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 reaches ‘dramatic crossroads,’ taking on 5 times more venture responsibility
Maryland Technology Development Corp.’s new board chair, Newt Fowler, is stepping in as the investment agency’s responsibility grows five-fold. TEDCO this year will take over disparate investment programs from Maryland’s Department of Business and Economic Development, most notably the state’s Maryland Venture Fund. All told, the shift will put an additional $100 million under TEDCO’s […]
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 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 […]
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 […]