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TEDCO Pre-Seed Builder Fund is sponsored by Maryland Technology Development Corporation. Provides funding to technology startups led by entrepreneurs from socially or economically disadvantaged backgrounds in Maryland.
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Social Impact Funds | TEDCO Designed to engage and invest in all founders and communities Apply to Social Impact Funds TEDCO embraces diversity, equity, inclusion, and merit, supporting all Maryland startup communities. Our Social Impact Funds are purposefully designed to engage and invest in economically underserved founders and communities.
TEDCO is pleased to be one of the direct participants in the deployment of Maryland’s State Small Business Credit Initiative (SSBCI) , which supports our Social Impact Funds. We want to optimize the path to follow-on funding; many companies show a path to sustainability without the need for venture capital.
Both the Pre-Seed Builder Fund and the Inclusion Fund have minimum ownership requirements by individuals who demonstrate economic disadvantage. However, Maryland has a strong entrepreneurial ecosystem and oftentimes there are other business resources, including at TEDCO, available for our startups to grow their business. We welcome pre-seed technology startups from all industries to apply.
However, to be applicable, a company must meet all the following qualifications: Principal place of business is in Maryland At least one full-time employee More than half of the workforce based in Maryland No less than 50% of founders demonstrate economic disadvantage The Builder Fund typically invests initial amounts of $100,000 via convertible notes. The Social Impact funds can invest up to $750,000 on a single deployment.
Funded companies are also provided Builder Fund resources which may include both hands-on and educational executive support, peer-to-peer mentorship/collaboration, and networking opportunities. The Inclusion Fund focuses on investment opportunities that are often overlooked by traditional sources of investment and financing due to economic disadvantage.
One of the biggest challenges is the gap between pre-seed and seed funding for these early-stage technology businesses and the Inclusion Fund seeks to invest in these companies. Ultimately, the companies create jobs in the State and become attractive candidates for follow-on financing or investing. We welcome early-stage technology startups from all industries to apply.
However, to be applicable, a company must meet all the following qualifications: At least one full-time employee The founder, officers, or managers of the Company agree to receive executive support At least 30% ownership of the Company owned by one or more individuals who have demonstrated social and economic disadvantage For at least one year after receiving TEDCO’s investment, will the Company be controlled and managed by one or more individuals who have demonstrated social and economic disadvantage Opportunities are assessed on an ongoing basis.
To ensure fairness, all Social Impact Funds applications must be received online through the application page on TEDCO’s website for further review. Please email investments@tedcomd. com after your submission so we can ensure your application went through correctly.
Please note : Applications that are received through other means, such as email or mail, shall not be considered or reviewed for funding. Before applying, applicants are encouraged to familiarize themselves with the applicable TEDCO investment legislation regulations at: 14. 04.
02 -- Investment Programs 14. 04. 07 -- Investment Committee Maryland's State Small Business Credit Initiative (SSBCI) Program SSBCI Technical Assistance Program
Based on current listing details, eligibility includes: Pre-seed technology startups from all industries that meet TEDCO eligibility criteria, focused on economically underserved founders and communities in Maryland Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to $250,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
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TEDCO Builder Fund is a grant from Maryland Technology Development Corporation that funds pre-seed investment and executive support for Maryland-based technology companies. The program is designed to engage and invest in economically underserved founders and communities, supporting entrepreneurs in building high-impact businesses. Applicants must be Maryland-based small businesses with fewer than 25 employees at the time of initial investment. Awards of up to ,000 are available, and the program includes mentorship, technical assistance, and connections to broader TEDCO resources including SBIR/STTR matching funds and the Maryland Innovation Initiative.
The Maryland Innovation Initiative (MII) is a grant from the Maryland Technology Development Corporation (TEDCO) that funds the commercialization of research conducted at Maryland's top academic institutions. The program is a collaboration between the State of Maryland and five universities—Johns Hopkins University, Morgan State University, University of Maryland Baltimore, UMBC, and University of Maryland College Park—designed to transition promising technologies with significant commercial potential from the lab to market. Eligible applicants include faculty researchers and teams at partner institutions. Awards range from up to $180,000 for technology assessment joint applications, up to $300,000 for company formation, and up to $430,000 for sole applicants. Applications are accepted on a rolling basis.