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October 2023


The latest on innovation and entrepreneurship in Maryland

TEDCO Invests in AGED Diagnostics



AGED Diagnostics is a biotechnology company working to create an early detection and intervention solution for liver disease. Using genomic innovation, the company is working to create a more accurate blood test for liver disease. With this solution, physicians could keep patients in a monitoring program, helping to reduce financial burdens and improve patient outcomes. Read More

TEDCO Announces Recent investment in Femly Corporation


Femly Corporation focuses on increasing access to natural menstrual products, but has developed an innovative solution for dispensing their products to help meet the demand of menstrual products in public spaces. Through this technology manufacturing, they offer smart and innovative hygiene dispensers to customers across industry verticals. Read More

TEDCO Invests in Flexnode


Flexnode, Inc. is a next generation digital infrastructure company that develops, deploys and operates liquid-cooled end-to-end data management solutions that are designed to go anywhere. Through this system and their Data-Center-as-a-Service (DCaaS) business model, Flexnode supports the full data center lifecycle. Read More

TEDCO Invests in ARMR Systems, Inc.


ARMR Systems’ novel wearable platform stops severe arterial bleeds and can respond to trauma in any theater. While the focus of ARMR’s development initiatives is initially on addressing hemorrhage control needs within the military context, the solution will expand and extend to domestic first-response, law enforcement, common clinical applications, and humanitarian aid in high-risk environments. Read More

TEDCO Invests in Natáur


Natáur is a company working to provide bio-based solutions for nutrient production. Taurine is used extensively in the nutrition, food, feed, and personal care sectors. Currently, the market is primarily filled with synthetic taurine made from petrochemicals, posing risks to humans, animals, and the environment. Read More

MSCRF Announces $4M in Grants to Drive Stem Cell Innovations


The Maryland Stem Cell Research Commission (MSCRC) announces grant awards totaling approximately $4 million dedicated to fostering innovative research that will propel advancements in stem cell treatments and technologies across Maryland.


12 outstanding scientists hailing from Maryland-based research institutions and companies have been selected as recipients of these prestigious grants. Among the distinguished awardees are researchers from esteemed academic institutions, such as Johns Hopkins University and the University System of Maryland, and early-stage companies, including Secretome Therapeutics, Inc. (formerly NeoProgen), Renovate Biosciences, Inc., and Phycin, Inc. Read More 

Ashley Williams CEO at Clymb Selected as 2023 Social Justice Innovation Awardee


The Centri Tech Foundation engaged a broad, national network of experts and practitioners to nominate promising innovators tackling some of the most complex and urgent social justice issues facing American communities. This year's awardees were selected from a highly competitive pool of 150 nominations following a rigorous selection process that included external reviewers drawn from a variety of disciplines and fields. Read More


Source: Centri Tech Foundation

Cyber Maryland Program Aims to Address Cybersecurity Workforce Shortage


As the number of jobs unfilled in Maryland’s cybersecurity industry continues to grow, Maryland leaders are looking for ways to meet the demand for skilled workers.


In the 2023 legislative session, the Cyber Maryland Program was established for this exact purpose, and to support the development of a highly skilled and diverse cybersecurity workforce. There are currently 30,000 unfilled cyber jobs in the state of Maryland. Read More


Source: The Daily Record

TEDCO Initiative Propels Catoctin Mountain Growers and Jumplights Partnership to Success



Catoctin Mountain Growers (“Catoctin”), located in Keymar, has been in the ornamental flower business for decades. Founded in 1985 by Bob and Denise Van Wingerden, the business has played a key role in supplying ornamentals to large retailers such as Walmart.


While wildly successful, a team of engineers at Gaithersburg-based JumpLights saw a unique partnership opportunity to help Catoctin be even more productive. Like many other greenhouses, Catoctin traditionally used 600-watt High Pressure Sodium (HPS) fixtures to supplement light for their plants, and the fixtures were past their prime. Read More


Source: The Daily Record

Ruchika Nijhara, PhD, selected as one of The Daily Record’s 2023 Influential Marylanders


TEDCO, Maryland’s economic engine for technology companies, announced that Maryland Stem Cell Research Fund (MSCRF) executive director, Ruchika Nijhara, PhD, was named one of The Daily Record’s 2023 Influential Marylanders.


“Although a new addition to 1TEDCO, it’s already evident why Ruchika was chosen to be an Influential Marylander,” said Troy LeMaile-Stovall, TEDCO CEO. “Her dedication to supporting researchers is unwavering; she actively works to improve processes, support others and so much more. We are proud to be working with someone as talented and influential as Ruchika.” Read More

Celebrating Five Years of FAST Success


For five years, the TEDCO Small Business Administration (SBA) Federal and State Partnership Program (FAST)-funded Proposal Lab has taught more than 120 Maryland tech and life science businesses the essential skill of writing compelling, compliant, competitive Phase I SBIR/STTR proposals. The results are clear: companies participating in TEDCO’s Proposal Lab outperform the competition with a Phase I award success rate of 39%, more than double that of other applicants. Read More

Collaborative autonomy corridor creates high-skill jobs and innovation in Southern Maryland


The autonomy corridor, an area focused on innovating and developing autonomous systems and machines, exists throughout Maryland and is one of the important regional economic development technology corridors developed in collaboration with government, academia and local industry.


In fact, the focus of this corridor is a reflection of top industry-based entities in the region such as the University of Maryland’s Clark School of Engineering, the Naval Air Warfare Center Aircraft Division (NAWCAD) and the Naval Air Systems Command (NAVAIR).

Read More

TEDCO is Hiring


Visit tedcomd.com/jobs to view our available positions.


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Ecosystem News

TEDCO Selected as The Daily Record’s 2023 Empowering Women Honoree


8 things to know: BBJ honors Baltimore-area CEOs


BBJ Power 10: Troy LeMaile-Stovall, TEDCO


Innovating Insights from Black Enterprise's Women of Power Tech Summit


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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. 
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