TEDCO

About TEDCO

TEDCO (Maryland Technology Development Corporation) is Maryland's economic engine for technology companies, focused on leading innovation to market. It provides funding, resources, and connections to support early-stage technology and life sciences companies in thriving within Maryland.

Products & Services

Funding Programs:Includes various initiatives like Cultivate Maryland, Equitech Growth Fund, Maryland Innovation Initiative, Maryland Stem Cell Research Fund, Seed Funds, Social Impact Funds, Venture Funds, and SSBCI to provide financial support to startups and innovators.

Makerspace Program:Supports the growth and development of makerspaces across Maryland through funding and resources, as seen in the 2025 Maryland Makerspace Initiative Program.

Federal Programs:Offers tech transfer and assistance programs like DefTech, SBIR/STTR Proposal Lab, and Federal Labs Leveraging Innovation to Products (FLLIP) Pilot Program to bridge federal technologies to market.

Business Resources:Provides resources, expertise, and connections for commercialization, seed funding, and follow-on investments through programs like BRIDGE, Venture Development, and Intellectual Property Management.

Specialties

Early-stage startup funding Technology transfer Innovation and commercialization Stem cell research funding Makerspace development Venture capital investment Social impact funding

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Venture Capital T: - FT: Venture Capital	A: 50000000 MR: - FA: up to $50 million FAN: 50000000	D: 2025-11-06 FD: 2025-11-06	2 investors
2	RT: Grant T: - FT: Grant	A: 4707142 MR: - FA: $4,707,142 FAN: 4707142	D: 2025-10-02 FD: 2025-10-02	1 investors
3	RT: Grant T: - FT: Grant	A: 785000 MR: - FA: $785,000 FAN: 785000	D: 2025-08-06 FD: 2025-08-06	1 investors
4	RT: Grant T: - FT: Grant	A: 7000000 MR: - FA: nearly $7 million FAN: 7000000	D: 2024-12-11 FD: 2024-12-11	-
5	RT: Grant T: - FT: Grant	A: 5000000 MR: - FA: up to $5M FAN: 5000000	D: 2024-10-16 FD: 2024-10-16	-
6	RT: Investment round T: - FT: Investment round	A: 2100000 MR: - FA: $2.1M FAN: 2100000	D: 2024-08-13 FD: 2024-08-13	1 investors

Venture Capital Latest

2025-11-06

$50.0M

2 investors (Pro only)

Grant 2025-10-02

$4.7M

Grant 2025-08-06

$785K

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

T

Troy A. LeMaile-Stovall

CEO

S

Stephen Auvil

Chief Federal Engagement Officer

T

Terri Collins

Senior Human Resources Specialist (Consultant)

E

Elizabeth Good Mazhari

Investment & Ecosystem Engagement Officer

A

Abi Kulshreshtha, PhD

Executive Director, Maryland Innovation Initiative (MII)

M

Mindy Lehman

Chief Government Program Development, Affairs & Policy Officer

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Recent News

TEDCO Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised