- Can you describe the structure of the Maryland Technology Transfer Fund program, including information on how many companies are funded each year?
- Once a company receives funding from the program, how is the payback mechanism structured?
- What are the two main metrics used to gauge the success of the Maryland Technology Transfer Fund program?
- Is there a critical component of the program, if excluded when attempted to be replicated in another state or region, would limit its effectiveness?
About Maryland Technology Development Corporation
A program of the Maryland Technology Development Corporation (TEDCO), the Maryland Technology Transfer Fund supports product development in early-stage companies by providing funds to defray the cost of R&D activities and push company technology to the threshold of commercialization making the company attractive for follow-on funding. Since 2002, 126 companies that have been supported through the Maryland Technology Transfer Fund have completed their projects. With an investment of $7.5 million by TEDCO these companies have gone on to receive downstream funding nearing $276 million. This is a leverage of the state’s investment of $37 to $1.