit research firm Battelle described TEDCO’s economic impact as a significant and growing contribution to Maryland’s economy, but also pointed to room for improvement. TEDCO lags […]

TEDCO program lets startups borrow veteran executives – Baltimore Sun

Plenty of small businesses seek out bank loans. But now Maryland startups can borrow an executive. A new program is lending young companies some human capital to help advance their businesses. The Maryland Technology Development Corp., better known as TEDCO, has provided a half-dozen companies with experienced executives as often as two days a week […]

Maryland TEDCO restructures to funnel more money into state start-ups

  One of Maryland’s most active early-stage investors, the Technology Development Corp. , or TEDCO, has restructured some of its existing programs and added others in hope of funneling more money to the state’s upstarts. Created by the Maryland General Assembly in 1998, TEDCO has almost exclusively invested state money to date. That will change under its new programs, which […]

InvestMaryland Forum Draws More Than 200 Entrepreneurs, Venture Capitalists

BALTIMORE, MD – The Maryland Venture Fund Authorityalong with the Maryland Department of Business and Economic Development (DBED) hosted a free public forum on InvestMaryland – a state sponsored initiative to invest in the Maryland’s start-up and early stage companies. The forum, held on the Johns Hopkins University Rockville campus, drew more than 200 entrepreneurs, venture capitalists and other […]

Invest Maryland: Insurance-company credits lead to new start-up dollars

Eleven Maryland-based insurance companies recently won an online auction of tax credits that generated $84 million for a program designed to invest in “promising” new in-state companies. Martin O’Malley Gov. Martin O’Malley last year created InvestMaryland, implemented through the Venture Fund Authority and the Maryland Department of Business and Economic Development (DBED), to invest in […]