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TEDCO Seed Funding for Technology Development

TEDCO Seed Funding for Technology Development. TEDCO BioInformatics ~ March 4, 2009 Ronald W. Kaese. Technology Transfer Mission. Technology-based economy in Maryland Outreach Project development Companies & labs achieve mutual objectives. Technology Transfer Projects.

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TEDCO Seed Funding for Technology Development

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  1. TEDCO Seed Funding for Technology Development TEDCO BioInformatics ~ March 4, 2009 Ronald W. Kaese

  2. Technology Transfer Mission • Technology-based economy in Maryland • Outreach • Project development • Companies & labs achieve mutual objectives

  3. Technology Transfer Projects • Focused collaboration • technology development • public lab & private company • TEDCO defray a portion of the costs • Company and its technology mature • Find continuation funding

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

  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 J&J MIPS and DBED Challenge WCLF Angels Venture Capital DBED Enterprise SBIRMDBio $ Public Funding Project Capital Funds Techbridge Rural Business Initiative Maryland Stem Cell Research Fund

  6. Basic Research $ $ $ $ $ $ Public Laboratory Company Product/ Service Development Project Proof of Concept Feasibility Testing Product Design $15K $50K $75K $50K $150K $90K & $150K SBIR $50K Angels Venture Capital $500K MDBio $ Public Funding Project Capital Funds Techbridge $10K $110K / $230K / $1.5M

  7. Maryland Technology Transfer Fund (MTTF) • Facilitate tech transfer between MarylandUniversities or Federal Labs and Maryland Companies • Maximum award amount is $75,000

  8. MTTF Success Criteria • Achieve technical/budget/schedule milestones • Finding continuation funding • 119 companies completed MTTF projects (1/1/09) • >$38:1 leverage • Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

  9. MTTF Eligibility • Recipient must be Maryland business • Principle Place of Employment = Maryland • Fewer than 16 employees OR • University/fed lab spin-out less than 5 years prior to proposal • Recipient must be early stage • No revenue OR • No venture investment

  10. Johnson & Johnson Joint Investment Program • Transformational medical technology • Interests of J&J • Maximum award is $150,000 • MTTF process

  11. 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

  12. Thanks www.maryandtedco.org

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