May 2023

The latest on innovation and entrepreneurship in Maryland

Novel Microdevices is a woman-owned medical device company, working to revolutionize clinical diagnostics. Through this effort, the company has developed the Novel Dx device, a cost-effective, portable, rapid, and easy-to-use testing solution. The company is challenging the point-of-care antigen and molecular testing market by providing lab-level PCR test results in under 15 minutes, at the same price point as the rapid antigen test. Learn More

Rise Therapeutics is a clinical-stage biotechnology company focused on developing innovative treatments for devastating diseases. Rise has developed the Tripartite X drug delivery platform that leverages synthetic biology medicine to enable safe and effective oral delivery of biological therapies. TPX can be utilized to deliver a variety of protein-based drugs, including complex immunotherapy applications. Learn More

Marinalife is bringing tech-enabled solutions to the boating industry. Through Marinalife’s platforms, marinas and boaters are provided with an easier way to connect and interact. One of these platforms is Snag-A-Slip, which allows boaters to easily search, select and reserve a slip. Additionally, Marinalife Manager offers marina owners a better management experience, providing streamlined internal operations and real-time analytics. Marinalife’s suite of products allows marinas to spend more time interacting with boaters and ensuring they are available to provide excellent customer service and support. Learn More

According to Webster’s Dictionary, integrity can be defined as “the firm adherence to a code of especially moral values.” While this value is obviously of high importance for companies, it is also one of the most important values to lead by throughout everyday life. Read More

The Maryland Stem Cell Research Fund (MSCRF) Commission is pleased to announce over $14.1 million in grant awards to promote innovative research that will strengthen and advance stem cell treatments and technologies in Maryland. This is the largest amount awarded to Maryland-based institutions and companies since 2010 and was made possible as a result of increased funding from the State. This is also the first time that the Commission awarded funding to Maryland-based companies under MSCRF’s new Manufacturing Assistance Program, established to boost cell therapy manufacturing capabilities in the State. Learn More

Phil Singerman was applying for the job to be the first executive director for a state economic development startup whose aspiration exceeded its funding allocation. At the time, he was a presidential appointee with a $400 million annual budget at a prominent government agency, so there was a natural question of why he wanted to switch jobs. Read More

Source: BBJ
Equitech Bill Signing

On Tuesday, May 9, 2023, the Equitech Bill was officially signed into action. This bill will support TEDCO's mission to create a diverse, sustainable innovation ecosystem throughout Maryland.

Find more information about the bill and the Cultivate Maryland Initiative here.

Maryland had a vision 25 years ago to support technology-based development and growth; since inception, TEDCO has taken great strides in building a diverse, innovative, and sustainable ecosystem.

However, we cannot be complacent. TEDCO is the hub of Maryland’s innovation ecosystem, but to maintain this standing, we must continue to move forward, envision bold responses to challenges facing the entrepreneurial community, and continue investing in programs that support diversity and inclusion. Through these practices, TEDCO will continue to be a leader in supporting translational research and technology-based, economic and entrepreneurial development while also supporting the growth of a sustainable state-wide ecosystem. Read More

In today’s challenging employment market, job seekers need all the help they can get.
Often, simply applying to a role and hoping your resume stands out isn’t enough, and using one’s network can be much more effective. As supporters of local tech ecosystems, organizations like universities, law firms, accelerator programs, economic development groups, coding bootcamps and corporate entities have programs and services to help technologists build their networks and connect with hiring companies. These resources take many forms, from hosting events to providing training to funding startups so they can grow and hire more staff — all serving to increase tech employment and strengthen their communities overall.

As the CEO of TEDCO, Troy leads the organization’s mission to support economic development through the cultivation of an inclusive entrepreneurial innovation ecosystem.

Troy’s professional experience over the last two decades includes highly visible leadership positions in investment management, telecommunications, information/communication technology, management consulting, and higher education, most recently serving as the Chief Operating Officer of the University of the District of Columbia (UDC). He also founded several entrepreneurial ventures, including the management consulting firms LeMaile-Stovall LLC and GTMS Partners, LLC, and was a co-founder of investment firm GulfSouth Partners. Listen Now

Source: iHeartMedia

The Maryland General Assembly passed a bill that would establish a Maryland Technology Development Corp. (TEDCO) fund to promote job growth and minority inclusion in the sciences.

Both chambers passed House Bill 781 earlier this month, which establishes the Equitech Growth Fund to send state funding to projects that expand the economy through infrastructure investment and create a diverse workforce through job training programs. Learn More

Core Values serve as a lighthouse to help us individually and collectively navigate difficult times and decisions. Like a lighthouse for ships at sea, they expose dangerous paths and provide safe passage to our destination. That passage may not be the most expedient or easiest and may even involve some risk, but it should avoid things that could cause a shipwreck. The lighthouse serves as the “unwavering guide” that must be followed to avoid disaster. Learn More
May 11
5:00 PM - 8:00 PM
May 19
7:00 AM - 5:30 PM
May 24
9:00 AM - 3:00 PM
May 25
4:30 PM - 7:30 PM
May 31
10:00 AM - 11:00 AM
June 6-8
7:30 AM - 1:00 PM
June 13
10:00 AM - 11:00 AM
For more events, visit our Events Calendar.
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The companies, resources, events, and programs in this newsletter are presented as a courtesy to help you navigate the various business support services established for and available to Maryland entrepreneurs.  

  • Entities and IndividualsWhile we recognize the accomplishments of businesses, non-profits and individuals connected to TEDCO, in sharing this news there is no intent to recommend or endorse any business, nonprofit, or individual for any purpose. TEDCO does not verify information in linked articles or press-releases. And, TEDCO does not necessarily share the views contained in any linked articles or press-releases. 
  • Programs and ServicesTo apply for or obtain services from a particular agency or program, you will need to apply through that program’s or agency's website. TEDCO cannot guarantee eligibility or success in applying to or using a program's or agency's resources. Each individual program and agency will determine your eligibility when you apply. While updates to the page are being made regularly, due to the ever-changing nature of these programs and agencies and state, federal, and local laws, this page may not be all-encompassing. Any information you share with any program or agency will be subject to the laws governing that program or agency and that program's or agency's policies, procedures and rules.  
  • EventsTEDCO does not endorse or recommend any individual, business, or other entity presenting or hosting any webinar, podcast, or event. Any views shared on any of these formats are not necessarily shared by TEDCO. Unless otherwise stated, TEDCO has not contributed to the content or format of webinars, podcasts, or events promoted on this page.