Resources

[photo_box align=”left” target=”_blank” title=”Maryland Venture Fund” link=”http://business.maryland.gov/mvf” image=”7199″][/photo_box]

from the State of Maryland

  • A leader in seed and early stage investing with nearly two decades of experience and numerous successful investments.
  • The fund invests in highly innovative technology companies from industry sectors including software, communications, cybersecurity, and life sciences in the areas of healthcare IT, medical devices, and diagnostics.

For more information call (410) 767-6383.

[photo_box align=”left” target=”_blank” title=”Seed Fund” link=”http://tedco.md/program/seed-funding-program/” image=”7198″][/photo_box]

from the Maryland Technology Economic Development Corporation

  • Launched on November 1, 2016, the fund replaced the Maryland Life Science Investment Fund, Technology Commercialization Fund, and Cybersecurity Investment Fund.
  • Support Maryland companies in their effort to develop and commercialize new technology-based products.
  • To be eligible, companies must be based in Maryland and generally have less than 20 employees, 5 years in existence, and $1 million in qualified financing.
  • Companies must be developing an innovative, technology-based product that addresses a critical need in a growing market.
  • There is strong potential for the company to grow and have an economic impact on Maryland.

For more information contact Bill Collier at (410) 715-4170 or bcollier@tedco.md

[photo_box align=”left” target=”_blank” title=”Builder Fund” link=”http://tedco.md/program/minority-business-pre-seed-fund-mbpf/” image=”7197″][/photo_box]

from the Maryland Technology Economic Development Corporation

  • Addresses the needs of minority entrepreneurs in Maryland, who often lack access to the earliest stage of start-up capital known as the Friends and Family round.
  • The fund will make investments up to $50,000 to help minority entrepreneurs take a technology -based idea or concept that represents a viable business opportunity and develop it into a product that can be tested with potential users.
  • Investments are made in the form of a five-year, convertible note to the company.

For more information contact Mac Conwell at (410) 715-4180 or mconwell@tedco.md

[photo_box align=”left” target=”_blank” title=”Dingman Center Angels” link=”http://www.rhsmith.umd.edu/centers-excellence/dingman-center-entrepreneurship/initiatives-programs/dingman-center-angels” image=”7201″][/photo_box]
  • Maryland-based angel investment group that provides funding to technology-driven companies in the Mid-Atlantic region addressing significant market opportunity.
  • Investments range from $100,000 to $1,000,000 and the group will often syndicate with other angel groups and VC’s for deals up to $2,000,000.
[photo_box align=”left” target=”_blank” title=”Maryland Industrial Partnerships Program” link=”http://www.mips.umd.edu/” image=”7201″][/photo_box]

from the Maryland Technology Enterprise Institute

  • Provides funding for university-based research projects that help companies develop new technology products.

For more information call (301) 405-3891

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[photo_box align=”left” target=”_blank” title=”Chesapeake Bay Seed Capital Fund” link=”http://www.mtech.umd.edu/funding/cbsc/” image=”7197″][/photo_box]

from the Maryland Technology Enterprise Institute

  • Invests $250,000 annually into startup companies with innovative technologies that may help improve air and water quality in the Chesapeake Bay area.

For more information call (301) 314-9770 or email adawood@umd.edu.

[photo_box align=”left” target=”_blank” title=”Prince George’s County Covid 19 Relief Fund” link=”https://staging.bowiebic.com/wp-content/uploads/2020/04/Bowie-BIC-Covid-19-Workshop-10April2020-v09.pdf” image=”7197″][/photo_box]
  • The Prince George’s County COVID19 Business Impact Fund is to provide assistance to businesses so that they may retain their pre-pandemic workforce and sustain operations through social distancing.
  • Use of funds: To support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs
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Other Resources

[photo_box align=”left” target=”_blank” title=”Regional Venture Capital Firms” link=”http://rockvilleredi.org/wp-content/uploads/2015/09/Regional-Venture-Capital-Firms.pdf” image=”7201″][/photo_box]
[photo_box align=”left” target=”_blank” title=”Gust” link=”https://gust.com/” image=”7197″][/photo_box]
  • Funding platform providing entrepreneurs the tools to manage the startup process from pitch to exit.
[photo_box align=”left” target=”_blank” title=”Mid-Atlantic Venture Association” link=”http://www.mava.org/” image=”7196″][/photo_box]