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It’s the second round for the program from TEDCO and Harbor Bank Community Development Corporation.

And though no formal competition was held for the last set of investments, Maryland Technology Development Corp. also announced three new awardees for its Minority Business Pre-Seed Fund.

TEDCO and The Harbor Bank of Maryland Community Development Corp. announced the awards for the three companies from the Minority Business Pre-Seed Fund, each of which will receive up to $40,000.

“George Davis, CEO of TEDCO, said he supports the tax credit and does not think the state should eliminate it.”

TEDCO CEO George Davis said this latest round of investments supports the mission to foster entrepreneurship and innovation across the state and to “build great companies that grow, stay and last in Maryland.”

What does it take to start a cyber venture? The recipe includes networking within the right circles, identifying opportunities, putting together a team to make it happen, and being comfortable with risk.

UMB and Hopkins recently collaborated on two different incubator projects as part of a funding competition presented by the Maryland Technology Development Corp. Both projects will now be brought to life, using the $125,000 they each won in the challenge.

TEDCO (Maryland Technology Development Corp.) has various programs that provide funding for startups including the Maryland Innovation Initiative that provides early stage funding for projects that originate from Johns Hopkins, University of Maryland and Morgan State. For private companies, the

TEDCO is partnering with local investment and advisory firm Evergreen Advisors to grow a program that offers startups temporary access to experienced executives.

TEDCO Portfolio Company Signs Licensing Agreement with Lizard Skins.

During the the Maryland Technology Development Corp.’s recent Entrepreneur Expo, local investors John Cammack and Chris College of TCP Venture Capital joined a few startup founders to discuss what it takes for a young company to land an attractive investment.

After seeing the strength of the six finalist projects and evaluating each of the teams’ proposals, TEDCO board members decided to up their $300,000 offer, and fund every one of them.

New CEO, dot-com veteran George Davis, wants to add new layers to what 20-year-old TEDCO does — adding value beyond the money.

Six finalists will compete Wednesday in the Maryland Technology Development Corporation’s (TEDCO) first ever Incubation Challenge.