News Archive

HopFlyt, a Maryland startup designing electric vertical takeoff and landing, or eVTOL, aircraft, has raised $1.5 million in Series A funding. So far, the six-year-old startup has raised $1.8 million, including pre-seed funding from Maryland Technology Development Corporation (TEDCO), according to

TEDCO, Maryland’s economic engine for technology companies, released a new episode of its virtual thought leadership series, TEDCO Talks with special guest, Washington College President Michael Sosulski.

TEDCO, Maryland’s economic engine for technology companies, announced a recent $250,000 investment in NasaClip, a woman- and minority-led startup which created a new device to assist in a painless, hands-free method for stopping nosebleeds

Big Tech influences almost every aspect of modern life, and local tech ecosystems are no exception. It’s not surprising, then, that communities’ Ecosystem Builder supporters — like universities, law firms, accelerator programs, economic development groups, coding bootcamps and corporate entities —

According to the Centers for Disease Control and Prevention (CDC), three million older people are treated in emergency departments for fall injuries each year. One of the risk factors that contribute to these injuries is foot drop, which is the inability to raise the foot during daily activities

Astek Diagnostics is a clinical-stage local company founded by Mustafa Al-Adhami, PhD with help from TEDCO, a Maryland based venture capital leader, to provide an effective therapeutic response to urinary tract infections. The founder’s grandfather became sick with a UTI, it took doctors four days

Learn more about TEDCO's Silvia Goncalves, Assistant Manager of the Maryland Innovation Initiative (MII)

While many organizations are increasingly comfortable talking about diversity, equity and inclusion (DEI), the proof of commitment is in the actions taken to ensure DEI permeates both the organization and its external stakeholder work. Here, at the Maryland Technology Development Corporation (TEDCO)

TEDCO, Maryland’s economic engine for technology companies, announced a recent State Small Business Credit Initiative (SSBCI) investment of $150,000 into JuneBrain Inc., an organization focused on creating new ways for physicians to remotely monitor their patients.

With both the expansion and a new partnership with TEDCO, state leadership hopes DefTech can reach entrepreneurs statewide.

On February 8, representatives from TEDCO, The Henry M. Jackson Foundation for the Advancement of Military Medicine (HJF), and the local community at large came together to witness and celebrate the signing of the Memorandum of Understanding (MOU) by Maryland Innovation Initiative (MII) Executive

As a young physician, Dr. Elizabeth Clayborne saw a need for a better way to stop nosebleeds, a common condition she saw at the hospital where she worked, especially among children. She developed a bandage-like device for your nose and secured patents for her invention, called “NasaClip.” Then, in

The study recommends funding an Equitech Growth Fund and the establishment of an innovation-focused commission

Morgan State University (Morgan State) is one of five institutions collaborating with TEDCO as part of the Maryland Innovation Initiative (MII) – a technology transfer program established in 2012 to grow and accelerate promising technologies through venture creation.

Employment and labor law compliance technology company VirgilHR announced the closing of $1.5M in pre-seed funding with backing from Squadra Ventures, Techstars, SHRMLabs, and TEDCO.