TEDCO, Maryland’s economic engine for technology companies, Wednesday announced the appointment of Jack Miner as the organization’s chief investment officer.
An experienced entrepreneur, venture creation expert and economic development specialist, Miner is the new chief investment officer to lead TEDCO’s investment activity through the Builder, Seed and Maryland Venture Funds.
Miner said TEDCO and Maryland officials have done a great job enabling innovation through the Seed, Builder and Maryland Venture Funds, Miller said. He added the organization’s work over nearly 23 years created momentum on which it can provide the necessary funding to ‘lead innovation to market.’
Miner was the managing director for Cleveland Clinic Ventures, where he oversaw a team focused on its portfolio companies, and led efforts to spin-off new companies. Miner’s team played a pivotal role in developing funding strategies, technology roadmaps, and business models for its portfolio companies.
Prior to Cleveland Clinic Ventures, Miner was the director of the Venture Center at University of Michigan (UM) Tech Transfer. At UM, he launched more than 50 startup companies and worked with a portfolio of more than 300 emerging technologies spanning all industries.
Companies from the Tech Transfer portfolio raised billions of dollars over the years, with $700 million in venture capital under his leadership. Prior to this, he had roles within seven different venture capital-backed software companies, where he witnessed the business creation and monetization process of the companies.
TEDCO has carried the innovation to market banner for more than 22 years and has added tremendous value to the state’s evolving entrepreneurial ecosystem. Recognized as one of the most active seed/early-stage investors in the nation, TEDCO has a diverse portfolio of more than 400 investments. TEDCO has leveraged more than $1 billion in follow-on venture capital investment in the portfolio of companies supported; and more than 7,800 jobs created at an average salary of $74,700.
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