TEDCO has $300K to bring new incubator ideas to Maryland - Technical.ly Baltimore

Access

Jun. 13, 2017 8:22 am

TEDCO has $300K to bring new incubator ideas to Maryland

The Incubation Challenge is seeking ideas that haven't been tried here before. Proposals are due July 31.

Inside Johns Hopkins' FastForward 1812.

(Photo by Stephen Babcock)

TEDCO is known for providing seed funding for early stage companies.

“We want to help the incubation industry raise their bar, too, and keep pace with acceleration and innovation in Maryland,” said Neil Davis, Director of Entrepreneurial Development at the quasi-public agency that backs early stage companies.

So the agency is offering a new grant to help incubators try something new — or, something that’s been tried outside of Maryland.

The formal call for proposals recently went out for the Incubation Challenge. TEDCO set aside $300,000 in grant money, and will make up to two awards, Davis said. To enter, a seven-page proposal must be submitted by July 31.

See the RFP

The whole point is to bring in new ideas, so the parameters are fairly loose. Since Maryland has lots of incubators already, Davis said the proposal could come from an existing organization, as well as a new group that’s looking to get started. Whether the focus is attracting talent, generating traction with partners and institutions or something else, the idea is to provide some funding for a new resource that can help meet the needs of startups.

“We would love to see someone propose something that’s been used successfully elsewhere, but that’s not a requirement, either,” Davis said.

TEDCO often commissions studies to see what was happening in other places, such as the Emerging Trends study referenced in the RFP. With the challenge, the agency is “taking it to another level and providing real dollars for people to propose and put ideas into place here, said TEDCO President John Wasilisin.

For those interested in learning more, an in-person info session is being held from 2-3:30 p.m. Wednesday afternoon at TEDCO headquarters in Columbia, as well as two conference call sessions from 2-3 p.m. on June 15 and 16.

Companies: TEDCO
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Baltimore’s ABS Capital Partners leads $23M Series A for Florida cybersecurity company

Female founders get far less VC funding than men. Here’s a look at the numbers in Baltimore

eBay founder’s Omidyar Network invests in Baltimore-based Terbium Labs

SPONSORED

Baltimore

How SmartLogic accelerated these startups’ product growth trajectories

Philadelphia, PA

Orthly

Full-Stack Javascript Engineer

Apply Now
Baltimore, MD 21201

14 West

Chief of Staff

Apply Now
Baltimore, MD

SmartLogic

Product Designer

Apply Now

BurnAlong raises $1.5M, moves to new offices in Pikesville

4 JHU professors received the Bisciotti Foundation Translational Fund’s first grants

Howard County’s RackTop Systems raises $15M to expand its data storage and security product

SPONSORED

Baltimore

This fast-growing SaaS company aims to be a force for change in the energy industry

Baltimore

Technically Media

Technical.ly Baltimore Contributing Reporter (Contract or Freelance)

Apply Now
Baltimore, MD

SmartLogic

Developer

Apply Now
Baltimore, MD 21201

14 West

Application Security Engineer (Pen Tester)

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!