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TEDCO Programs. July 2013. Conventional Funding. Research Laboratory. Corporate Activity. Public Funding. Tech Transfer. F, F, F, & F. Commercial Launch. SBIR / STTR. Angels. Product Design. Venture Capital. Proof of Concept. Basic Research. TEDCO Programs.

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Tedco programs

TEDCO Programs

July 2013


Conventional funding

Conventional Funding

Research Laboratory

Corporate Activity

Public Funding

Tech Transfer

F, F, F, & F

Commercial Launch

SBIR / STTR

Angels

Product Design

Venture Capital

Proof of Concept

Basic Research


Tedco programs1

TEDCO Programs

Research Laboratory

Corporate Activity

Tech Validation $50K

MD Innovation Initiative $215K

Patent Support $10K

Commercial Launch

Tech Commercialization Fund $100K

Stem Cell Research Fund $110K - $750K

Product Design

Proof of Concept

TEDCO Affinity Fund $500K

Basic Research

Rural Business Innovation $7.5K

Grants, Corp. R&D

F, F, F & F

SBIR, TBED & Seed

Angels & Venture


Maryland innovation initiative mii

Maryland Innovation Initiative (MII)

  • $5.8M in funding (annually)

  • Foster the transition of promising technologies having significant commercial potential from Qualifying Universities

    • UMCP, UMB, UMBC, MSU, JHU

  • “Site Miners” walk the halls for opportunities


Mii funding programs

MII Funding Programs

  • Phase I - Pre-Commercial Research $100K

    • Faculty

  • Phase II - Commercialization Planning $15K

    • Faculty or Entrepreneur

  • Phase III - Early-Stage Development $100K

    • Start-up Company proposal within 12 months of Patent License application

      Additional funding for a collaboration with multiple universities


Tech validation program tvp

Tech Validation Program (TVP)

  • Goal - Increase the number of Maryland academic start-up companies

  • TVP is for non-MII campuses

  • University faculty or start-up company applying with the technology licensing office

  • Funding up to $50K

    • $40K Pre-commercial technology research

    • $10K for commercialization analysis (also federal labs)

    • Order of activity to be project specific

  • Team - inventor, technology transfer manager, and entrepreneur


Patent assistance program

Patent Assistance Program

  • “Pilot Program”

  • Start-up company support for on going IP expenses paid to university/college

  • Within 18 months Patent Assistance agreement

  • Licensing technology from an institution of higher education in Maryland

  • Up to $10K on a one to one match


Technology commercialization fund tcf

Technology Commercialization Fund (TCF)

  • Facilitate the commercialization of technology by Maryland companies

  • Significant collaboration OR product development required

  • Projects up to 12 months and up to $100K award

    • Requires a 50% company match (can be In-Kind)


Eligibility

Eligibility

  • Recipient must be Maryland technology based for-profit company

    • Fewer than 16 employees (FTEs) AND

  • Recipient must be early stage

    • No revenue (Revenue = commercial product sales/services)

      OR

    • Venture investment no more than $500K total

  • Meet the ‘significant collaboration’ requirement


Significant collaboration

Significant Collaboration

  • Companies engaged in a significant collaboration:

    • Federal Lab, or Academic Institution in Maryland

    • Non-profit research organization

    • Under a license agreement or a research agreement

  • Companies receiving significant coaching:

    • Incubator companies receiving business assistance (3mo.)

    • Companies receiving RBI2 assistance


Rural business innovation initiative rbi

Rural Business Innovation Initiative (RBI²)

  • To assist small technology oriented companies in obtaining critical assistance to move their companies to the next stage at no cost to the company

  • Create economic development by strengthening existing and emerging companies in rural regions of Maryland

  • To build a technology entrepreneurial community in the rural areas


Rbi assistance

RBI² Assistance

  • Business assistance (examples)

    • business model or strategy

    • market strategy/analysis and competitive analysis

    • funding opportunities and introductions

    • financial analysis

    • business plan and grant review

  • Technology assistance (examples)

    • intellectual property

    • prototype development

    • manufacturing problem solving

    • green assessments, etc.


Rbi criteria

RBI² Criteria

  • Companies must be involved in developing new technologies or utilizing technology to create new businesses

  • Companies must have less than 16 employees

  • Annual revenues of less than $1M/year

  • Age of company

    not a factor


Rbi fy13 companies 187

RBI² FY13 Companies 187


Regional representatives

Regional Representatives

Western Maryland Rep.

Chuck Ernst

301.491.7034

[email protected]

Southern Maryland Rep.

Angela Singleton

410.941.9111

[email protected]

Northeast Maryland Rep.

Debbie Grosh

443.986.2111

[email protected]

Lower Eastern Shore Rep.

Barry Frey

410.202.8867

[email protected]

Mid & Upper Eastern Shore Rep.

John McQuaid

410.463.0855

[email protected]


Tedco capital partners

TEDCO Capital Partners

  • TEDCO Affinity Funds

    • Propel Baltimore Fund

    • Veterans Opportunity Fund1

    • Orange Knocks Cyber Fund1

    • Chesapeake Regional Innovation Fund1

      1-Currently in formation stage


Maryland entrepreneur resource list

Maryland Entrepreneur Resource List

  • Resource for:

    • Companies to find experienced Entrepreneurs and Mentors

    • Entrepreneurs to find their next business opportunity

    • Entrepreneurs to collaborate and help each other

  • Registration Open for:

    • Experienced Entrepreneurs

    • Mentors

  • Available for Viewing by all

    http://tedco.md/program/maryland-entrepreneurs-resource-list-merl/


Entrepreneurial education

Entrepreneurial Education

  • TEDCO Portfolio Workshops & Webinars

  • TEDCO ICE Awards

  • Entrepreneur Expo

  • Achieving the Commercialization of Technology in Ventures through Applied Training for Entrepreneurs (ACTiVATE)

  • INNoVATE offers 12 months of entrepreneurship and business development leadership training

  • Eastern Shore Entrepreneurship Center

  • Veterans Project Opportunity


Benefits of tedco funding

Benefits of TEDCO Funding

  • Access to business and technical assistance

  • Access to Venture Capital, angels, and strategic partners

  • Publicity through TEDCO press releases

  • Recognition and reputation of state programs

  • Workshops for TEDCO funded companies only

    • Meet one on one with experts

    • Network with other companies


Tedco programs

Thank you

Robbie Melton

Director, Entrepreneurial Innovation

[email protected]

(410) 715-4164

@femailentrepren

www.tedco.md


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