TEDCO, Maryland’s economic engine for technology companies, announced a recent round of investments through its Maryland Innovation Initiative (MII), marking a significant milestone in promoting the commercialization of groundbreaking research from Maryland’s prestigious academic institutions
The $2.1M invested in seven companies to advance innovations from lab to market in Maryland
“The latestawards highlight the innovative research in university labs with tremendous commercial potential across multiple industries,” said Abi Kulshreshtha, Ph.D., executive director, MII. “We are excited to continue MII’s role in advancing Maryland’s innovation-driven economic development strategy.”
The fund recently invested $2.1 million into seven companies who are pushing the boundaries of innovation:
- Gelectric Medical, Inc., located in Baltimore, Md., is a University of Maryland, College Park (UMCP) spinout commercializing a reversible soft-tissue suture alternative for intestinal tissue repair: AnastoTape.
- Imagining Reality Insights and Solutions, located in Baltimore, Md., is a UMCP spinout commercializing IRIS Reads, an XR based reading intervention app for children with dyslexia and other struggling readers.
- Reversal Therapeutics, located in National Harbor, Md., is a UMCP spinout commercializing a new therapeutic to address drug misuse and addiction.
- FlexiCharge: Harnessing Human Energy to Power Wearable Devices, located in Ellicott City, Md., is a University of Maryland, Baltimore County spinout developing technology to power wearable devices with body heat.
- US Plasma, located in College Park, Md., is a UMCP spinout that is working to electrify manufacturing and synthesis of new materials with minimal to negative carbon emission.
- Relai.ai, located in Bethesda, Md., is a UMCP spinout that enhances the reliability of AI models.
- New Copper, located in College Park, Md., is a UMCP spinout enabling 3D printed electronics through a conducting technology using recycled copper.
Full story: TEDCO’s Maryland Innovation Initiative (MII) Announces Recent Investments
