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TEDCO Funding Briefing August 2016

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TEDCO
TEDCO

This document summarizes several funding programs from the Maryland Technology Development Corporation (TEDCO). It outlines programs that provide funding for university research commercialization, stem cell research, cybersecurity, and life sciences. Eligibility requirements are described for some programs. Contact information is provided for program managers who can provide more details on application processes and requirements.

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Overview of Programs www.tedco.md
Navigating TEDCO FUNDING ENTREPRENEUR SUPPORT COMMUNITY University Start-ups Growth Portfolio General Events Activity
Proof of Concept Product DesignBasic Research University Corporation Prod. Launch Stem Cell Research Fund MD Innovation Initiative Tech Validation Cybersecurity Investment Fund TEDCOs Primary Funding Programs Tech Commercialization Fund Life Science Investment Fund MD Venture Fund
Maryland Stem Cell Research Fund Purpose: Advance stem cell research and treatments in Maryland Who: Stem cell researchers in academia, entrepreneurs, and industry What: 4 separate funding programs When: Annually Program Contact: Dan Gincel dgincel@tedco.md
Maryland Stem Cell Research Fund Discovery Validation Commercialization Clinical Basic & translational scientists Translational scientists & start-up business people Start-up business people & investors Start-up business people, investors, & clinicians
Maryland Innovation Initiative Purpose: Accelerating the growth of university- based start-up companies Who: Qualified Universities & their Start- up companies What: Two phases of funding up to $265K per project When: 1st of every other month Program Contact: Jennifer Hammaker jhammaker@tedco.md
Technology Validation Program Purpose: Commercialization of university technologies Who: Non-MII Universities, their Start- up companies, Fed. Lab start-ups What: Two phases of funding up to $50K per project When: 1st of every month Program Contact: Arti Santhanam asanthanam@tedco.md
Technology Commercialization Fund Purpose: Fund product development to position a company for follow-on investment Who: Early-stage companies in MD meeting eligibility requirements What: $100K Investment for up to 12 months When: 1st of every month Contact: Ron Kaese rkaese@tedco.md
Cybersecurity Investment Fund Purpose: Fund product development to position a cybersecurity company for follow-on investment Who: Early-stage Cybersecurity companies What: $100K Investment for up to 12 months When: 1st of every month Contact: Ron Kaese rkaese@tedco.md
TCF/CIF Eligibility Requirements Eligibility Requirements: For-profit with less than 16 FTE employees AND Pre-revenue OR Pre-institutional Investment (< $500K)
Technology Commercialization Fund Review ProcessApplication Submission Approve/ Reject Compliance Review Initial Review Final Review 10 minute pitch 20 minutes questions 3rd Wed. 2nd Month Proposal review Eligibility RFA compliance
Life Sciences Investment Fund Purpose: Support the development of products requiring FDA approval Who: Companies developing products directed to human health What: Investments of up to $200K When: Bi-annually October 14th 2016 and April 14th 2017 Program Contact: Arti Santhanam asanthanam@tedco.md
Convertible Note Purchase Agreement 8% simple interest May convert to equity or another form of investment after the company raises $500K or more (TEDCOs option) No discount or cap provision Reporting requirements until the obligation is fulfilled TCF/CIF/LSIF Convertible Note Terms
Maryland Venture Fund Purpose: Early-stage, evergreen venture capital fund with over $100M in assets Who: Outstanding entrepreneurs with a track record of success seeking smart, early-stage money (industry agnostic) What: Investments of $500K - $2M When: Any time Fund Contact: Andy Jones ajones@tedco.md Frank Dickson Seth Shuldiner Moss Amer Arti Santhanam Phil Jung The Team:
Proof of Concept Product DesignBasic Research Research Laboratory Corporation Prod. Launch Other Maryland Funding Programs MD Industrial Partnership $100K VLT Fund $250Khttp://commerce.maryland.gov/fund/programs-for-businesses/vlt http://www.mips.umd.edu/
Entrepreneur Support Loaned Executives Executive Coaching CEO Roundtables Portfolio Workshops MERL Members & RBI族 Reps TEDCO StaffLess competitive More competitive
For CEOs: Access to experienced entrepreneurs as mentors or management For MERL Members: Opportunity to get involved with a new start-up or give back to the community MD Entrepreneur Resource List Program Contact: Linda Saffer lsaffer@tedco.md
Purpose: Support TEDCOs portfolio companies/entrepreneurs Who: Primarily, TEDCO portfolio companies What: 5 support programs When: Varies by program Program Contact: Neil Davis ndavis@tedco.md Entrepreneur Support
Purpose: Help medical device companies achieve 510(k) clearance Who: Early stage medical device companies What: TEDCO provides experienced medical device executive When: Any time Program Contact: Neil Davis ndavis@tedco.md mdPACE Program
Purpose: Assist entrepreneurs develop better market assessments Who: Entrepreneurs and companies affiliated with TEDCO What: Access to databases and business expertise When: Advisors by appointment Market Search Advisory Services Program Contact: Stephen Auvil sauvil@tedco.md
N-STEP Program NIST Post-doc commercialization program & start-up funding NAVAIR Technology Transfer Initiative (NTTI) Commercialization of naval aviation technology Federal Laboratory Access Federal Initiatives Contact: Ron Kaese rkaese@tedco.md
Build a technology-based, entrepreneurial community in the rural areas of Maryland Business Assistance Technology Assistance Small target project funding Eligibility Less than 16 employees and less than $1M revenues Developing/using new technology Rural Business Innovation Initiative
Rural Business Innovation Initiative RBI Lead Lee Kirwin 410.430.0770 lkirwan@tedco.md Upper Eastern Shore Rep. Lois Haggerty 443.365.3751 lhaggerty@tedco.md Lower Eastern Shore Rep. Barry Frey 410.202.8867 bfrey@tedco.md South Central Maryland Rep. Angela Singleton 410.941.9111 asingleton@tedco.md Western Maryland Rep. Chuck Ernst 301.491.7034 cernst@tedco.md
Community Entrepreneur Expo November 14, 2016 Baltimore Hilton
Where do I get more information? W W W . T E D C O . M D
Where do I get more information? Request for Application Funding Document Application Link Program Manager Checklist
Or . . . Just Ask!!! Questions?

More Related Content

TEDCO Funding Briefing August 2016

  • 2. Navigating TEDCO FUNDING ENTREPRENEUR SUPPORT COMMUNITY University Start-ups Growth Portfolio General Events Activity
  • 3. Proof of Concept Product DesignBasic Research University Corporation Prod. Launch Stem Cell Research Fund MD Innovation Initiative Tech Validation Cybersecurity Investment Fund TEDCOs Primary Funding Programs Tech Commercialization Fund Life Science Investment Fund MD Venture Fund
  • 4. Maryland Stem Cell Research Fund Purpose: Advance stem cell research and treatments in Maryland Who: Stem cell researchers in academia, entrepreneurs, and industry What: 4 separate funding programs When: Annually Program Contact: Dan Gincel dgincel@tedco.md
  • 5. Maryland Stem Cell Research Fund Discovery Validation Commercialization Clinical Basic & translational scientists Translational scientists & start-up business people Start-up business people & investors Start-up business people, investors, & clinicians
  • 6. Maryland Innovation Initiative Purpose: Accelerating the growth of university- based start-up companies Who: Qualified Universities & their Start- up companies What: Two phases of funding up to $265K per project When: 1st of every other month Program Contact: Jennifer Hammaker jhammaker@tedco.md
  • 7. Technology Validation Program Purpose: Commercialization of university technologies Who: Non-MII Universities, their Start- up companies, Fed. Lab start-ups What: Two phases of funding up to $50K per project When: 1st of every month Program Contact: Arti Santhanam asanthanam@tedco.md
  • 8. Technology Commercialization Fund Purpose: Fund product development to position a company for follow-on investment Who: Early-stage companies in MD meeting eligibility requirements What: $100K Investment for up to 12 months When: 1st of every month Contact: Ron Kaese rkaese@tedco.md
  • 9. Cybersecurity Investment Fund Purpose: Fund product development to position a cybersecurity company for follow-on investment Who: Early-stage Cybersecurity companies What: $100K Investment for up to 12 months When: 1st of every month Contact: Ron Kaese rkaese@tedco.md
  • 10. TCF/CIF Eligibility Requirements Eligibility Requirements: For-profit with less than 16 FTE employees AND Pre-revenue OR Pre-institutional Investment (< $500K)
  • 11. Technology Commercialization Fund Review ProcessApplication Submission Approve/ Reject Compliance Review Initial Review Final Review 10 minute pitch 20 minutes questions 3rd Wed. 2nd Month Proposal review Eligibility RFA compliance
  • 12. Life Sciences Investment Fund Purpose: Support the development of products requiring FDA approval Who: Companies developing products directed to human health What: Investments of up to $200K When: Bi-annually October 14th 2016 and April 14th 2017 Program Contact: Arti Santhanam asanthanam@tedco.md
  • 13. Convertible Note Purchase Agreement 8% simple interest May convert to equity or another form of investment after the company raises $500K or more (TEDCOs option) No discount or cap provision Reporting requirements until the obligation is fulfilled TCF/CIF/LSIF Convertible Note Terms
  • 14. Maryland Venture Fund Purpose: Early-stage, evergreen venture capital fund with over $100M in assets Who: Outstanding entrepreneurs with a track record of success seeking smart, early-stage money (industry agnostic) What: Investments of $500K - $2M When: Any time Fund Contact: Andy Jones ajones@tedco.md Frank Dickson Seth Shuldiner Moss Amer Arti Santhanam Phil Jung The Team:
  • 15. Proof of Concept Product DesignBasic Research Research Laboratory Corporation Prod. Launch Other Maryland Funding Programs MD Industrial Partnership $100K VLT Fund $250Khttp://commerce.maryland.gov/fund/programs-for-businesses/vlt http://www.mips.umd.edu/
  • 16. Entrepreneur Support Loaned Executives Executive Coaching CEO Roundtables Portfolio Workshops MERL Members & RBI族 Reps TEDCO StaffLess competitive More competitive
  • 17. For CEOs: Access to experienced entrepreneurs as mentors or management For MERL Members: Opportunity to get involved with a new start-up or give back to the community MD Entrepreneur Resource List Program Contact: Linda Saffer lsaffer@tedco.md
  • 18. Purpose: Support TEDCOs portfolio companies/entrepreneurs Who: Primarily, TEDCO portfolio companies What: 5 support programs When: Varies by program Program Contact: Neil Davis ndavis@tedco.md Entrepreneur Support
  • 19. Purpose: Help medical device companies achieve 510(k) clearance Who: Early stage medical device companies What: TEDCO provides experienced medical device executive When: Any time Program Contact: Neil Davis ndavis@tedco.md mdPACE Program
  • 20. Purpose: Assist entrepreneurs develop better market assessments Who: Entrepreneurs and companies affiliated with TEDCO What: Access to databases and business expertise When: Advisors by appointment Market Search Advisory Services Program Contact: Stephen Auvil sauvil@tedco.md
  • 21. N-STEP Program NIST Post-doc commercialization program & start-up funding NAVAIR Technology Transfer Initiative (NTTI) Commercialization of naval aviation technology Federal Laboratory Access Federal Initiatives Contact: Ron Kaese rkaese@tedco.md
  • 22. Build a technology-based, entrepreneurial community in the rural areas of Maryland Business Assistance Technology Assistance Small target project funding Eligibility Less than 16 employees and less than $1M revenues Developing/using new technology Rural Business Innovation Initiative
  • 23. Rural Business Innovation Initiative RBI Lead Lee Kirwin 410.430.0770 lkirwan@tedco.md Upper Eastern Shore Rep. Lois Haggerty 443.365.3751 lhaggerty@tedco.md Lower Eastern Shore Rep. Barry Frey 410.202.8867 bfrey@tedco.md South Central Maryland Rep. Angela Singleton 410.941.9111 asingleton@tedco.md Western Maryland Rep. Chuck Ernst 301.491.7034 cernst@tedco.md
  • 25. Where do I get more information? W W W . T E D C O . M D
  • 26. Where do I get more information? Request for Application Funding Document Application Link Program Manager Checklist
  • 27. Or . . . Just Ask!!! Questions?

Editor's Notes

  • #4: Animated, starting with MII, Tech Validation, TCF, CIF, TCP, MSCRF.
  • #23: Business assistance (examples) business model market strategy and competitive analysis financial analysis / funding opportunities grant submission review, etc. Small target project funding Approx. $7,500 Technology assistance (examples) intellectual property prototype development manufacturing issues green assessments, etc. Eligibility Criteria Developing or utilizing new technologies Less than 16 employees (FTEs) Annual revenues < $1M/year