The Latest on Innovation &
Entrepreneurship in Maryland
May 2019

TEDCO's Maryland Innovation Initiative Funded the First Delivery of a Kidney for Transplant via Unmanned Aircraft

In a first-ever advancement in human medicine and aviation technology, a University of Maryland (UMD) unmanned aircraft has delivered a donor kidney to surgeons at the University of Maryland Medical Center (UMMC) in Baltimore for successful transplantation into a patient with kidney failure. This successful demonstration illustrates the potential of unmanned aircraft systems (UAS) for providing organ deliveries that, in many cases, could be faster, safer, and more widely available than traditional transport methods.

The MD Stem Cell Research Fund (MSCRF) is now accepting applications for our Validation, Commercialization and Clinical programs (Application Deadline: July 11, 2019). We invite you to apply to one of these programs. Eligible companies and faculty at MD-based Universities and Research institutes can contact us for more information or visit MSCRF funding opportunities.
Entrepreneurship Center Accepting Applications for F3 Tech Pre-Accelerator - Deadline: May 19th

Transform your idea to help feed or fuel the world into reality with F3 Tech's Pre-Accelorator Program. Agriculture, aquaculture and environmental initiatives are looking to harness technological advances in data, robotics or automation to be more productive and sustainable. APPLY NOW to F3 Tech's pre-accelerator by May 17 to start commercializing your idea.

FounderTrac Now Accepting Applications for the Fall 2019 Cohort

The Annapolis-based accelerator will choose 10 founders of high-growth startups to take part in the 12 week program, which aims to help founders, who are building highly scalable businesses, solving problems for large addressable markets. 

TEDCO Portfolio Company, Osmosis crossed a million YouTube subscribers and this week their TEDx talk was released!

Learn more about the future of health education as described by co-founder Shiv Gaglani:
Now Requesting Exhibitors and Sponsors for TEDCO'S ENTREPRENEUR EXPO

You won't want to miss out on this opportunity to join Maryland's entrepreneurial innovation ecosystem as an exhibitor or sponsor at TEDCO's Entrepreneur Expo.

EYECON: The Premier Youth Entrepreneurship Conference
Thursday, May 9, 2019
8:00 AM - 2:00 PM
Morgan State University

Cybersecurity Impact Awards
Tuesday, May 14, 2019
5:30 PM - 8:30 PM
SPACES - The Artisphere

Maryland Tech Council's Industry Awards Celebration
Wednesday, May 22, 2019
5:30 PM - 8:30 PM
Bethesda North Marriott Hotel

Prelude Pitch

Thursday, May 23, 2019
9:00 AM - 1:00 PM

Register Now to pitch or observe
2019 Technology Showcase
Wednesday, June 12, 2019
6:00 PM - 9:00 PM
FNLCR Advanced Technology Research Facility

Anchor Ventures: The Continuum of Capital
Thursday, June 20, 2019
4:30 PM - 7:00 PM
JHTV FastForward

Paragon acquisition gives a jolt to Md. biotech industry
Ten years ago, Paragon Bioservices moved into the University of Maryland BioPark with just 30 employees and a change of direction to focus on manufacturing gene therapies. Monday the firm announced that it had agreed to be acquired by Catalent Biologics in a more than $1.2 billion deal expected to be completed this quarter. 

A significant milestone for a great TEDCO MII portfolio company - CoapTech (gets FDA clearance for PUMA-G System)

CoapTech LLC, a medical device company focused on delivering transformative solutions for minimally-invasive surgery, announced Monday the U.S. Food and Drug Administration granted the company 510(k) clearance for its PUMA-G System April 10, which enables ultrasound-based placement of percutaneous gastrostomy feeding tubes.

TEDCO Portfolio Company, LifeSprout , in Science Magazine

Car crashes, battle wounds, and surgeries can leave people with gaping holes in soft tissue that are often too large for their bodies to repair. Now, researchers have developed a nanofiber-reinforced injectable gel that can rebuild missing muscle and connective tissues by serving as a scaffold and recruiting the body’s wound-healing cells. So far, the team has tested the material only in rats and rabbits. But if it performs as well in humans, it could give reconstructive surgeons a fast and easy way to help patients regenerate lost tissues without scarring or deformity.

BioFactura, Inc., a TEDCO portfolio company, raises Series B

University of Vermont Health Network Ventures and Wilson Sonsini Goodrich & Rosati Invest in BioFactura

Maryland Stem Cell Research Commission Announces Funding Opportunities for stem cell research commercialization and clinical trials

The Maryland Stem Cell Research Commission (Commission) issued its Request for Applications (RFAs) for the first round of funding for fiscal year 2020. The deadline for applications is July 11, 2019. 

remodelmate, TEDCO Portfolio Company, Closes $525K Seed Round

Home remodeling marketplace remodelmate announced today they raised a $525,000 seed round led by CoVenture and from other leading firms MIT Alumni Angels of Washington, D.C., Dorm Room Fund and TEDCO, as well as angels. The company will use the funds to scale marketing and to launch new product features.

TEDCO Funds 3 Firms Founded by Disadvantaged Entrepreneurs

Three startups received funding this week from a TEDCO fund designed to help firms founded by entrepreneurs from economically or socially disadvantaged backgrounds.

As recipients from the Pre-Seed Builder Fund, these companies receive funding and executive management help from the Maryland Technology Development Corporation.

ClearMask , TEDCO Portfolio Company, featured on WMAR-2 News Baltimore

Two Johns Hopkins University are reinventing the surgical mask to make quality health care accessible in hospitals and doctor’s offices everywhere. Their product, the ClearMask, is a fully transparent surgical mask that improves visual communication for more compassionate and inclusive connections.

10 BioHealth Start-Up CEOs in Baltimore

New startup founders and CEOs draw on the experiences of fellow entrepreneurs in what has been dubbed, the Founders Network. Having a trusted support system for knowledge transfer and inspiration has been invaluable to many of these CEOs.  TEDCO  has been an important part of this resource network, facilitating monthly roundtables, mentorship, and advisory services, in addition to the various investment programs that have been the source of early capital for many of their ventures.

Have an event you'd like to share with the TEDCO Community?
Submit here to be considered for posting on our website TEDCOMD.COM
Do you have TEDCO News?
Submit here for inclusion in a future email