Startups
DEI / Funding / Startups

These 3 entrepreneurs just got funding from the Minority Business Pre-Seed Fund

It's the second round for the program from TEDCO and Harbor Bank.

At the 2016 TEDCO Entrepreneur Expo. (Photo by Flickr user Maryland GovPics, used under a Creative Commons license)

TEDCO and Harbor Bank Community Development Corporation announced the latest recipients of capital from the Minority Business Pre-Seed Fund on Friday.
Through the program, which launched earlier this year, three businesses will get $40,000.
As TEDCO’s Mac Conwell previously told Technical.ly, the fund grew out of a recognition that TEDCO needed to do more to reach minority entrepreneurs in the state. The fund is being piloted to help African American entrepreneurs in Maryland. It focuses on founders at the idea stage who need capital to help test their concept as a viable business.
An initial round of funding was awarded to three companies in July. Deadline for the next round of applications is Jan. 18, 2018.
Here are the latest recipients:

  • PyroDex, founded by Djikolngar Maouyo, is a biotech company specializing in detection of pyrogens and fever-causing contaminants. The company is based in Baltimore.
  • PYT Funds, founded by Stacie Whisonant, is a Rockville-based startup helping students access funding to complete college. Read Technical.ly DC’s coverage.
  • kweliTV, founded by DeShauna Spencer, is a Silver Spring–based streaming platform that focuses on content reflecting the experience of the African Diaspora.
Companies: TEDCO
Engagement

Join the conversation!

Find news, events, jobs and people who share your interests on Technical.ly's open community Slack

Trending

Baltimore daily roundup: Gen AI's software dev skills; UpSurge Tech Ecosystem Report; MD service year program

Baltimore daily roundup: Mayoral candidates talk tech and biz; a guide to greentech vocabulary; a Dutch delegation's visit

Baltimore daily roundup: An HBCU innovation champion's journey; Sen. Sanders visits Morgan State; Humane Ai review debate

'Fail fast and fail forward': This accelerator and HBCU summit founder believes in seizing the moment

Technically Media