TEDCO has dedicated resources and efforts to create a culture of belonging, while embracing and leveraging those differences both within the organization and with the many businesses we mentor, fund, and support.
TEDCO’s strategy impacts all aspects of our organization and our stakeholders, including administration, talent management, TEDCO Programs, and TEDCO Funds. We are tracking our efforts across the board. This includes ensuring our marketing messages reach all communities and that we actively seek service providers who reflect the vibrant and skilled Maryland community. Likewise, TEDCO’s greatest impact on can be delivered through ensuring our TEDCO Programs and Funds are assisting a broad array of entrepreneurs and building out a network of like-minded co-investors.
At TEDCO, we routinely look outside our organization to find ways to multiply our impact on the ecosystem. We believe we can accomplish more by working with others than by tackling big goals by ourselves. As an example, TEDCO jumped at the chance to work with the Maryland Technology Council to develop its Technology Inclusivity Initiative, maximizing the collective impact and creating continued economic growth in Maryland.
One of our near-term goals is to accelerate our support and investment focus in all entrepreneurial communities. To do this, we have created new and enhanced Social Impact Funds and added the Urban Business Innovation Initiative (UBII). These programs and funds, which include the Builder Fund and newly legislated Inclusion Fund, were purposely designed to ensure an early source of support and capital to all talented tech startup founders.
Representation Clause
TEDCO has committed to including the TEDCO Representation Clause into all the deals that it leads, with the goal of increasing opportunities and access to wealth for all communities via Cap Table representation.
TEDCO's Representation Clause
The Company and the lead investor, TEDCO, consistent with any applicable securities law, will use commercial best efforts to identify potential co-investors with the goal of fostering an inclusive investor-base in Maryland. The Company, consistent with applicable securities law, will use commercial best efforts to offer investment opportunities (in this equity/convertible debt round and any conversion therefore) to those potential co-investors.
TEDCO Registration
Pursuant to the Economic Development Article of the Maryland Code, TEDCO is required to foster equal access entrepreneurship and innovation throughout Maryland. Accordingly, data retrieved through the TEDCO Registration process will be used, in aggregate, to better understand the communities that are accessing TEDCO’s resources/funding and to aid in planning and prioritizing TEDCO’s new programs or program modifications to better serve our stakeholders. This data will further be used to evaluate TEDCO’s programs and policies to ensure that they fairly serve the needs of all groups and are in compliance with the requisite anti-discrimination laws, regulations, and policies.
State of Maryland Disparity Study
The State of Maryland has retained MGT Consulting Group to conduct a disparity study to determine whether there is discrimination in the markets where the State does business – both public and private sectors. Your feedback is important to addressing whether discrimination affects contracting and other activities for minority and women-owned businesses in the Maryland Marketplace.
The questionnaire should be completed by the company's owner, CEO, president, vice president, or other decision-making authority with in-depth knowledge of the company.
Your responses to this questionnaire will be aggregated with all other businesses who respond and used for the purpose of the disparity study. Individual information is kept confidential to the extent permitted by law.
If you have any questions or would like more information about the disparity study, visit www.stateofMDdisparitystudy.com or contact Vernetta Mitchell at stateofmddisparitystudy@mtgconsulting.com or call (813) 321-1400 ext. 2131.
Related Information
TEDCO is Committed to DEI at Every Step in the Entrepreneur’s Journey
TEDCO Announces Elizabeth Good Mazhari as DEI Advisor
New Initiatives Reflect TEDCO’s Commitment to DEI
FY23 DEI Investment Data: Applications and Investments
Read Elizabeth Good Mazhari's blog on TEDCO's core value of accountability and DEI:
DEI advisor shares how TEDCO’s core values focus on accountability