About
The Equitech Growth Fund (EGF), managed by TEDCO, provides grants for infrastructure and workforce development initiatives that support Maryland’s economic competitiveness, foster economic opportunity for all and accelerate growth of emerging and advanced industries in the State. The goal of the EGF is to position Maryland as a leading global and inclusive innovation economy by 2040.
Funding Available
- Infrastructure Awards: Up to $1M
- Project Duration: 12 – 36 months, depending on the project scope and readiness.
- Workforce Awards: Up to $250K
- Project Duration: 12 – 24 months, depending on the project scope and readiness.
Eligibility
- Public
- Nonprofit
- Private entities
- Public-private partnership
- Higher Education institutions
Priority Industry Types
- Entrepreneurship Development
- STEM Education
- Advanced Manufacturing
- Cybersecurity and IT Industry Workforce Development
- Advanced Technology
- Advanced Laboratory Space
*Additional areas of consideration include, but are not limited to:
- Environmental and Energy Technology
- Aerospace and Defense
- Smart Agriculture and Food Technology
- Healthcare, Life Sciences, and Bioinformatics
Impact Goals:
- Foster Economic opportunities for all
- Support’s Maryland innovation economy
- Increase Maryland’s national competitiveness in emerging and advanced technology industries in the State
How to Apply
All applicants are encouraged to read the Request for Applications below.
- Applications Open: May 5, 2025
- Applications Close: August 8, 2025
- Complete applications for each project must be submitted by 5:00pm on Friday, August 8, 2025. Applications submitted after 5:00pm will be rejected without consideration.
Other Resources
Equitech Growth Commission Preliminary Strategic Plan
Additional inquiries must be submitted to equitechgrowth@tedcomd.com, preferably on or before July 25, 2025, at 5:00pm (ET). An updated frequently asked question document will be posted on the landing page on or before August 1st, 2025.
For more information, an informational webinar will be held on June 11, 2025, from 12:00pm – 1:00pm.
Q&A
If you have any questions, please email us at equitechgrowth@tedcomd.com.
Equitech Growth Commission
Members
Kory Bailey, UpSurge
Heather Gramm, Department of Commerce
Gwen Greene, AiTech
Jonathan Horowitz, Washington County Maryland Department of Business Development
Anthony Jenkins, Coppin State University
Richard Kincaid, Office of College and Career Pathways, Maryland State Department of Education (MSDE)
Kevin Kinnally, Maryland Association of Counties
Troy LeMaile-Stovall, TEDCO
Michele Masucci, University System of Maryland
Rachael Parker, Department of Labor
Kendra Parlock, NPower
Saman Qadeer Ahmad, Esq., Qade Law
Tom Sadowski, Maryland Economic Development Corporation (MEDCO)
David White, Tomorrow’s Bio Today
Jermaine Williams, Montgomery College
Rodney Williams, Maryland Technology Council
Christy Wyskiel, Johns Hopkins University