The Latest on Innovation &
Entrepreneurship in Maryland
February 2018

The following five innovative companies recently received a total of $600,000 in TEDCO Seed funding: 
  • Adaptive Phage Therapeutics, Inc, located in Gaithersburg, is developing PhageBank® a library of bacterial viruses that treat antibiotic resistant bacteria infections.

  • Ataata, Inc., located in Bethesda, creates a cybersecurity education platform used to mitigate cyber-threats caused by human error in the workplace.

  • ValuNav, LLC, located in Edgewater, is a leading (alternative) analysis and group decision-making solution that helps companies determine the most optimal choices for their resource alignment. 

  • TrackOFF, Inc., located in Baltimore, has a privacy management tool that disrupts digital-fingerprinting tools by injecting data inputs with false information.

  • Zuul, Inc., located in Columbia, offers cybersecurity protection for the industrial internet of things.
What's Happening at TEDCO
A Note from TEDCO CEO, George Davis:

We, at TEDCO, have an investment philosophy that supports both economic development goals and meaningful returns for our stakeholders, and we help build great Maryland-based companies that grow and last.

It was a pleasure to join BioHealth Innovation’s Rich Bendis to discuss new TEDCO initiatives, the economic development balance, goals for business in the State, and partnerships across the region. You can listen to our discussion on  iTunes  Google Play  , and  TuneIn .
The Rural Business Innovation Initiative offers professional ongoing mentoring and targeted projects to help startup and small technology-based businesses in the rural areas of Maryland succeed at no cost to the company. More Information
The Market Search Advisory Services provided by TEDCO at three locations are a resource to help entrepreneurs address the challenges of conducting market assessments. More Information
Two NSA technologies with strong commercial appeal are featured here. The Real-Time Simultaneous Identification of Multiple Voices technology and the Rapid Biometric Authentication technology. These two technologies, and over 100 others, are patented and are available for your commercial licensing from the NSA Tech Transfer Program.  More Information
Navy Innovation Market Place
This engaging event will consist of technology pitches and presentations given by researchers, inventors, scientists showcasing their innovative solutions to warfighter challenges as well as commercial applications for their technologies. Come learn about the
Navy’s new express licensing!

February 7th at the Southern Maryland Higher Education Center.

Anchor Ventures Launch
Please join us on Thursday, February 15 for the launch of Anchor Ventures with AOL co-founder Steve Case and TEDCO CEO George Davis!

2018 Expo & Symposium
The date has been set for TEDCO's Entrepreneur Expo & Symposium. Join us October 30, 2018 at our new location: The Hotel at University of Maryland!

For sponsorship or exhibit information, contact
Betamore, Hopkins, UM launch health care incubator
Betamore, Johns Hopkins Technology Ventures and UM Ventures have launched Trajectory Next, a health care startup incubator focused on helping new companies that already have gone through at least one accelerator program. The program was one of the recipients of $125,000 in funding from TEDCO’s Incubation Challenge at the fall Entrepreneur Expo.

Personal Genome Diagnostics closes $75 million financing round
PGDx, a Baltimore-based cancer diagnostics company, has raised $75 million to expand access to genomic testing for cancer patients.

TEDCO stem cell investments yield 1,400 jobs in Maryland, report says
The Maryland Stem Cell Research Fund, administered by TEDCO, supports research grants and loans to public and private entities. The funds are intended to help push innovative stem cell therapies toward commercialization. To date, more than $140 million has been committed to over 400 research projects in the state through the fund and have resulted in the creation of nearly 1,400 new jobs over the past 10 years.

Maryland Venture Fund closed on $25M to invest in tech companies
The state-backed Maryland Innovation Opportunity Fund I provides fresh capital after MVF was retooled. The money comes from Maryland’s State Retirement and Pension Fund

New TEDCO and National Cancer Institute Partnership Intermediary Agreement
TEDCO and the National Cancer Institute (NCI) have entered into a Partnership Intermediary Agreement. The NCI coordinates the National Cancer Program, which conducts and supports research, training, health information dissemination, and other programs with respect to the cause, diagnosis, prevention, and treatment of cancer, rehabilitation from cancer, and the continuing care of cancer patients and the families of cancer patients. It is of mutual interest to NCI and TEDCO to arrange the licensing of NCI technologies and collaborative opportunities with Maryland educational institutions and companies, to engage in advancing the state-of-the-art and the commercialization of products to benefit the public.  

Growing Maryland Business Takes More Than Money
By leveraging industry experts, TEDCO provides Maryland’s entrepreneurs with solid, practical advice once a month from its Columbia headquarters. 
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