TEDCO, Maryland’s economic engine for technology companies, and the Maryland Business Innovation Association (MBIA) announce the fiscal year 2026 (FY26) awardees of the MBIA Commercialization Innovation Grant (MCIG).
This competitive program was open to startups participating in one of MBIA’s member entrepreneurial support organizations. A volunteer team of 13 industry professionals and experienced entrepreneurs evaluated 17 applications and selected nine Maryland-based startups to receive up to $5,000 each to advance their commercialization efforts while strengthening the state’s innovation ecosystem through the use of Maryland-based vendors and service providers.
“It is an honor to collaborate with TEDCO and our tireless entrepreneurial support organizations to shine the light on and back founders working at the very tipping point of innovation,” said Hakim Dyer, interim executive director of MBIA. “Maryland is where strong ideas connect with deep technical capacity to become the products, services and companies of the future.”
The MBIA Commercialization Innovation Grant, long funded by TEDCO, provides vital nondilutive financial support to early-stage Maryland startups developing innovative, technology-enabled business models that often face challenges securing funding for the essential resources needed to advance commercialization. The FY26 MCIG awardees are developing life-changing technology, improving institutional reporting capacity, managing health records and strengthening energy infrastructure.
Source: TEDCO and MBIA Announce Awardees for the Commercialization Innovation Grant | citybiz
