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TEDCO Programs for Technology Transfer and Economic Development

TEDCO Programs for Technology Transfer and Economic Development. TEDCO’s Technology Transfer Mission. Build the technology-based economy in Maryland Outreach Project development Assist companies and laboratories to achieve their mutual objectives. Technology Transfer Projects.

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TEDCO Programs for Technology Transfer and Economic Development

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  1. TEDCO Programs for Technology Transfer and Economic Development

  2. TEDCO’s Technology Transfer Mission • Build the technology-based economy in Maryland • Outreach • Project development • Assist companies and laboratories to achieve their mutual objectives

  3. Technology Transfer Projects • Focused collaboration • technology development • public lab and a private company • TEDCO program initiatives defray a portion of the development costs • Allow company and its technology to mature and find continuation funding

  4. Basic Research $ $ $ $ Public Laboratory Company Product/ Service Development Project Proof of Concept Feasibility Testing Product Design SBIR Angel Investors Venture Capital Public Funding Project Capital Funds Funding Opportunities Outside Maryland

  5. Basic Research $ $ $ $ $ $ Public Laboratory Company Product/ Service Development Project Proof of Concept Feasibility Testing Product Design TechStart University Technology Development Fund Maryland Technology Transfer Fund ATTI /NTCI/FDTTI Maryland Industrial Partnerships DBED Challenge SBIR WCLF Angels Venture Capital DBED Enterprise MDBio Public Funding Project Capital Funds Techbridge

  6. Basic Research $ $ $ $ $ $ Public Laboratory Company Product/ Service Development Project Proof of Concept Feasibility Testing Product Design $15K $50K $75K + $75K $50K $90K + $90K $150K SBIR $50K Angels Venture Capital $500K $200K Public Funding Project Capital Funds Techbridge

  7. Basic Research $ $ $ $ $ $ Public Laboratory Company Product/ Service Development Project Proof of Concept Feasibility Testing Product Design Bottom Line: over $1M of funding available for start-ups $15K $50K $75K + $75K $50K $90K + $90K $150K SBIR $50K Angels Venture Capital $500K $200K Public Funding Project Capital Funds Techbridge

  8. MTTF Success Criteria • Achieving technical/budget/schedule milestones • Finding continuation funding • 78 companies with completed MTTF projects (8/24/07) • $4,578,380 in TEDCO support • $162,824,981 in continuation funding • >35.5:1 leverage • Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

  9. Benefits of TEDCO Funding • Access to business and technical assistance • Access to Venture Capital, angels, and strategic partners (e.g. Johnson & Johnson) • Publicity through TEDCO press releases • Recognition and reputation of state programs • Workshops for TEDCO funded companies only • Meet one on one with experts • Network with other companies

  10. Entrepreneurial Assistance • Achieving The Commercialization of Technology in Ventures Through Applied Training for Entrepreneurs (ACTiVATE) • The Maryland Minority R&D Initiative (MMRDI) • The Maryland Rural Business Innovation Initiative (RBI) • The New Markets Growth Fund (NMGF)

  11. For further information contact Ronald Kaese 5565 Sterrett Place, Suite 214 Columbia, MD 21044 www.marylandtedco.org rkaese@marylandtedco.org (410)715-4170

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