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Maryland Technology Development Corporation

Maryland Technology Development Corporation

Maryland Technology Development Corporation (TEDCO) is a Columbia, Maryland based government venture capital firm investing in Maryland based technology and life science companies.

Maryland Technology Development Corporation (TEDCO) is a government venture capital firm headquartered in Columbia, Maryland. It was founded in 1998 by the State of Maryland. The firm acts an incubator and accelerator for early stage technology and life sciences companies in Maryland. It currently operates four funds - the Tech Transfer Fund, the Builder Fund, the Seed Fund, and the Venture Fund.

The Tech Transfer Fund helps companies move their ideas from research labs into the commercial sector. It has supported the development of stem cell based therapies and includes a N-STEP (NIST- Science and Technology Entrepreneurship Program) to promote scientists to become entrepreneurs.

The Builders Fund is a seed fund that helps companies whose founders come from a socially or economically disadvantaged background and do not have access to traditional forms fo capital.

The Seed Fund invests in Maryland based technology startups.

The Venture Fund ins an evergreen fund that invests in early stage Maryland technology companies. It generally makes initial investments of $500 thousand – $1.5 million. In 2020, it was reported that the fund had $100 million worth of assets under management.

Timeline

Funded Companies

People

Name
Role
LinkedIn

Aixelle S. Heilman

Digital Marketing Coordinator

Amritha Jaishankar

Associate Director, MSCRF

Angela Singleton

Manager, Pre-Seed Builder Fund

Ann K. Pulley

Director of Finance

Anne A. Balduzzi

Director, Advisory Services

Arti Santhanam

Executive Director, Maryland Innovation Initiative

Bill Collier

Business Development Associate

Brian Corbett

Director of Business Operations - Investments

Brittany Eleazer

Gateway Services Coordinator

Cassy Haber

Marketing Coordinator

Chuck Ernst

Rural Business Innovation Initiative Mentor, Western Region

Dan Gincel

Executive Director, MSCRF

Vice President University Partnerships

Diana Smith

Senior Executive Assistant & Office Coordinator

Frank Glover

Lead Director, Seed Investment Fund

Director, MVF

Jack Schammel

Rural Business Innovation Initiative Mentor, Upper Shore

Jennifer Hammaker

Vice President, Business Development

John Paul Gustin

Assistant Director, Maryland Innovation Initiative

Mckeever Conwell II

Co-Manager, Pre-Seed Builder Fund

Neil R. Davis

Director, Entrepreneurial Development

Ron Kaese

Director of Federal Programs

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Companies

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