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 our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Donate to the Journalism Fund

Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.

Trending

What internet speed do you really need?

How DC protesters are protecting themselves online while calling out the Trump administration

Baltimore-area libraries are a gold mine of resources for entrepreneurs

Developing tech for government agencies? Participant advisory councils can help get it right.

Technically Media