TEDCO's New Era: Fueling Innovation and Economic Growth in Maryland
August 15, 2024, 5:04 pm
In the heart of Maryland, a quiet revolution is taking place. TEDCO, the Maryland Technology Development Corporation, is at the forefront. With a mission to ignite innovation and bolster economic growth, TEDCO is a beacon for technology and life science companies. Recent developments signal a transformative phase for the organization, with new leadership and significant investments aimed at propelling Maryland's economy into the future.
On August 13, 2024, TEDCO announced the promotion of Kim Mozingo to Vice President of Federal Programs. This move is more than just a change in title; it’s a strategic shift. Mozingo is set to lead a suite of seven programs designed to bridge the gap between federal scientific research and economic opportunity. Her role is pivotal. It’s about turning ideas into action, and research into revenue.
Mozingo’s background is impressive. She has served in the Air Force and worked with various branches of the military. Her experience includes managing the Maryland Defense Technology Commercialization Center (DefTech), where she helped businesses connect with Department of Defense researchers. This experience is invaluable. It positions her to leverage federal resources for Maryland’s small businesses, ensuring they have the tools to thrive.
TEDCO’s mission is clear: to identify, invest in, and grow technology-based companies. With Mozingo at the helm of federal programs, TEDCO is poised to enhance its impact. The organization has already supported over 150 companies through its initiatives. This is not just about numbers; it’s about real people and real jobs. Each investment is a seed planted in the fertile ground of innovation.
But TEDCO isn’t stopping there. On the same day, it announced a significant investment of $2.1 million through its Maryland Innovation Initiative (MII). This funding will support seven companies, each pushing the boundaries of innovation. These aren’t just startups; they are the future of Maryland’s economy.
Take Gelectric Medical, for example. This Baltimore-based company is commercializing AnastoTape, a revolutionary alternative for intestinal tissue repair. Or consider Imagining Reality Insights and Solutions, which is developing an XR-based reading intervention app for children with dyslexia. These companies are not just ideas; they are solutions to pressing problems.
The investments span various industries, showcasing the diversity of talent in Maryland’s academic institutions. Each company is a testament to the innovative spirit that thrives in the state. TEDCO’s support provides these startups with the resources they need to transition from lab to market. It’s a lifeline for entrepreneurs navigating the challenging waters of commercialization.
The MII program is a collaboration between TEDCO and several leading academic institutions, including Johns Hopkins University and the University of Maryland. This partnership is crucial. It harnesses the strengths of each institution, creating a robust ecosystem for innovation. The program offers two phases of funding: Technology Assessment and Company Formation. This structure is designed to support startups at every stage of their journey.
Since its inception, MII has expanded its reach, now including Frostburg State University and Bowie State University. This expansion is a clear signal of TEDCO’s commitment to fostering innovation across the state. It’s about inclusivity and ensuring that all voices are heard in the entrepreneurial landscape.
The impact of these initiatives is profound. By investing in small businesses and startups, TEDCO is not just creating jobs; it’s building a sustainable economy. Each investment is a step toward a brighter future. It’s about creating an environment where innovation can flourish.
As Maryland continues to navigate the complexities of a rapidly changing economy, TEDCO’s role becomes even more critical. The organization is not just a funding body; it’s a catalyst for change. With Mozingo’s leadership and the recent investments, TEDCO is set to redefine what’s possible for Maryland’s tech and life science sectors.
The road ahead is filled with opportunities. TEDCO’s commitment to innovation and economic growth is unwavering. The organization is dedicated to ensuring that Maryland remains a leader in technology and entrepreneurship. With each new program and investment, TEDCO is laying the groundwork for a thriving future.
In conclusion, TEDCO is more than an economic engine; it’s a vision for what Maryland can become. With strategic leadership and a focus on innovation, the organization is poised to transform the landscape of technology and life sciences. The future is bright, and TEDCO is leading the way. As Maryland embraces this new era, the possibilities are endless. Innovation is not just a goal; it’s a journey, and TEDCO is at the forefront, guiding the way.
On August 13, 2024, TEDCO announced the promotion of Kim Mozingo to Vice President of Federal Programs. This move is more than just a change in title; it’s a strategic shift. Mozingo is set to lead a suite of seven programs designed to bridge the gap between federal scientific research and economic opportunity. Her role is pivotal. It’s about turning ideas into action, and research into revenue.
Mozingo’s background is impressive. She has served in the Air Force and worked with various branches of the military. Her experience includes managing the Maryland Defense Technology Commercialization Center (DefTech), where she helped businesses connect with Department of Defense researchers. This experience is invaluable. It positions her to leverage federal resources for Maryland’s small businesses, ensuring they have the tools to thrive.
TEDCO’s mission is clear: to identify, invest in, and grow technology-based companies. With Mozingo at the helm of federal programs, TEDCO is poised to enhance its impact. The organization has already supported over 150 companies through its initiatives. This is not just about numbers; it’s about real people and real jobs. Each investment is a seed planted in the fertile ground of innovation.
But TEDCO isn’t stopping there. On the same day, it announced a significant investment of $2.1 million through its Maryland Innovation Initiative (MII). This funding will support seven companies, each pushing the boundaries of innovation. These aren’t just startups; they are the future of Maryland’s economy.
Take Gelectric Medical, for example. This Baltimore-based company is commercializing AnastoTape, a revolutionary alternative for intestinal tissue repair. Or consider Imagining Reality Insights and Solutions, which is developing an XR-based reading intervention app for children with dyslexia. These companies are not just ideas; they are solutions to pressing problems.
The investments span various industries, showcasing the diversity of talent in Maryland’s academic institutions. Each company is a testament to the innovative spirit that thrives in the state. TEDCO’s support provides these startups with the resources they need to transition from lab to market. It’s a lifeline for entrepreneurs navigating the challenging waters of commercialization.
The MII program is a collaboration between TEDCO and several leading academic institutions, including Johns Hopkins University and the University of Maryland. This partnership is crucial. It harnesses the strengths of each institution, creating a robust ecosystem for innovation. The program offers two phases of funding: Technology Assessment and Company Formation. This structure is designed to support startups at every stage of their journey.
Since its inception, MII has expanded its reach, now including Frostburg State University and Bowie State University. This expansion is a clear signal of TEDCO’s commitment to fostering innovation across the state. It’s about inclusivity and ensuring that all voices are heard in the entrepreneurial landscape.
The impact of these initiatives is profound. By investing in small businesses and startups, TEDCO is not just creating jobs; it’s building a sustainable economy. Each investment is a step toward a brighter future. It’s about creating an environment where innovation can flourish.
As Maryland continues to navigate the complexities of a rapidly changing economy, TEDCO’s role becomes even more critical. The organization is not just a funding body; it’s a catalyst for change. With Mozingo’s leadership and the recent investments, TEDCO is set to redefine what’s possible for Maryland’s tech and life science sectors.
The road ahead is filled with opportunities. TEDCO’s commitment to innovation and economic growth is unwavering. The organization is dedicated to ensuring that Maryland remains a leader in technology and entrepreneurship. With each new program and investment, TEDCO is laying the groundwork for a thriving future.
In conclusion, TEDCO is more than an economic engine; it’s a vision for what Maryland can become. With strategic leadership and a focus on innovation, the organization is poised to transform the landscape of technology and life sciences. The future is bright, and TEDCO is leading the way. As Maryland embraces this new era, the possibilities are endless. Innovation is not just a goal; it’s a journey, and TEDCO is at the forefront, guiding the way.