Three startups received funding this week from a TEDCO fund designed to help firms founded by entrepreneurs from economically or socially disadvantaged backgrounds. As recipients from the Pre-Seed Builder Fund, these companies receive funding and executive management help from the ...
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January 15, 2019
Comments Off on Maryland firms topped $1B raised last year for first time since 2001
Venture-backed firms in Maryland raised more than $1.12 billion last year, the state’s best year since 2001, when venture-backed firms raised $1.27 billion, according the quarterly PwC/CB Insights MoneyTree report. The fourth quarter was the year’s weakest for Maryland firms, ...
Tagged with: MoneyTree Report startups venture capital
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January 9, 2019
Comments Off on New fund could create infrastructure for Md.’s innovation economy
Gov. Larry Hogan unveiled plans for a Maryland Technology Infrastructure Fund at his Opportunity Zone announcement last week. But this is something TEDCO has been planning for a while as it tries to find more ways for tech startups in ...
Tagged with: innovation economy opportunity zones startups TEDCO
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October 18, 2018
Comments Off on What the Port Covington announcement means for Maryland startups
The announcement Thursday that AllegisCyber and DataTribe would not only be moving to Port Covington but bringing a $400 million cybersecurity investment fund with them sent a jolt of excitement through Maryland’s startup community. The move will bring the type ...
Tagged with: George Davis port covington startups TEDCO Tom Sadowski University System of Maryland
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October 12, 2018
Comments Off on Baltimore startup finishes $5M funding round with plans to grow
Baltimore manufacturing software startup FactoryFour raised $5 million during a Series A funding round, the company announced Friday.
Tagged with: FactoryFour startups venture capital
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October 4, 2018
Comments Off on Md. Tech Council expands startup mentorship program statewide
The Maryland Tech Council will expand an entrepreneur mentorship program that aims to help startups bridge the gap between having an idea and generating funding.
Tagged with: Maryland Tech Council startups
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July 12, 2018
Comments Off on Report: Venture capital invests aggressively in Md. startups
Venture capital-backed startups in Maryland continued to attract strong investment dollars during the year’s second quarter as the state is poised for one of its best years for investment activity. Startups raised $247 million last quarter, less than the standout ...
Tagged with: MoneyTree Report PricewaterhouseCoopers startups venture capital
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June 8, 2018
Comments Off on TEDCO launches fund for underserved communities
The Maryland Technology Development Corporation hopes to spur entrepreneurship in traditionally underrepresented communities with a new Builder Fund to provide participating companies with money, networking and skills. The Builder Fund will combine education and funding as it attempts to lift ...
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April 20, 2018
Comments Off on TEDCO refocus aims to create ‘big, giant successes’
Under the Maryland Technology Development Corp.’s reorganization efforts, TEDCO’s funds will focus on being disciplined and making good investments, with an eye toward overall economic value towards the state. The organization does not want to just fund Maryland startups, it ...
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April 20, 2017
Comments Off on TEDCO to offer gap funds for startups between stages
The Maryland Technology Development Corporation will now help fund startups between the seed phase and the venture capital phase with a new Gap Investment Fund program. The money come from $1 million included in the state’s budget for the 2018 fiscal ...
Tagged with: gap investment fund jobs John Wasilisin Larry Hogan startups TEDCO
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