Maryland Technology Development Corp. (TEDCO) will distribute $5 million to local startups that have been hit especially hard by the Covid-19 pandemic, namely rural businesses or those led by socially and economically disadvantaged founders.
The agency is administering a state relief fund for entrepreneurs who are disadvantaged, or based in rural areas. Expect the funds to be available in February 2021.
TEDCO provides Maryland entrepreneur funding, resources and connections that early stage technology and life sciences companies need to thrive in Maryland. One of our core values is "Stewardship".
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$5 MILLION: As part of a new relief initiative with TEDCO, the governor announced $5 million to help socially and economically disadvantaged companies or companies in rural areas negatively affected by COVID-19.
As Maryland faces economic, ecological, and technological challenges—many of which, like COVID-19, tend to arrive with little warning and immense consequence—we should remember that solutions and progress will come from companies throughout our state and region whose leadership reflects sound, pr
