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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



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


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
  • “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)
  • 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)


    • 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

regional representatives
Regional Representatives

Western Maryland Rep.

Chuck Ernst



Southern Maryland Rep.

Angela Singleton



Northeast Maryland Rep.

Debbie Grosh



Lower Eastern Shore Rep.

Barry Frey



Mid & Upper Eastern Shore Rep.

John McQuaid



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


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

Thank you

Robbie Melton

Director, Entrepreneurial Innovation


(410) 715-4164