August 2021

The latest on innovation & entrepreneurship in Maryland

Astek is a Maryland Innovation Initiative (MII) portfolio company that is a University of Maryland Baltimore County spinout that is building a platform (Eugris) that guides physicians in prescribing appropriate antibiotics for patients with bacterial sepsis in one hour.

Y Combinator is a startup accelerator, based in San Francisco, working with companies to refine their pitch to investors. A highly competitive program, the YC has an approximate 3% acceptance rate.

As part of Governor Larry Hogan's $5M economic relief package, the RUBRIC program is an economic relief initiative to benefit socially and economically disadvantaged and rural early-stage technology-based businesses hit hardest by the COVID-19 pandemic. The funds administered by TEDCO are provided to early-stage companies that are impacted by the current crisis and are in need of bridge funding to survive and prosper as the downturn and COVID-19 crisis subsides.
to TEDCO portfolio companies JuneBrain Inc. and remodelmate!

Winners of the Washington Business Journal and DC Inno Fire Awards of 2021!
OcuFlow placed in the top 6 (out of 100) in the ASCRS Pitch Competition

The I-Corps program is an immersive learning experience developed by the National Science Foundation for researchers, faculty, students, and others to determine if the problem they are working to solve exists on a larger scale in the market.
The next cohort will be taught by Elizabeth Mazhari and will run from September 16th through October 14th. Applications are accepted through September 1st.
Maryland companies poised for growth and expansion are encouraged to apply for the SCALEUP Maryland™ Program, sponsored by the Maryland Department of Commerce and the T. Rowe Price Foundation. This four month program, taught by seasoned entrepreneurs and business development professionals, will help you develop in-depth and targeted strategies for growth. Companies with $500K to $2M in revenue across multiple industries will develop tools to reach their targeted milestones.

Applications Due: August 20, 2021

Using cell therapy, Dr. Luis Garza, Associate Professor of Dermatology at the Johns Hopkins School of Medicine, and his lab are conducting clinical trials to help wounded warriors and the 2 million amputees living in the United States. His mission is to give back to the people who have risked their lives for their country and the Maryland Stem Cell Research Fund (MSCRF) has made that possible.

Visit to view our available positions.
Stewardship—A Foundation for Innovative Leadership

At TEDCO, we embrace the core value of stewardship every day in each of our programs. It is our responsibility and privilege to manage the scarce resources entrusted to us by our public and private partners. As a quasi-public instrumentality of the State of Maryland, TEDCO incorporates stewardship into our mission to serve the State’s entrepreneurs in an efficient, effective, and fiscally responsible manner.
TEDCO Talks: A virtual series featuring thought leaders in economic development from across the State of Maryland. Join TEDCO's CEO, Troy LeMaile-Stovall, in thought-provoking conversations with regional leaders about the future of Maryland’s innovation ecosystem. 
Recent interviews include:

TEDCO Venture Talks: A new virtual series featuring entrepreneurs, prominent investors and tech industry leaders from across the State of Maryland and beyond. Join TEDCO's Chief Investment Officer, Jack Miner, as he talks to leaders from a variety of organizations—including county economic development corporations, business chambers, and technology councils—about the startup ecosystem and learn how the people behind the capital make decisions. 
Recent interviews include:
August 18 - 21, 2021

MACo Summer Conference: Resilient. Responsive...Ready.
August 19, 2021

Health Tech Entrepreneurs Meetup

5:00 PM - 6:00 PM
August 20-22, 2021

The Passionistas Project Hosts 2nd Annual Women's Equality Summit 2021
August 26, 2021

Summer Social with the MD Innovation Center!

3:30 PM - 5:30 PM
August 27, 2021

Startup Grind Founder's Forum - August Round 2

11:00 AM - 1:00 PM
August 27, 2021

SCALEUP Maryland Kick-Off Session

11:30 AM - 1:00 PM
September 1, 2021

NCI/FNL 2021 Technology Showcase

11:45 AM - 5:15 PM
September 8, 2021

Catalyst Loan Fund Information Session

10:00 AM - 11:00 AM
September 13 - 14, 2021

2021 BioHealth Capital Region Virtual Forum
September 22, 2021

5th Annual Maryland Cybersecurity Awards Celebration

5:00 PM - 8:00 PM
October 13-16, 2021

GCEC Baltimore 2021
October 14, 2021

Tech at the Gap: Prepare to Launch
October 24 - 26, 2021

Ocean Exchange 2021
October 28, 2021

2021 Crab Pot Pitch Competition
October 29, 2021

2021 Shore Hatchery Competition
November 2, 2021

EAGB 2021 Annual Meeting

5:00 PM - 7:30 PM
November 18, 2021

Celebration of Maryland Manufacturing
Astek Diagnostics Accepted into the Y Combinator - BioBuzz
TEDCO Makes Rural Business Pre-Seed Investment
UMBC spinoff Astek Diagnostics accepted into Y Combinator - The Daily Record
TEDCO Awards 45 Grants to Maryland Businesses Hit Hardest by the Pandemic - I95 Business Magazine
Money Moves: Arlington-based Interos is now a unicorn Plus, TEDCO announced grants for 45 Maryland businesses, and a SPAC from Revolution's Steve Case completed its first merger.
This UMBC-born medical device startup got accepted into Y Combinator -
UMD Research Aims To Develop A Genome Editing Pipeline In Carrots, Optimize Crop Production
University Of Maryland Professor Gets New Funds To Continue Research To Enhance Crop Production
Multiple D.C.-area companies closed $100M rounds in July. Here are more local ventures that secured investments.
Pacific Biosciences Acquires Circulomics – A Leading High Molecular Weight DNA Extraction Company
Deal roundup: Medical device firm readies for European sales, local events firm acquires another - Multiple TEDCO Portfolio Companies Spotlighted on Baltimore Business Journal
TEDCO and several portfolio companies mentioned in the Journal of Technology and Innovation 
University of Maryland Associate Professor receives new funding to expand CRISPR-Cas12a genome editing technologies and continue the search for novel variants - Research aims to develop a genome editing pipeline in carrots and screen for new CRISPR systems
TEDCO’s Vision for Fueling Economic Growth: Delivering Time, Talent and Treasure to Entrepreneurs
Omar Muhammad Elected Chair of TEDCO’s Board of Directors - Citybiz
A Silicon Valley sequencing leader acquired Baltimore biotech company Circulomics
First African American Elected Chair of TEDCO's Board of Directors - Yahoo! Finance
Vita Therapeutics Raises $32 Million
First African American Elected Chair of TEDCO's Board of Directors - MarketWatch

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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.