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April 2025

The latest on innovation and entrepreneurship in Maryland

Maryland Launches Comprehensive Cybersecurity Talent Strategy to Drive Economic Growth and Secure the Future


TEDCO’s Cyber Maryland Program released the “Maryland’s Cybersecurity Talent Strategy” report. This strategic report, created in collaboration with the Governor’s Workforce Development Board, follows a recent study that found more than 6,500 open public and private cybersecurity positions were available in Maryland and Washington D.C. between December 2023 and January 2024. 

Read More

TEDCO Investments

TEDCO Announces Funding in Pedestal



David Asbery

CEO


Pedestal is creating a direct-to-consumer platform for artist album releases. Through the tools provided in the platform, artists can create exclusive experiences for their fans including visual and interactive album options. Read more.

TEDCO Invests in Hememics Biotechnologies, Inc.



 John Warden

CEO


Hememics Biotechnologies, Inc. is a biosensor company working to create a low-cost testing platform for small-molecule detection in the field. The company developed a pocket-sized reader with use-once chips that can detect multiple targets from a single drop of liquid sample. Read more.

Ecosystem Spotlights

Register Now: TEDCO Entrepreneur Expo


TEDCO’s Entrepreneur Expo will be a day filled with opportunities to attend workshops, pitch, and network with some of the region's most innovative startups and investors.

 

Registration is now OPEN, but space is limited so don’t delay and secure your spot now.

This stem cell research fund is transforming patient care in Maryland


This patient suffered from a rare genetic disease that caused his immune cells to not work properly. Between constantly getting pneumonia and coming in to receive interferon gamma shots, he spent a significant amount of his childhood in the hospital.

Read more.


Source: Technical.ly

Maryland cybersecurity startups are coming in hot as AI sends chills through the industry


CyDeploy and TeamWorx Security are addressing issues like threat detection and non-disruptive updates for key government systems. Read more


Source: Technical.ly

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.

Register today for April 30

Apply Today: Baltimore Innovation Initiative


Application Deadline: May 8, 2025


The Baltimore Innovation Initiative seeks to advance technology toward commercialization of a product or service and bolster support for entrepreneurs developing technology-based ventures.

Apply for Funding

Apply Today: Maryland Makerspace Initiative Program


Application Deadline: May 15, 2025


Calling all entities working with Makerspaces in Maryland – applications for TEDCO’s Maryland Makerspace Initiative Program are officially open! 


This innovative program was created to encourage the growth of Maryland’s Makerspace ecosystem. 

Apply for Funding

Apply Today: Concept Capital Funding


Application Deadline: June 30, 2025


The program was created to bridge the early-stage funding gap for underrepresented entrepreneurs across the State. Concept Capital provides flexible funding up to $50,000 and specialized support to founders, thereby ensuring they are prepared for future venture opportunities.

Apply for Funding

Startup Bazaar at UMD Smith School


The next edition of Startup Bazaar will be held on Friday, April 12, at the Robert H. Smith School of Business, University of Maryland. This dynamic, daylong event will spotlight innovation in AI, biosciences, MedTech, and quantum computing, and bring together entrepreneurs, investors, students, and industry leaders.

Register Today

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. 


Apply Today

Applications are now open for the 2025 JLABS Investor & Partnering Day


Join JLABS on Wednesday, May 7, 2025 at the New York Genome Center in New York City to connect with top investors in curated one-on-one meetings designed to spark potential partnerships.

Apply Today

TEDCO Events

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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.