The Latest on Innovation &
Entrepreneurship in Maryland
March 2019

TEDCO Portfolio Company Spotlight: Sonavex

Sonavex, Inc received FDA approval for their second 510 (k) product EchoSure. Sonavex received investments from TEDCO’s Maryland Innovation Initiative (MII) and the Life Science Investment Fund (LSIF). The EchoSure system combines 3D ultrasound imaging with advanced deep learning algorithms to automate visual and quantitative blood flow monitoring after surgery. Coupled with Sonavex’s FDA-cleared EchoMark® bioresorbable markers, EchoSure eliminates the need for ultrasound expertise in order to measure blood flow. The EchoSure App enables surgeons to monitor patients remotely from their mobile devices.

Check out Sonavex’s new website to learn about their technology, team and more!

TEDCO’s Women’s Executive Leadership Roundtable is a peer-to-peer support for entrepreneurs in this important vertical. Its goals are two-fold:

  • To create a community of female executive leaders in the technology sector (startups)
  • To build a culture where women can get support, learn, share resources/information, ask questions (be vulnerable) without fear/concern

For more information, click here.
Try TEDCO’s Quick Assessment Tool

Do you know how you stack-up against other companies applying for TEDCO’s investment programs , or other investors? Try TEDCO’s Assessment Tool to find out. In less than five minutes, answer nine questions and your company will then be scored on six different aspects of your business. Upon completion, you’ll receive a score and ideas for next steps.

NSF Revises Small Business Application Process

America’s Seed Fund powered by the National Science Foundation (NSF) is piloting changes to the Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) proposal submission process. The pilot replaces a recommended pre-proposal step, the Executive Summary, with a required first step, the Project Pitch. 

Starting in March 2019, startups or entrepreneurs who submit a three-page Project Pitch will know within three weeks if they are a good fit for the SBIR/STTR program’s objectives of supporting innovative technologies that show promise of commercial and/or societal impact and involve a level of technical risk. Startups or entrepreneurs can submit a Project Pitch at any time during the pilot, which runs through December 2019.

More details about the NSF’s new process are available at .

Join our first webinar about the Project Pitch on Thursday, March 14, 2019 at 2:00PM ET.
New tools and resources to help companies find success by working with Federal Labs

Did you know that the Federal Lab Consortium (FLC) offers a wealth of tools and resources designed to facilitate federal agency and laboratories' commercialization efforts? We want to share how these tools can help make meaningful business connections with the federal laboratories!

Discover the myriad tools and resources that the FLC has created to help you connect with the federal laboratories’ technologies and unique resources. This includes:

  • FLC Business – a comprehensive laboratory resource database
  • Technology Locator – a one-on-one service to connect businesses with federal lab technologies
  • LabTech in Your Life – a new virtual environment that showcases tech successes
  • For an FLC overview, and much more start here!
Anchor Ventures
Artificial Intelligence: Industry Perspectives and Impacts
Thursday, March 14, 2019
4:30 PM - 7:00 PM
UM BioPark

Maryland Tech Council's Young Professionals Networking Meetup
Tuesday, March 19, 2019
5:30 PM - 7:30 PM
Guinness Open Gate Brewery

The Speaker Series Returns!
Executive Storytelling: How Leaders Use Stories to Lead

Wednesday, March 20, 2019
3:00 PM - 5:00 PM

Hagerstown Technology Showcase
Tuesday, March 21, 2019
11:00 AM - 3:00 PM
Hagerstown Community College

Women Owned & Managed Enterprise Network Conference
Saturday, March 30, 2019
8:00 AM - 4:00 PM
Morgan State University

Start-Up Orientation Forum

Tuesday, April 2, 2019
10am - 12pm

Prelude Pitch: Off-Site

Friday, April 12, 2019
10am - 2pm
University of Baltimore

Register Now to pitch or observe
#EYECON - Engaging Youth Entrepreneurs Conference
Thursday, May 9, 2019
8:00 AM - 2:00 PM
Morgan State University

Cybersecurity Impact Awards
Tuesday, May 14, 2019
5:30 PM - 8:30 PM
SPACES - The Artisphere

Maryland Tech Council's Industry Awards Celebration
Wednesday, May 22, 2019
5:30 PM - 8:30 PM
Bethesda North Marriott Hotel

2019 Technology Showcase
Wednesday, June 12, 2019
6:00 PM - 9:00 PM
FNLCR Advanced Technology Research Facility

TEDCO portfolio company remodelmate announces nationwide project financing partnership with SoFi
Home renovation marketplace remodelmate this week announced a new nationwide project financing partnership with SoFi.

Congrats to the inaugural Bisciotti Foundation Translational Fund awardees, especially Dr. Tian-Li Wang and Dr. Edward James Wright III ( TEDCO MII alumni )
Four Johns Hopkins professors received grants through a fund created to help faculty put their research on a path to commercialization.

RackTop Systems , Howard County-based TEDCO Portfolio company, raises $15M
RackTop Systems , a nine-year-old Howard County developer of secure systems used for storing data, has raised $15 million in funding.

Light Point Security , a TEDCO Portfolio Company, reveals most flexible browser isolation platform with the release of its clientless version
With this latest release, Light Point Web is the only browser isolation platform to offer both a simple plug-in deployment option and a device-agnostic clientless deployment option for unrivaled flexibility

RoosterBio , a TEDCO portfolio company, announces plans to expand facility in Frederick, MD
RoosterBio, Inc , a privately held regenerative medicine manufacturing platform technology company announced plans today to expand the company’s footprint in Frederick, MD after a year of rapid growth.

Your Location Data Is Being Sold—Often Without Your Knowledge
TEDCO portfolio company, TrackOFF CEO talks with the WSJ about companies selling your data.

Gilead’s Kite pens 10-target CAR-T tech deal with MaxCyte, Inc., a TEDCO portfolio company
Gilead’s Kite Pharma has expanded its CAR-T agreement with MaxCyte. The revised deal gives Kite the chance to apply MaxCyte’s transfection technology to up to 10 targets.

A Gaithersburg biotech, Antidote Therapeutics Inc., is raising millions to treat nicotine-related diseases — and help smokers quit  
The clinical-stage company is developing a drug that would diminish the effects of nicotine in the body.

Maryland tech, university leaders rally for $16M fund to boost life sciences, cybersecurity
Gov. Larry Hogan has allotted $16 million in initial funding to support the program, which would be managed through TEDCO .

TEDCO Portfolio Company, Curbio Inc. , On-Demand Home Renovation Leader, Continues National Expansion with Houston Launch
Curbio Inc., the pre-sale home renovation specialist that’s rapidly expanding from coast-to-coast, has commenced operations in Houston. Headquartered in Maryland, the company’s other markets include Washington, Baltimore, Philadelphia, and Dallas. Service will be rolled out in Atlanta, Phoenix, and Los Angeles over the next three months.

TEDCO generated $1.6B in economic benefits in 2018, study shows
An independent study released Wednesday shows The Maryland Technology Development Corporation (TEDCO) generates $1.6 billion in economic impact for the state and supported 7,746 jobs.

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