Maryland-based medical device company receives investment from Pre-Seed Builder Fund
COLUMBIA, Md., (January 21, 2025) — TEDCO, Maryland’s economic engine for technology companies, announced a $200,000 Pre-Seed Builder Fund investment in NanoBioFAB. The Pre-Seed Builder Fund invests in and provides executive support to Maryland-based technology companies run by entrepreneurs who demonstrate economic disadvantage.
“We are thankful that TEDCO has been with us throughout our journey,” said Xiaonao Liu, Ph.D., CEO of NanoBioFAB. “The programs, resources and guidance offered through TEDCO have made an enormous impact on our journey towards success. I urge any entrepreneur in Maryland to reach out to TEDCO and learn more about how they can help your business grow.”
NanoBioFAB, based in Frederick, Md., is a woman-owned medical device manufacturer specializing in AI-powered smart nanosensors for pathogen detection and wound management. The company’s technology seeks to address critical healthcare challenges through real-time monitoring and early infection detection. Leveraging its patented high throughput nanosensor R&D and manufacturing technology, NanoBioFAB develops sensors to detect trace amounts of gases released from pathogens, while also monitoring key parameters such as pressure, temperature, and humidity. The company’s mission is to enhance health management and revolutionize wound care with its AI-driven nanosensors.
“TEDCO is committed to elevating innovative, high quality, investment grade Maryland technology companies created by socially and economically disadvantaged founders,” said Jean-Luc Park, senior director of Social Impact Funds. “Through our Social Impact Funds, entrepreneurs are offered more than just funding– the program provides an optimized path for follow-on funding with opportunities for further engagement with TEDCO.”
NanoBioFAB has actively participated in several TEDCO programs and opportunities over the last few years. Those include Network Advisors, Loaned Executive program, the Pre-Seed Builder Fund, the SBIR/STTR Proposal Lab, the Rural Business Innovation Initiative (RBII) grant and pre-seed funding, and the Rural and Underserved Business Recovery from Impact of COVID-19 (RUBRIC) Program.
“As a top state for emerging venture capital investments, Maryland is the place to grow a business, especially if that business is technology or life sciences based,” said Troy LeMaile-Stovall, TEDCO CEO.
TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. For entrepreneurs interested in applying for TEDCO funding opportunities, visit https://www.tedcomd.com/funding.