About
Concept Capital is TEDCO's initiative to bridge the early-stage funding gap for underrepresented entrepreneurs across Maryland. The program was created to provide flexible funding and specialized support to founders, thereby ensuring they are prepared for future venture opportunities.
With a focus on socially and economically disadvantaged and rural-based founders, Concept Capital offers convertible notes ranging from $25,000 to $50,000. These funds come with founder-friendly terms (e.g. zero interest and negotiable valuation caps).
How It Works
Funding Types:
Convertible Notes:
- $25k–$50k
- Zero Interest
- Zero Discount
- Negotiable Valuation Cap
Eligibility
To qualify, applicants must meet the following requirements:
- Maryland-based business (principal office in Maryland with 51%+ workforce in-state)
- Technology-driven business (non-retail focus)
- Founded within the last 7 years
- Founder or business located in a rural or disadvantaged community, or a socially and economically disadvantaged individual (SEDI), including minority, disabled, or female founders.
Support Services:
- Beyond funding, eligible founders may access:
- One-on-one mentoring and advisory services
- Advanced software for performance tracking and investment-readiness
- Tailored guidance to achieve critical venture milestones
How To Apply
Applications will close June 30, 2025 with awards made on a rolling basis.