Listen to SSTI's Interview with Jim Poulos of the Maryland Technology Development Corporation
Listen to Jim Poulos' response to the following questions in this clip (approximately four-and-a-half minutes):
- 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?
Listen to the four-and-a-half-minute condensed version of the interview or the full conversation (10 minutes).
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.
About
the Excellence in TBED Awards
The SSTI Excellence in TBED Awards recognize
exceptional achievement in addressing elements that have been found in
successful tech-based economies. These include a research base that
generates new knowledge, mechanisms for transferring knowledge into the
marketplace, an entrepreneurial culture, sources of risk capital, and a
technically skilled workforce.
For more information about the SSTI Excellence in TBED Awards, visit http://www.sstiawards.org/.