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Find similar grantsConcept Capital program is sponsored by TEDCO (Maryland Technology Development Corporation). TEDCO's Concept Capital program provides critical early-stage funding for tech companies in Maryland to further launch and grow their businesses. It aims to support founders in the beginning stages of entrepreneurial ventures.
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Concept Capital is TEDCO's initiative to bridge the early-stage funding gap for underrepresented entrepreneurs across Maryland. The program was created to provide flexible funding and specialized support to founders, thereby ensuring they are prepared for future venture opportunities.
With a focus on socially and economically disadvantaged and rural-based founders, Concept Capital offers convertible notes ranging from $25,000 to $50,000. These funds come with founder-friendly terms (e.g. zero interest and negotiable valuation caps). Applications are accepted on a rolling basis.
To qualify, applicants must meet the following requirements: Maryland-based business (principal office in Maryland with 51%+ workforce in-state) Technology-driven business (non-retail focus) Founded within the last 7 years Founder or business located in a rural or disadvantaged community, or a socially and economically disadvantaged individual (SEDI), including minority, disabled, or female founders.
Beyond funding, eligible founders may access: One-on-one mentoring and advisory services Advanced software for performance tracking and investment-readiness Tailored guidance to achieve critical venture milestones Venture Development Fact Sheet
According to the current listing, eligibility includes: Eligible entities in Maryland with entrepreneurial ventures in the technology sector. Confirm the full requirements in the official notice before applying.
The current listing shows $25,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Concept Capital program is funded by TEDCO (Maryland Technology Development Corporation). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Maryland. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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