COLUMBIA, MD – The Maryland Technology Development Corp. (TEDCO) has been recognized by Entrepreneur magazine as the most active early-stage investor in the nation in 2007.
For the fifth consecutive year, TEDCO ranked first on the “VC 100” list, making the list for providing the highest number of seed/early-stage deals – 19 – in 2007.
This is the fifth consecutive year that TEDCO has been recognized as the country’s most active investor in seed or early-stage companies.
The Entrepreneur survey is part of the magazine’s report derived from the “MoneyTree Report” conducted by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.
To date, 108 companies have received funding from TEDCO’s Maryland Technology Transfer Fund (MTTF) and completed their projects.
With a TEDCO investment of $6,278,344, these companies have gone on to receive downstream funding from angel and venture investors, federal awards and other resources exceeding $199.5 million. This is a leverage of the state’s investment through TEDCO of more than $31.79 to $1.
Other funding programs offered by TEDCO include:
· Base Realignment and Closure (BRAC) Technology Transfer Initiative
Fort Detrick Technology Transfer Initiative
Johnson & Johnson Investment Fund
Maryland Minority Research and Development Initiative
Maryland Research and Applied Sciences Consortium
Rural Business Initiative
University Technology Development Fund
Working Capital Loan Fund
- Maryland’s TEDCO wins national tech economic development award
- Maryland’s TEDCO invests in 9 startups
- Maryland’s TEDCO awards $350K plus to researchers
- Maryland Tech Development Corp. top early-stage investor
- Maryland’s TEDCO invests $225,000 in two companies
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