TEDCO is an independent organization established in 1998 and located in Columbia, Maryland. It serves as the leading source of entrepreneurial business assistance and seed funding for the development of startup companies within Maryland's innovation economy. TEDCO focuses on early-stage companies across various sectors, including software, technology, energy equipment, life sciences, and oncology. Its mission is to foster innovation and economic growth in Maryland by supporting the growth of startups and enhancing the state's position in the entrepreneurial landscape.
Managing Director, Entrepreneur and Ecosystem Empowerment
Bill Collier
Director
Jack Miner
Chief Investment Officer
Jean-Luc Park
Senior Director, Social Impact Funds
Katherine Hill Ritchie
CEO
Justin Ferguson
Program Manager, Venture Development
Past deals in Grant
Ion Storage Systems
Grant in 2024
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.
FlexiCharge
Grant in 2024
FlexiCharge is creating a TEG that turns body heat into a reliable power source for wearables.
Relai.ai
Grant in 2024
Relai.ai focuses on making AI models more dependable for critical applications.
Reversal Therapeutics
Grant in 2024
Reversal Therapeutics is a pre-clinical biotech company, advancing a proprietary molecule with broad clinical potential.
Digital Harbor Foundation
Grant in 2024
Digital Harbor Foundation is comprised of people who love what they do and work hard day-in and day-out to make a difference in the lives of the youth they serve. They think hard about education, technology, and innovation, and work even harder to overcome the socio-economic barriers that impede forward progress for too many. They are not perfect but they care about their work and give it everything they have every day.
Allegany College of Maryland
Grant in 2024
The main campus of the Allegany College of Maryland rests in Cumberland, off of Willow Brook Road. As the biggest of the school’s three campuses, Cumberland has all of the amenities you may never have expected from a small college. Each building is equipped with the latest modern facilities, making for an up-to-date learning experience. There are also dining areas, a student lounge, and a state of the art physical education building with a gym and swimming pool. Within the list of extensive fields of study are the social, biological and political sciences, criminal justice and criminology, many fields in the humanities, accounting and business programs, automotive and other technical studies, culinary arts, hotel and restaurant management, forest technology, health fields including dental hygiene, physical education, nursing, and pharmacy technician studies, and more. Advice is not something you’ll be lacking at Allegany. The tutoring services can help you through any academic rough patches. Transfer advising can prepare you to go to a four-year college. Career advising counselors can help you pick a major, assess your interests and aptitudes, and help find you a career. Along with federal financial aid and veteran’s benefits, Allegany also offers a catalog full of scholarships from major related aid to local endowments to eligible students.
Hagerstown Community College
Grant in 2024
The faculty and staff at Hagerstown Community College are committed to helping you succeed in your academic and professional pursuits, whatever they may be. Hagerstown Community College, located in Hagerstown, Maryland, is dedicated to making your experience a rewarding and memorable one, whether it be earning your associate’s degree, getting your occupation-specific certificate, or stacking up transferable credits for a move to a four-year university. Hagerstown Community College makes sure that it offers vocational training programs in areas not only of interest to the students, but those in demand by the local communities. Not interested in an occupational certificate? Continuing education programs are available for individuals who need to keep up with changing technologies, whether for personal or professional use. For those looking to earn an associate’s degree, Hagerstown Community College offers an even longer list of degree programs for the academic-minded student. Distance education is available for all students who have a difficult time prioritizing in-classroom instruction. So whether you’re interested in jump-starting your career or earning an associate’s degree, Hagerstown Community College may be a right fit for you.
Inncuvate
Grant in 2024
Inncuvate provides strategic advice, project planning, launch support, and consulting to startup companies.
Dent Education
Grant in 2024
Dent Education empowers students to make a dent in the universe by teaching design thinking, creating, and entrepreneurship.
Natáur
Grant in 2023
Natáur produces non-petroleum-based compounds for healthier products, starting with our first offering: bio-based taurine.
Makerspace of Annapolis
Grant in 2023
Makerspace of Annapolis offers access to facilities, equipment & knowledge in the fields of robotics, manufacturing, and computer science.
Paxspace
Grant in 2023
PaxSpace is a non-profit organisation that provides workspaces and storage for members to use in order to pursue projects related to art and technology. They hope to inspire lifelong learning and innovation while also strengthening their local community.
Frederick County Office of Economic Development
Grant in 2023
Frederick County Office of Economic Development offers guidance and services to help companies launch, locate, and grow.
Carroll County Public Library
Grant in 2023
Carroll County Public Library offers a variety of services, including meeting and study room space, interlibrary loans,
Baltimore Jewelry Center
Grant in 2023
Baltimore Jewelry Center's purpose is to build a vibrant creative community for the study and practice of metalsmithing and art jewelry.
Chesapeake Arts Center
Grant in 2023
Chesapeake Arts Center is a non-profit arts center that specializes in that specializes in innovative arts and education programs.
Rockville Science Center
Grant in 2023
Rockville Science Center provides opportunities for people to engage in science and engineering activities.
Morgan State University
Grant in 2023
Initially founded as a private institution in the Methodist tradition, Morgan State University was purchased by the state of Maryland in 1939 to offer more higher education opportunities to its minority constituents. Morgan State University is an HBCU. Morgan State University is located in Baltimore, and offers a wide range of studies for undergraduate and graduate degrees. Graduate studies include a long list of social studies, business and all sciences, while doctoral programs include a list almost as long in areas such as engineering, environmental sciences, public health, and so much more. Morgan State University proudly provides a well-rounded educational experience to all students. The faculty encourage students to get involved on-campus to ensure students are invested in their future. Student programs and support services are available, from organizations to academic and personal counseling. Staff and faculty understand the pressures of academic life, and want to make sure the students are able to deal constructively with those stresses. If you’re interested in a unique institution that values the highest level of education, a well-rounded experience and dedicated faculty, look no further. Call Baltimore your new home and check out Morgan State University.
Station North Tool Library
Grant in 2023
Station North Tool Library provides affordable access to tools, skills, and workspace.
Mid-Atlantic Gigabit Innovation Collaboratory
Grant in 2023
Mid-Atlantic Gigabit Innovation Collaboratory offers local communities practical technology and entrepreneurship education opportunities.
Allegany College of Maryland
Grant in 2023
The main campus of the Allegany College of Maryland rests in Cumberland, off of Willow Brook Road. As the biggest of the school’s three campuses, Cumberland has all of the amenities you may never have expected from a small college. Each building is equipped with the latest modern facilities, making for an up-to-date learning experience. There are also dining areas, a student lounge, and a state of the art physical education building with a gym and swimming pool. Within the list of extensive fields of study are the social, biological and political sciences, criminal justice and criminology, many fields in the humanities, accounting and business programs, automotive and other technical studies, culinary arts, hotel and restaurant management, forest technology, health fields including dental hygiene, physical education, nursing, and pharmacy technician studies, and more. Advice is not something you’ll be lacking at Allegany. The tutoring services can help you through any academic rough patches. Transfer advising can prepare you to go to a four-year college. Career advising counselors can help you pick a major, assess your interests and aptitudes, and help find you a career. Along with federal financial aid and veteran’s benefits, Allegany also offers a catalog full of scholarships from major related aid to local endowments to eligible students.
Howard County Library System
Grant in 2023
Howard County Library System is a public library systems that aims to deliver high-quality public education for all ages.
Washington College
Grant in 2023
Washington College, located in Chestertown, Maryland, is one of the oldest liberal arts colleges in the United States, offering a personalized academic experience that emphasizes traditional learning. The college features a low student-faculty ratio, allowing for close interaction between students and faculty. It is renowned for its Starr Center for the Study of American Experience, which fosters collaboration between scholars and students to explore history through innovative methods. The college offers a diverse range of academic programs, including Anthropology, Art History, Black Studies, Clinical Counseling, Drama, Education, Engineering, Humanities, and International Literature. Students have access to on-campus residences and can engage in various academic, recreational, and athletic organizations. Financial aid options, including grants, loans, work-study, and scholarships, are available to support students in their educational pursuits. Additionally, Washington College manages an endowment fund with assets totaling $100 million, which contributes to its financial sustainability and academic offerings.
Baltimore Underground Science Space
Grant in 2023
Baltimore Underground Science Space is a non-profit public laboratory that provides access to the lab as well as workshops and seminars.
Melwood Horticultural Training Center
Grant in 2023
Melwood was founded on three key principles: innovation, inclusion and social good. Melwood is deeply rooted in these principles on which we built a vibrant organization and inspired a community. Melwood supports children, youth and adults with differing abilities to work and play where and how they choose. Melwood provide employment, job training, life skill improvement, supportive and recreational services to more than 1500 people with disabilities each year.
College of Southern Maryland Foundation
Grant in 2023
College of Southern Maryland Foundation fosters CSM's welfare, academic excellence, and development by procuring and administering funding.
Balance Theory
Grant in 2022
Balance Theory provides a knowledge sharing and collaboration platform purpose-built for cybersecurity.
Tomorrow's Bio Today
Grant in 2022
Tomorrow's Bio Today specializes in developing innovative medical devices for the veterinary sector, focusing on enhancing diagnostic procedures for large animals such as cows and horses. The company has created ingestible tablet cameras that capture images of the gastrointestinal tract, transmitting this data to a mobile application. This technology offers a safer, more cost-effective alternative to traditional colonoscopy and endoscopy methods, allowing veterinarians and farmers to obtain detailed insights into the health of large animals. By improving the efficiency and safety of diagnostic processes, Tomorrow's Bio Today aims to facilitate early detection of health issues, including colorectal cancer, thereby supporting better animal care and management.
Gaiaxus
Grant in 2022
Gaiaxus develops apps, sensors, algorithms and products for use by citizen scientists.
Pursoma
Grant in 2022
Pursoma offers self-care options for the contemporary world while fostering rituals.
Slow talk
Grant in 2022
Slow talk is a platform for employee engagement that supports scheduled, in-person conversations that foster a greater feeling of purpose and belonging among employees, enabling firms to flourish in the talent war.
Patient Premier
Grant in 2022
Patient Premier, Inc. is a medical technology company based in Baltimore, Maryland, focused on developing a mobile platform for monitoring and documenting pain management adherence and efficacy. Its primary product, Pain Scored, enables patients to track their health and share insights with healthcare providers. The platform facilitates remote collection of self-reported assessments, allowing providers to review patient data for better care coordination. Additionally, it supports documentation and billing for time spent on patient management, encouraging proactive health management and chronic disease oversight. By utilizing standardized assessments, Patient Premier enhances the understanding of pain, activity, and mood, ultimately aiming to improve patient health outcomes while reducing healthcare costs. The company serves a diverse clientele, including individual patients, healthcare providers, health systems, and insurers. Patient Premier was established in 2017.
Grateful Gardeners
Grant in 2022
Grateful gardeners is to inform the community about this and encourage a revival of the local flower supply chain.It is a system in which you can interact with the farmer who grows your flowers in the same way that you interact with the farmer who grows your food.
Dynamhex
Grant in 2022
Dynamhex monitors and visualizes complex energy consumption data for individual, corporate and government entities. By linking to science-based emission reduction targets, Dynamhex allows climate leaders to make data-driven decisions in a timely fight against climate change.
Prothymos Technologies
Grant in 2022
Prothymos Technologies has created a completely patented, VR-compatible, small Impact & multi-effects simulator for those who enjoy relaxing, playing, and immersing themselves.
Salynt
Grant in 2022
Salynt is focused on fixing the challenges of Artificial Intelligence (AI).Salynt is a collaboration platform for data scientists and software engineers to create complex analytic software.
Alirtify
Grant in 2022
Alirtify is an artificial intelligence platform designed to deliver real-time insights by analyzing data from news events, social media, blogs, and other publicly available sources. By employing geo-tagging technology, Alirtify connects users with relevant news and social media content within a 60-mile radius of their contacts, ensuring they receive pertinent information based on their network. The platform leverages advanced AI technologies, including machine learning and natural language processing, to sift through vast amounts of data and eliminate unnecessary noise. This approach allows users to stay informed about significant developments in their connections' environments, enhancing their engagement and interaction with the community while drastically reducing response times for acquiring crucial intelligence.
Semforex
Grant in 2022
Semforex is an authorized operating equipment manufacturer,semforex offers goods that are both reasonably priced and of high quality.Semforex products address the comfort and safety needs of men and women who wear body armor while working in law enforcement, the private security sector, the military police of the armed services, and other fields around the world.
ExPulsus
Grant in 2022
ExPulsus creates a blood pressure monitoring device for critical care patients that employs a revolutionary pressure sensing technique that is non-invasive, has a minimal risk of complications, and is a low-cost method of monitoring sick ICU patients.
Social Capital Builders
Grant in 2022
Social capital building is to improve young people's and families' long-term economic and social well-being by harnessing the potential of social capital literacy, analysis, and development.Social capital builders is committed to serving all communities, particularly those that have been disproportionately impacted by racism, systemic inequities, and years of underrepresentation.
99 Ways Entertainment
Grant in 2022
99 Ways Entertainment is a media and technology company that created a film to raise awareness about the prison industrial complex, a TV series to highlight a large number of missing people, and a mobile app for track and field athletes to level the playing field of opportunities.
Abeona sustainable solutions
Grant in 2022
Abeona is a energy & environmental education consulting company. Abeona sustainable solutions provide extensive knowledge of sustainable practises, environmental and energy-saving project development.
MAD tech
Grant in 2022
MADtech is a virtual worksite to use cutting-edge technology to increase customers' productivity in a way that helps their financial situation, the environment, their safety, and other factors.
BLOCKsynop
Grant in 2022
BLOCKsyncop is developing a non-invasive real-time tool for the anesthesiologist.
Eureki
Grant in 2022
Eureki is a learning instituation for kids .
Plus Up
Grant in 2022
Plus Up offers reducing positive parenting strategies that are practical and enjoyable for the entire family. The company is based in Crownsville, Maryland.
Art play learn
Grant in 2022
Art play learn offers cutting-edge instructional strategies based on the most recent research in learning science, cognitive psychology, motivational psychology, and neurology.
Baltimore Robotics Center
Grant in 2022
Baltimore Robotics Center is creating sophisticated concrete 3D printing structures to assist in the acceleration and strengthening of transit infrastructure.
Intraderm
Grant in 2022
Intraderm is developing a medical device to address Wrong Site Surgery, a difficulty in the treatment of skin cancer.
Celcy
Grant in 2022
clecy goal is to develop the most intelligent kitchen device currently available, one that will alter the way you eat today and enable you to live your best life.
Udynamix
Grant in 2022
Udynamix, Inc. operates an innovative online digital vault that provides user-defined authentication solutions aimed at enhancing data security. The company's flagship product, KeyVault, enables users to share access to their saved websites and information with others for specified durations. Udynamix has developed a patented Dynamic User Authentication (DUA) system that represents a significant shift from traditional authentication methods. Unlike conventional systems that rely on static credentials stored on servers, Udynamix's technology allows users to create unpredictable passcodes, thereby enhancing protection against identity theft and unauthorized access without depending on second-factor verification methods. Founded in 2019 and based in Bethesda, Maryland, Udynamix serves a diverse clientele that includes commercial businesses, healthcare providers, managed service providers, government contractors, and non-governmental organizations. The company was previously known as iKeyVault, Inc. before changing its name in March 2020.
NanoBioFAB
Grant in 2021
Nanobiofab, founded in 2015 and based in Frederick, Maryland, specializes in the development of wearable, smart healthcare and medical devices utilizing nanotechnology for both humans and pets. The company is known for its product, iNose, which enables users to detect, track, and monitor their body's skin vapor-print. This device wirelessly connects to mobile phones to help individuals assess their fat burning rate and evaluate the effectiveness of their exercise routines. Additionally, it provides insights into the effects of dietary choices over time and tracks metabolic rates. Beyond consumer products, Nanobiofab also offers technology and services aimed at accelerating nanomaterial research and development, including nanoprinting solutions and artificial intelligence sensors for telemedicine and personalized healthcare applications.
CarrTech
Grant in 2020
CarrTech is a medical device company focused on improving the safety and efficiency of medication preparation. It has developed and patented an integrated, all-in-one filter and hypodermic needle system specifically designed for filtering medications stored in glass ampoules. This innovative solution replaces the traditional multi-step process, offering a single-step, one-needle approach that enhances safety and reduces costs for users. By streamlining the filtering process, CarrTech aims to provide a more effective method for administering ampoule-based medications, ultimately improving patient care and operational efficiency in medical settings.
Longeveron
Grant in 2018
Longeveron is a clinical-stage biotechnology company focused on developing regenerative medicines targeting aging and aging-associated diseases. Its primary investigational product, Lomecel-B, is an allogeneic medicinal signaling cell therapy derived from the bone marrow of healthy adult donors. Lomecel-B is designed to promote tissue repair and healing through various mechanisms, including pro-vascular and anti-inflammatory effects. The company is actively conducting clinical trials for Lomecel-B in three specific areas: hypoplastic left heart syndrome, Alzheimer’s disease, and aging-related frailty. Through its innovative approach, Longeveron aims to address unmet medical needs and improve the quality of life for individuals affected by these conditions.
Allovue
Grant in 2013
Allovue, Inc. is a Baltimore-based company that specializes in financial software solutions for K-12 education departments and school districts across the United States. Its flagship product, Balance, integrates with existing accounting and data systems to assist educators in budgeting, managing, and evaluating expenditures. The platform offers tools for analyzing school budgets, tracking expenses, forecasting future spending, and planning for capital investments, enabling district officials and school administrators to visualize and optimize the impact of their financial decisions on educational outcomes. Allovue also provides supplemental services such as funding equity analysis and financial management training, catering to superintendents, CFOs, budget directors, and other stakeholders within the education sector. Originally founded as Allovue, LLC in 2013, the company rebranded in 2014 to reflect its mission of connecting finance and education to support strategic resource allocation.
Circulomics
Grant in 2012
Circulomics is a biotechnology company based in Maryland, operating within the IMET's Harbor Launch Incubator. The company has secured nearly $8 million in funding from the National Institutes of Health and Maryland TEDCO to create advanced platforms for nucleic acid sample preparation, microRNA profiling, and single molecule analysis. These innovations aim to enhance the research and clinical applications of genomics technologies, facilitating processes from sequencing to expression profiling and biomarker analysis. Circulomics has developed a single molecule analysis system that optimizes the genomics workflow, improving sample characterization prior to sequencing and critical studies, thereby supporting cancer diagnosis and analysis.
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