What does it take to start a cyber venture? The recipe includes networking within the right circles, identifying opportunities, putting together a team to make it happen, and being comfortable with risk.
The Maryland Technology Development Corporation (TEDCO), through its Maryland Venture Fund (MVF) program, today announced the closing of the Maryland Innovation Opportunity Fund I with $25 million of committed capital.
UMB and Hopkins recently collaborated on two different incubator projects as part of a funding competition presented by the Maryland Technology Development Corp. Both projects will now be brought to life, using the $125,000 they each won in the challenge.
TEDCO awarded $750,000 to six finalists for its first-ever Incubator Challenge, a competition created to identify and reward the best ideas for supporting and growing technology companies in Maryland.
TEDCO is partnering with local investment and advisory firm Evergreen Advisors to grow a program that offers startups temporary access to experienced executives.
TEDCO (Maryland Technology Development Corp.) has various programs that provide funding for startups including the Maryland Innovation Initiative that provides early stage funding for projects that originate from Johns Hopkins, University of Maryland and Morgan State.
During the the Maryland Technology Development Corp.’s recent Entrepreneur Expo, local investors John Cammack and Chris College of TCP Venture Capital joined a few startup founders to discuss what it takes for a young company to land an attractive investment.
Grip Boost Inc., a Baltimore-based TEDCO portfolio company, announced that Lizard Skins became the exclusive worldwide distributor of the Grip Boost Batting Gel.
After seeing the strength of the six finalist projects and evaluating each of the teams’ proposals, TEDCO board members decided to up their $300,000 offer, and fund every one of them.
From the Baltimore Business Journal:
After seeing the strength of the six finalist projects and evaluating each of the teams’ proposals, TEDCO board members decided to up their $300,000 offer, and fund every one of them.
Proscia Inc., a data solutions provider for digital pathology, announced today Proscia’s President and CEO, David West, will discuss how Maryland entrepreneurs can continue to be competitive in the quest for venture funding in a more risk-adverse environment.
Expo will bring together startup to seasoned entrepreneurs from across Maryland for a full-day conference to promote the State’s innovation economy; Forcepoint’s Guy Filippelli and Terra’s Kitchen Mike McDevitt, will serve as the keynote speakers.
