tedco programs for technology transfer and economic development

TEDCO Programs for Technology Transfer and Economic Development

TEDCO’s Technology Transfer Mission

Build the technology-based economy in Maryland

OutreachProject development

Assist companies and laboratories to achieve their mutual objectives

Technology Transfer Projects

Focused collaboration technology developmentpublic lab and a private company

TEDCO program initiatives defray a portion of the development costs

Allow company and its technology to mature and find continuation funding

ProjectProjectCapitalCapitalFundsFunds

$ $

$

BasicBasicResearchResearch

Proof of Proof of ConceptConcept

Feasibility Feasibility TestingTesting

ProductProductDesignDesign

Product/Product/ServiceService

DevelopmentDevelopmentProjectProject

Public Public LaboratoryLaboratory

CompanyCompany

PublicPublicFundingFunding

Angel Investors

Venture Capital

SBIRSBIR

$

Funding Opportunities Outside Maryland

ProjectProjectCapitalCapitalFundsFunds

$

University University Technology Technology

Development Development FundFund

$

Maryland Technology Maryland Technology Transfer FundTransfer Fund

ATTI /NTCI/ATTI /NTCI/FDTTIFDTTI

Maryland Industrial Partnerships

DBED Challenge

SBIRSBIR

$ $

$

BasicBasicResearchResearch

Proof of Proof of ConceptConcept

Feasibility Feasibility TestingTesting

ProductProductDesignDesign

Product/Product/ServiceService

DevelopmentDevelopmentProjectProject

Public Public LaboratoryLaboratory

CompanyCompany

PublicPublicFundingFunding

WCLFWCLF

Angels

Venture Capital

DBED Enterprise

MDBioMDBio

TechStartTechStart

$

TechbridgeTechbridge

ProjectProjectCapitalCapitalFundsFunds

$

$50K$50K

$

$75K + $75K$75K + $75K

$50K$50K

$90K + $90K

$150K

SBIRSBIR

$ $

$

BasicBasicResearchResearch

Proof of Proof of ConceptConcept

Feasibility Feasibility TestingTesting

ProductProductDesignDesign

Product/Product/ServiceService

DevelopmentDevelopmentProjectProject

Public Public LaboratoryLaboratory

CompanyCompany

PublicPublicFundingFunding

$50K$50K

Angels

Venture Capital

$500K

$200K$200K

$15K$15K

$

TechbridgeTechbridge

ProjectProjectCapitalCapitalFundsFunds

$

$50K$50K

$

$75K + $75K$75K + $75K

$50K$50K

$90K + $90K

$150K

SBIRSBIR

$ $

$

BasicBasicResearchResearch

Proof of Proof of ConceptConcept

Feasibility Feasibility TestingTesting

ProductProductDesignDesign

Product/Product/ServiceService

DevelopmentDevelopmentProjectProject

Public Public LaboratoryLaboratory

CompanyCompany

PublicPublicFundingFunding

$50K$50K

Angels

Venture Capital

$500K

$200K$200K

$15K$15K

$

TechbridgeTechbridge

Bottom Line: Bottom Line: over $1M of funding over $1M of funding

available for start-upsavailable for start-ups

MTTF Success CriteriaAchieving technical/budget/schedule milestonesFinding continuation funding

78 companies with completed MTTF projects (8/24/07)$4,578,380 in TEDCO support$162,824,981 in continuation funding>35.5:1 leverage Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

Benefits of TEDCO FundingAccess to business and technical assistance

Access to Venture Capital, angels, and strategic partners (e.g. Johnson & Johnson)Publicity through TEDCO press releases Recognition and reputation of state programsWorkshops for TEDCO funded companies only

Meet one on one with expertsNetwork with other companies

Entrepreneurial Assistance

Achieving The Commercialization of Technology in Ventures Through Applied Training for Entrepreneurs (ACTiVATE) The Maryland Minority R&D Initiative (MMRDI) The Maryland Rural Business Innovation Initiative (RBI) The New Markets Growth Fund (NMGF)

For further information contact

Ronald Kaese5565 Sterrett Place, Suite 214Columbia, MD 21044www.marylandtedco.orgrkaese@marylandtedco.org(410)715-4170