September 2022

The latest on innovation and entrepreneurship in Maryland

Medcura, Inc. developed an advanced wound treatment platform to provide rapid and reliable bleeding management while creating an antibacterial healing environment. This technology has been developed into a versatile hemostatic product line targeting surgical, military/trauma, and even consumer applications. Medcura combines the use of safe, inert, naturally abundant, low-cost ingredients with proprietary chemistry that can be delivered in easy-to-use formats that require no preparation or special handling.
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TEDCO’s inaugural Tech Fair focuses on connecting underserved small businesses to resources and technology. This FREE event will welcome the region’s entrepreneurs and business owners to gain more of an online presence and access training programs provided by larger technology companies.

  • Welcome Remarks from Troy LeMaile-Stovall, CEO, TEDCO
  • Remarks from John F. Fleming, Mid-Atlantic Regional Administrator, U.S. Small Business Administration (SBA)
  • Keynote Address: U.S. Senator Ben Cardin, Chair, Small Business and Entrepreneurship Committee

Building an alliance to enable promising, diverse, and disadvantaged women business leaders for a more equitable future.

Applications will close September 10, 2022.

Return, a success intelligence software company focused on attaching true business outcomes to content success, announced today it closed on additional pre-seed funding led by Maryland Technology Development Corporation (TEDCO), with additional funding coming from private investors. After recording annual revenue from customers such as Virtusa Corporation and its key strategic partners, Return will continue to focus on the enterprise tech and services market segments.

Source: Newswires EIN

Maryland startup STEER Tech is among the first to put a self-parking feature in the hands of consumers. Their automated, self-parking system can be retrofitted onto existing vehicles. STEER Founder and CEO Anuja Sonalker, Ph.D joined us to talk about putting this exciting new technology in the hands of consumers, and the wide range of applications. According To Sonalker, “TEDCO Recognized the game-changer that this technology could be, and it was about more than the money, TEDCO gave us all of the resources and support we needed.”

Source: WJLA-TV

We are committed to enhancing economic empowerment for entrepreneurs across the state, providing funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland.

Source: Maryland Inno

September 28, 2022
10:00am - 11:00am

CEO Troy LeMaile-Stovall said the Maryland Technology Development Corp. will work to ensure more startup founders outside of traditional large research universities are able to benefit from Maryland's growing technology economy.

Source: Maryland Inno

TEDCO is seeking a licensed commercial real estate broker to assist with an early exit strategy and search for approximately 8,000 square feet of Class A office space in Columbia/Merriweather town centers.

Deadline: September 30, 2022 at 5pm

In their effort to foster a more diverse, equitable, and inclusive Maryland workforce, MTC's Technology Inclusivity Initiative (TI2) will be creating Maryland's first free online directory of tools and technologies that can help organizations develop, implement, and track their DEI strategies. MTC's DEI Tools Directory will feature qualified technologies that have been developed in Maryland, or by companies with a Maryland presence (e.g., business location and/or Maryland-based employees).

Submissions Due: September 15, 2022

The DataTribe Challenge is a unique annual competition that brings together the best entrepreneurs in the world looking to disrupt cybersecurity and data science. DataTribe selects three finalists that split $20,000 in prize money and one winner that could receive up to $2 million in seed capital. The Challenge concludes in an invite-only pitch event where three finalists present to and network with cyber industry luminaries in-person. DataTribe will announce the winner at the end of this event.

Submissions Due: September 23, 2022

Submit a story to be included in RMI’s online 2022 Champions of Maryland Manufacturing Directory. Submit your Champion story/stories today via this online form; no cost to do so. View the new online Directory of 2022 Champions.

Submissions Due: September 23, 2022

U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) worked closely with TEDCO to create the fair, and he will deliver a keynote address.
John F. Fleming, mid-Atlantic regional administrator for the U.S. Small Business Administration (SBA), will speak about the SBA and the resources provided to small businesses in the region. Troy LeMaile-Stovall, CEO of TEDCO, to host the Tech Fair.

Visit to view our available positions.

Join TEDCO's CEO, Troy LeMaile-Stovall, in thought-provoking conversations with regional leaders about the future of Maryland’s innovation ecosystem.

Join TEDCO's Chief Investment Officer, Jack Miner, as he talks to leaders from a variety of organizations about the startup ecosystem and learn how the people behind the capital make decisions.
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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.