2. Navigating TEDCO
FUNDING ENTRP. SUPPORT COMMUNITY
• University
• Start-ups
• Growth
• Portfolio
• General
• Events
• Activity
3. Proof of Concept Product DesignBasic Research
University Corporation
Prod. Launch
Stem Cell Research Fund
MD Innovation Initiative
Tech Validation
Cybersecurity Investment Fund
TEDCO’s Primary Funding Programs
Tech Commercialization Fund
Life Science Investment Fund
MD Venture Fund
4. Maryland Stem Cell Research Fund
Purpose:
Advance stem cell research and
treatments in Maryland
Who:
Stem cell researchers in academia
and industry
What:
4 separate funding programs
When:
Annually – Nov. (Letter of
Intent)/Jan. (App)
Program Contact:
Dan Gincel
dgincel@tedco.md
5. Investigator-Initiated Grants
Established researchers
Preliminary data
Up to $200K/year in direct costs
(for up to 3 years)
Exploratory Research Grants
New hypotheses, approaches,
mechanisms, or models
Little or no preliminary data required
Opportunity to initiate/advance careers
Up to $100K/year (for up to 2 years)
Maryland Stem Cell Research Fund
6. Post-doctoral Fellowship Grants
To recruit and train the best and brightest
Grow Maryland's stem cell research
community
Up to $55K/year for research and salary
(Max 2 yrs.)
Pre-Clinical & Clinical Research Grants
For biotech companies
Research in Maryland
Pre-Clinical human stem cell research - $500K
Clinical human stem cell research - $750K
Maryland Stem Cell Research Fund
7. Maryland Innovation Initiative
Purpose:
Accelerating the growth of university-
based start-up companies
Who:
‘Qualified Universities’ & their ‘Start-
up’ companies
What:
Two phases of funding up to $250K per
project
When:
1st of every other month
Program Contact:
Jennifer Hammaker
jhammaker@tedco.md
8. Technology Validation Program
Purpose:
Commercialization of university
technologies
Who:
Non-MII Universities, their ‘Start-
up’ companies, Fed. Lab start-ups
What:
Two phases of funding up to $50K
per project
When:
1st of every month
Program Contact:
Arti Santhanam
asanthanam@tedco.md
9. Technology Commercialization Fund
Purpose:
Fund product development to position
a company for follow-on investment
Who:
Early-stage companies in MD meeting
eligibility requirements
What:
$100K Investment for up to 12-month
projects - $125K Follow-on Investment
When:
1st of every month
Program Contact:
Henry Ahn
hahn@tedco.md
10. Cybersecurity Investment Fund
Purpose:
Fund product development to position
a cybersecurity company for follow-on
investment
Who:
Early-stage “Cybersecurity” companies
What:
$100K Investment for up to 12 months
- $125K Follow-on Investment
When:
1st of every month
Program Contact:
Henry Ahn
hahn@tedco.md
13. Life Sciences Investment Fund
Purpose:
Support the development of
products requiring FDA approval
Who:
Companies developing products
directed to human health
What:
Investments of up to $200K
When:
Bi-annually – April 15th and
October 14th 2016
Program Contact:
Arti Santhanam
asanthanam@tedco.md
14. Convertible Note Purchase Agreement
8% simple interest
May convert to equity or another
form of investment after the
company raises $500K or more
(TEDCO’s option)
No discount or cap provision
Reporting requirements until the
obligation is fulfilled
TCF/CIF/LSIF Convertible Note Terms
15. Maryland Venture Fund
Purpose:
Early-stage, evergreen venture capital
fund with over $100M in assets
Who:
Outstanding entrepreneurs with a
track record of success seeking smart,
early-stage money (industry agnostic)
What:
Investments of $50K - $2.5M
When:
Any time
Fund Contact:
Andy Jones
ajones@tedco.md
• Frank Dickson
• Alastair Mackay
• Seth Shuldiner
• Moss Amer
The Team:
16. Proof of Concept Product DesignBasic Research
Research Laboratory Corporation
Prod. Launch
Other Maryland Funding Programs
MD Industrial Partnership $100K
VLT Fund $250K
18. For CEOs: Access to
experienced entrepreneurs
as mentors or management
For MERL Members:
Opportunity to get involved
with a new start-up or give
back to the community
MD Entrepreneur Resource List
Program Contact:
Linda Saffer
lsaffer@tedco.md
20. Purpose:
Help medical device companies
achieve 510(k) clearance
Who:
Early stage medical device
companies
What:
TEDCO provides experienced
medical device executive
When:
Any time
Program Contact:
Neil Davis
ndavis@tedco.md
mdPACE Program
21. N-STEP Program
• NIST Post-doc commercialization
program & start-up funding
NAVAIR Technology Transfer
Initiative (NTTI)
• Commercialization of naval aviation
technology
Federal Laboratory Access
Federal Initiatives
Contact:
Ron Kaese
rkaese@tedco.md
22. Build a technology-based,
entrepreneurial community in the
rural areas of Maryland
• Business Assistance
• Technology Assistance
• Small target project funding
Eligibility
• Less than 16 employees and less than
$1M revenues
• Developing/using new technology
Rural Business Innovation Initiative
23. Rural Business Innovation Initiative
RBI Lead
Lee Kirwin
410.430.0770
lkirwan@tedco.md
Upper Eastern Shore Rep.
Lois Haggerty
443.365.3751
lhaggerty@tedco.md
Lower Eastern Shore Rep.
Barry Frey
410.202.8867
bfrey@tedco.md
South Central Maryland Rep.
Angela Singleton
410.941.9111
asingleton@tedco.md
Western Maryland Rep.
Chuck Ernst
301.491.7034
cernst@tedco.md