Maryland-Based Biopharmaceutical Company Solaxa Inc. Receives Significant Funding from TEDCO’s Venture Funds
TEDCO, Maryland’s economic engine for technology companies, has announced a substantial investment of $500,000 in Solaxa Inc., a pioneering biopharmaceutical company based in Bethesda, Maryland. This investment includes $200,000 from the State Small Business Credit Initiative (SSBCI) funding, underscoring TEDCO’s commitment to fostering innovation and supporting promising early-stage companies in Maryland.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Tammi Thomas, President, TEDCO, tthomas@tedcomd.com
Rachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com