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TEDCO Programs

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  1. TEDCO Programs July 2013

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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)

  9. 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

  10. 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

  11. 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

  12. 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.

  13. 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

  14. RBI² FY13 Companies 187

  15. Regional Representatives Western Maryland Rep. Chuck Ernst 301.491.7034 cernst@tedco.md Southern Maryland Rep. Angela Singleton 410.941.9111 asingleton@tedco.md Northeast Maryland Rep. Debbie Grosh 443.986.2111 dgrosh@tedco.md Lower Eastern Shore Rep. Barry Frey 410.202.8867 bfrey@tedco.md Mid & Upper Eastern Shore Rep. John McQuaid 410.463.0855 jmcquaid@tedco.md

  16. 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

  17. 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/

  18. 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

  19. 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

  20. Thank you Robbie Melton Director, Entrepreneurial Innovation Rmelton@tedco.md (410) 715-4164 @femailentrepren www.tedco.md