April 2017 Newsletter
TEDCO Spotlight:  Maryland Venture Fund's BrainScope

BrainScope, a Maryland Venture Fund backed med-tech firm based in Bethesda, has developed a new generation of hand-held, easy-to-use, non-invasive instruments designed to aid medical professionals in rapidly and objectively assessing Traumatic Brain Injury (TBI). The AHEAD 300 is a tricorder-like device that can assess the likelihood that a patient has more than one milliliter of bleeding in the brain. More>

What's Happening @ TEDCO?

Entrepreneurship showcase accelerates public-private collaboration to support a sustainable economy
On April 10, local entrepreneurs and federal researchers gathered at the National Institute of Standards and Technology (NIST) to explore technology commercialization and cooperative R&D projects.
"We create a significant number of inventions and technological innovations that could be transformed into real economic value with the right private sector partners," said Paul Zielinski, director of NIST's Office of Technology Partnerships.  

NIST's scientists and engineers presented both advanced manufacturing opportunities and green/energy efficient technologies, two fields of work that reflect emerging industries within Montgomery County.

"NIST is a fantastic resource for start-ups who want to commercialize existing patents or develop new innovations with federal partners," said David Petr, CEO of the Montgomery County Economic Development Corporation (MCEDC).  MCEDC is the county's newly privatized economic development organization, and was a co-sponsor of the event.
The event was also co-sponsored by the Maryland Technology Development Corporation (TEDCO), which has provided mentoring, funding and networking to technology start-ups for nearly two decades.  "Our federal lab partners, like NIST, are a big source of inspiration for Maryland's entrepreneurs and a major economic driver in our state," said John Wasilisin, president of TEDCO. "TEDCO's $22 million invested in more than 400 companies has led to more than $1 billion in follow-on funding since 1998."  In addition to entrepreneurs and scientists, business development specialists from Rockville, Gaithersburg and Bethesda were also available to answer questions.  

"NIST's research in nearly every industry is unparalleled," said Petr. "When you combine this research with the tenacity of our entrepreneurs, the financial support of TEDCO and the incubator services of our partners, Montgomery County has the infrastructure in place to accelerate these businesses and create a more diverse, and sustainable, local economy."  


MERL provides a list of entrepreneurs who are available to mentor or provide leadership to early stage companies. MERL can be used by innovators who need an entrepreneur to commercialize their technology or by university and federal laboratory technology transfer professionals who want to identify management for a start-up opportunity being developed at their institution. The next MERL Office Hours is April 28, 2017 from 9-11 a.m. at TEDCO in Columbia; RSVP to Dr. Linda Saffer at  lsaffer@tedco.md  .

Join Maryland's #1 entrepreneurial, business assistance, and seed funding organization!
TEDCO has a staff opening for an Application Support/Data Analyst to fill a critical role in the organization's operations and support activities. In particular, we are seeking someone to perform data analysis (including financial analysis); to provide and manage a variety of applications administration, implementation, support, and integration with workflows; and to collect and track data and reports associated with the management of TEDCO's portfolio of investments.  More>

Upcoming Events

Featured Event: MII I-Corps Informational Briefings
TEDCO's Maryland Innovation Initiative (MII) is pleased to offer an I-Corps course for current MII grantees and near-term (or past applicants) from the program.  Brief informational sessions are scheduled this month for those who want to learn about the upcoming course offering.  Please JOIN US for one of our online Q&A sessions with the course instructors, Edmund Pendleton and Mike  Abbott on April 12th or 14th. More details below. (Link for the day of  umd.webex.com/meet/edmund ). Program overview: http://www.dcicorps.org/tedco-program-overview/.

Additional Upcoming Events:
Intellectual Property Workshop, April 26 from 3-5 p.m. at Salisbury University

Venture Intelligence, April 12-May 24 at Launch Workplaces in Gaithersburg

Funding Your Business Workshop, May 5 from 11 a.m. - 3 p.m. at Hagerstown Community College

Annual ICE Awards, May 25 at the Institute of Marine & Environmental Technology; program that recognizes outstanding businesses and individuals from TEDCO's diverse portfolio of more than 300 seed and early-stage companies

2017 Technology Showcase, June 7, 2017 in Frederick

In The News

The Maryland Technology Development Corporation (TEDCO) announced today that Governor Larry Hogan appointed Dr. Jennifer Elisseeff of
Johns Hopkins University (JHU) to the Board of Directors.
Dr. Elisseeff is the Morton Goldberg Professor and director of the Translational Tissue Engineering Center at Wilmer Eye Institute and the Department of Biomedical Engineering at JHU. In 2004, Elisseeff cofounded Cartilix, Inc, a startup that translated adhesive and biomaterial technologies for treating orthopedic disease, acquired by Biomet Inc in 2009.

TEDCO Stands Out at 2017 AUTM Annual Meeting in Florida  
Maryland is a powerhouse entrepreneurial ecosystem. TEDCO impacted the 2017 Annual Meeting of the Association of University Technology Managers (AUTM). TEDCO and startups funded by TEDCO's Maryland Innovation Initiative (MII) were recipients of AUTM awards at the national meeting.  

Entrepreneurship showcase accelerates public-private collaboration to support a sustainable economy
Today, local entrepreneurs and federal researchers gathered at the National Institute of Standards and Technology (NIST) to explore technology commercialization and cooperative R&D projects.
Leadership Maryland Announces 2017 Officers and Directors
Pamela Ruff, John Wasilisin, Derryck Fletcher, Sean Looney, and Susan Simmons join board of directors
Announcing the 2017 Maryland Cybersecurity Award Winners  On Wednesday, March 22nd, the nonprofit Cybersecurity Association of Maryland, Inc. (CAMI), in partnership with PNC Bank and Point3 Security, hosted the inaugural Maryland Cybersecurity Awards Celebration.
Stephen Auvil accepts an award at the AUTM Annual Meeting

The Daily Record: Md.-based startups sweep finals at national competition
Maryland startups made waves on a national stage this week, with all four finalists at the Association of University Technology Managers business plan competition coming from the state.
The Daily Record: TEDCO announces funding for five startups
Five companies have received funding through the Maryland Technology Development Corporation's (TEDCO) Seed Investment funds.
The Daily Record: Brian Corbett joins TEDCO
Brian Corbett has joined TEDCO as director of seed investment funds. Corbett is responsible for the day-to-day operations of its seed investment funds and the management of the portfolio companies