TEDCO's tech transfer fund has served 15 firms this year - Technical.ly Baltimore


Oct. 29, 2014 8:59 am

TEDCO’s tech transfer fund has served 15 firms this year

The initiative has supported more than 200 companies since its inception.

VitusVet offers a health IT platform for vets.

(Photo by Flickr user Zlatko Unger, used under a Creative Commons license)

Correction: Due to an error by TEDCO, an earlier version this story misstated the number of firms and the amount invested. It's 15 firms and $1.5 million, not 14 firms and $1.4 million. (10/29/14, 3:55 p.m.)

Animal health IT and recipe hunting are among efforts each to receive $100,000 grants this year from TEDCO’s Technology Commercialization fund. On Tuesday, officials announced the program has distributed $1.5 million so far this year.

That’s 15 different companies supported by the initiative this year.

“Early-stage companies in Maryland benefit immensely from the investment of capital the Technology Commercialize Fund is able to provide,” Rob Rosenbaum, president and executive director of TEDCO, said in a release. “The portfolio of this core TEDCO program includes some of the most dynamic emerging companies in the State, and we’re proud to support the 15 newest start-up additions.”

This year’s class includes:

  • Kitchology, located in Germantown, which is working on a mobile app to help consumers modify recipes to serve nutritional goals, budget, time and even what’s on hand in the fridge.
  • Urbana-based Vitus Animal Health is behind a cloud-based service to help veterinarians interface with systems already in animal hospitals in order to display and store information online.
  • Maven Medical, based in Baltimore’s Emerging Technology Centers, has software aimed at helping clinicians make more cost-effective decisions.
See the full list

The fund from the state-backed agency supports companies developing technology in concert with universities or federal labs. Eligible grant recipients must be located at an affiliated incubator or participate in certain state programs. The companies must have less than 16 employees, be less than five years removed from direct university ties and have less than $500,000 in venture investments.

In all, the commercialization fund has supported 225 companies with $15 million in funding. Those firms have gone on to receive $678 million in investments and other awards, according to the release.

Organizations: TEDCO
Already a member? Sign in here


Gliknik receives $15M payment from Pfizer after reaching clinical milestone

Nest Collaborative is offering lactation support via video chat

MindX, a startup developing brain-controlled smartglasses, names Julia Brown as CEO



Arrive ready to grow at 14 West



Director of Product Management (Programs)

Apply Now
Baltimore, MD


Product Designer

Apply Now
Baltimore, MD 21201

Agora Financial

Jr. Project Manager / Business Analyst

Apply Now

Allovue raises $4M, adds to education budget tools

Maryland entrepreneurs are upping local presence at Startup Grind’s global conference

These 8 MICA ventures are finalists for Up/Start 2019



The Washington Post is reprogramming the way news breaks

Canton in Baltimore, MD


Software Engineer (Embedded/SoC)

Apply Now
Baltimore, MD



Apply Now
Baltimore, MD 21201

The Oxford Club

Web Developer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!