(July 3, 2018-COLUMBIA, Md.) How can you make an impact on Maryland’s future? Investing in up and coming businesses is one way.
Maryland Chamber member TEDCO, is looking toward that future by investing in businesses just laying their foundations—startups.
It has seen wild success through its Maryland Innovation Initiative this past year, investing in startups around the state. The organization has funded seven startups with $150,000 investments and provided 38 technology assessments grants in FY2018.
In its fifth year, the initiative set out to increase startup activity at universities in Maryland, more specifically Johns Hopkins University, Morgan State University, the University of Maryland, College Park, the University of Maryland, Baltimore and the University of Maryland, Baltimore County.
The idea is to discover and foster innovation and technology in the State of Maryland and develop businesses that can stay and grow here. The success this year followed $5.6 million in funding last year and the acquisition of Harpoon Medical by Edwards Lifesciences Corp.
To learn more about the Maryland Innovation Initiative and see which companies received investments click here.