Concept Capital

Concept Capital is TEDCO's initiative to bridge the early-stage funding gap for underrepresented entrepreneurs across Maryland. The program was created to provide flexible funding and specialized support to founders, thereby ensuring they are prepared for future venture opportunities.

• With a focus on socially and economically disadvantaged and rural-based founders, Concept Capital offers convertible notes ranging from $25,000 to $50,000. These funds come with founder-friendly terms (e.g. zero interest and negotiable valuation caps).

Eligibility

• To qualify, applicants must meet the following requirements:
• Maryland-based business (principal office in Maryland with 51%+ workforce in-state)
• Technology-driven business (non-retail focus)
• Founded within the last 7 years
• Founder or business located in a rural or disadvantaged community, or a socially and economically disadvantaged individual (SEDI), including minority, disabled, or female founders.

Support Services Offered:

• Beyond funding, eligible founders may access:
• One-on-one mentoring and advisory services
• Advanced software for performance tracking and investment-readiness
• Tailored guidance to achieve critical venture milestones