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. 

APPLY HERE