tedco programs
DESCRIPTION
TEDCO Programs. July 2013. Conventional Funding. Research Laboratory. Corporate Activity. Public Funding. Tech Transfer. F, F, F, & F. Commercial Launch. SBIR / STTR. Angels. Product Design. Venture Capital. Proof of Concept. Basic Research. TEDCO Programs. - PowerPoint PPT PresentationTRANSCRIPT
TEDCO Programs
July 2013
Conventional Funding
Proof of Concept
Product Design
Basic Research
Research Laboratory Corporate Activity
Commercial Launch
Public Funding
Venture Capital
F, F, F, & F
Tech Transfer
Angels
SBIR / STTR
TEDCO Programs
Proof of Concept
Product Design
Basic Research
Research Laboratory Corporate Activity
Commercial Launch
F, F, F & F SBIR, TBED & Seed Grants, Corp. R&D Angels & Venture
Patent Support $10K
Stem Cell Research Fund $110K - $750K
Rural Business Innovation $7.5K
MD Innovation Initiative $215K
Tech Validation $50K
Tech Commercialization Fund $100K
TEDCO Affinity Fund $500K
Maryland Innovation Initiative (MII)
–$5.8M in funding (annually)
–Foster the transition of promising technologies having significant commercial potential from Qualifying Universities• UMCP, UMB, UMBC, MSU, JHU
–“Site Miners” walk the halls for opportunities
MII Funding Programs
–Phase I - Pre-Commercial Research $100K• Faculty
–Phase II - Commercialization Planning $15K• Faculty or Entrepreneur
–Phase III - Early-Stage Development $100K • Start-up Company proposal within 12 months of Patent
License application
Additional funding for a collaboration with multiple universities
Tech Validation Program (TVP)
– Goal - Increase the number of Maryland academic start-up companies
– TVP is for non-MII campuses
– University faculty or start-up company applying with the technology licensing office
– Funding up to $50K • $40K Pre-commercial technology research • $10K for commercialization analysis (also federal labs)• Order of activity to be project specific
– Team - inventor, technology transfer manager, and entrepreneur
Patent Assistance Program
–“Pilot Program”
–Start-up company support for on going IP expenses paid to university/college
–Within 18 months Patent Assistance agreement
–Licensing technology from an institution of higher education in Maryland
–Up to $10K on a one to one match
Technology Commercialization Fund (TCF)
–Facilitate the commercialization of technology by Maryland companies
–Significant collaboration OR product development required
–Projects up to 12 months and up to $100K award • Requires a 50% company match (can be In-Kind)
Eligibility
–Recipient must be Maryland technology based for-profit company• Fewer than 16 employees (FTEs) AND
–Recipient must be early stage • No revenue (Revenue = commercial product sales/services)
OR• Venture investment no more than $500K total
–Meet the ‘significant collaboration’ requirement
Significant Collaboration
–Companies engaged in a significant collaboration: • Federal Lab, or Academic Institution in Maryland• Non-profit research organization • Under a license agreement or a research agreement
–Companies receiving significant coaching:• Incubator companies receiving business assistance (3mo.)• Companies receiving RBI2 assistance
Rural Business Innovation Initiative (RBI²)
–To assist small technology oriented companies in obtaining critical assistance to move their companies to the next stage at no cost to the company
–Create economic development by strengthening existing and emerging companies in rural regions of Maryland
–To build a technology entrepreneurial community in the rural areas
RBI² Assistance
–Business assistance (examples)• business model or strategy • market strategy/analysis and competitive analysis• funding opportunities and introductions • financial analysis• business plan and grant review
–Technology assistance (examples)• intellectual property• prototype development• manufacturing problem solving• green assessments, etc.
RBI² Criteria
–Companies must be involved in developing new technologies or utilizing technology to create new businesses
–Companies must have less than 16 employees
–Annual revenues of less than $1M/year
–Age of company not a factor
RBI² FY13 Companies 187
NE; 23
WMD; 31
SMD; 39 MS; 53
LS; 41
# Mentored Companies
Regional Representatives
Western Maryland Rep.
Chuck Ernst
301.491.7034
Southern Maryland Rep.
Angela Singleton
410.941.9111
Northeast Maryland Rep.
Debbie Grosh
443.986.2111
Lower Eastern Shore Rep.
Barry Frey
410.202.8867
Mid & Upper Eastern Shore Rep.
John McQuaid
410.463.0855
TEDCO Capital Partners
–TEDCO Affinity Funds• Propel Baltimore Fund• Veterans Opportunity Fund1
• Orange Knocks Cyber Fund1
• Chesapeake Regional Innovation Fund1
1-Currently in formation stage
Maryland Entrepreneur Resource List
–Resource for:• Companies to find experienced Entrepreneurs and Mentors • Entrepreneurs to find their next business opportunity• Entrepreneurs to collaborate and help each other
–Registration Open for: • Experienced Entrepreneurs• Mentors
–Available for Viewing by all
http://tedco.md/program/maryland-entrepreneurs-resource-list-merl/
Entrepreneurial Education
–TEDCO Portfolio Workshops & Webinars
–TEDCO ICE Awards
–Entrepreneur Expo
–Achieving the Commercialization of Technology in Ventures through Applied Training for Entrepreneurs (ACTiVATE)
–INNoVATE offers 12 months of entrepreneurship and business development leadership training
–Eastern Shore Entrepreneurship Center
–Veterans Project Opportunity
Benefits of TEDCO Funding
–Access to business and technical assistance
–Access to Venture Capital, angels, and strategic partners
–Publicity through TEDCO press releases
–Recognition and reputation of state programs
–Workshops for TEDCO funded companies only• Meet one on one with experts• Network with other companies
Thank youRobbie Melton
Director, Entrepreneurial Innovation
[email protected] (410) 715-4164
@femailentrepren
www.tedco.md