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June 2025

The latest on innovation and entrepreneurship in Maryland

As TEDCO turns 27, we celebrate another incredible year of innovation, entrepreneurship, and impact! TEDCO is proud to be a catalyst for growth and opportunity in our ecosystem.

TEDCO Investments

TEDCO Announces $1.5 Million

Investment in Pixee


Arshan Dabirsiaghi, CTO and Surag Patel, Co-founder & CEO


Pixee was started to empower enterprise security teams with the platform necessary to match the velocity of software development in today’s generative artificial intelligence (AI) coding era. Read more.

TEDCO Invests in Forager Station


 Patrick Ho,

CEO


Forager Station is a company working to commercialize electrochemical direct lithium extraction from saltwater brines. The company hopes this development will increase the U.S. supply of lithium and transform the country from a lithium importer to a lithium exporter. Read more.

 

Sponsor the 2025 Entrepreneur Expo

TEDCO’s 2025 Entrepreneur Expo is shaping up to be an unforgettable event, and we’re actively seeking sponsors, exhibitors, and attendees

Click here to view the Sponsorship & Exhibiting Prospectus

 

Ecosystem Spotlights

TEDCO Announces the FY26 Board of Directors


TEDCO announces the Board of Director’s Executive Officers for FY26. As one of Pitchbook’s top 20 venture capital investors in the Mid-Atlantic region, TEDCO is making an impact, driving collaboration and encouraging diversity. With the results of this most recent election, the FY26 board is perfectly situated to continue supporting Maryland’s growth.


Learn more about the Board here.

TEDCO’s Maryland Innovation Initiative Announces New Board Members



TEDCO’s Maryland Innovation Initiative (MII) is excited to announce two new members for the MII Board of Directors – Carol Washington and Francesca Gabriella Ioffreda. The addition of these two innovative appointees brings the program’s board to full capacity.


Read more.

Leading in the B-Suite: Troy LeMaile-Stovall


TEDCO CEO, Troy LeMaile Stovall was featured in "Leading in the B-Suite," an interview series for prominent black leaders. During the interview Troy shared powerful lessons with Rhonda Morris, the former CHRO of Chevron, and Adam Bryant, Senior Managing Director at The ExCo Group.



Read the full interview here.

Maryland Stem Cell Research Fund Awards Over $18 Million to Drive Breakthroughs in Regenerative Medicine


This funding supports 52 investigators from top Maryland based research institutions and companies working on almost 50 different medical conditions and diseases including sickle cell anemia, diabetes, cancers and chronic pain to diseases directed to heart, bone, blood, digestive and neurological conditions.


Read more.

TEDCO’s Tammi Thomas Elected President of the Maryland Economic Development Association


TEDCO recently announced the appointment of its chief development and marketing officer, Tammi Thomas, as the elected president of the Maryland Economic Development Association’s (MEDA).


Read more.

 

Entrepreneurial Resources Spotlights

Register Today: TEDCO's Monthly Investment Open Forum


Are you an entrepreneur looking for funding opportunities for your business? TEDCO has several investment funds that could be a great fit! Any additional questions can be answered at the virtual Investment Open Forum, hosted by TEDCO’s investment team each month.

Training Materials Development & Delivery RFP


Submission Deadline: June 16, 2025


The firm selected will assist in uplifting TEDCO’s BRIDGE program by developing compelling training materials and delivering training to provide sufficient knowledge and skills to BRIDGE participants. 

Community Development Financial Institutions Technical Assistance Services RFP


Submission Deadline: June 30, 2025


TEDCO announces the release of a Request for Proposals to support the BRIDGE program’s Community Development Financial Institutions Technical Assistance Services. Chosen firms will be responsible for delivering financial consultations tailored to the unique circumstances of each business.

Apply Today: Maryland Stem Cell Research Fund Announces Call for Applications for the July 2025 Cycle


Application Deadline: July 9, 2025


The Maryland Stem Cell Research Fund announces a call for applications for the July 2025 funding cycle. The upcoming cycle supports a range of grant programs, including early-stage basic research, translational efforts, clinical trials and manufacturing support. 

Apply Today: Equitech Growth Fund


Application Deadline: August 8, 2025



The Equitech Growth Fund (EGF) provides grants for infrastructure and workforce development initiatives that support Maryland’s economic competitiveness, foster economic opportunity for all and accelerate growth of emerging and advanced industries in the State.  

Apply Today: Technical and Business Assistance (TABA)


Application accepted on a rolling basis.


TEDCO's Technical and Business Assistance (TABA) applications are now open!


The program allows federal agencies to provide funding to SBIR/STTR Phase I and Phase II awardees to enhance their project’s commercialization potential. 


TEDCO Office Hours & Open Forums

 

For more events happening in our ecosystem,

visit our Events Calendar.

 
 

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DISCLAIMER
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.