Maryland Technology Development Corporation (TEDCO)

TEDCO was created to facilitate the transfer and commercialization of technology and to assist in the creation and growth of technology-based businesses in all regions of the State.


Maryland Technology Development Corporation (TEDCO) is a body corporate and politic and is constituted as a public instrumentality of the State of Maryland (the State). TEDCO’s mission upon creation was to capitalize on the vast underutilized technology assets in the state’s research universities through commercialization. TEDCO’s mission has since been expanded to include business incubation, entrepreneurship and community building.

TEDCO’s program activity includes grants and investments focused on technology commercialization, financial support for incubators, and educational and coaching activities for entrepreneurs. TEDCO also administers the Maryland Stem Cell Research Fund, which promotes State-funded stem cell research through grants to public and private entities in the State, and most recently was tasked with administering the Maryland Innovation Initiative which is focused on supporting technology proof of concept and commercialization projects for known market needs.

The details for all of TEDCO’s various funding programs can be found at

Services Provided

Financial Resources and Assistance

  • Obtaining Debt Funding
  • Obtaining Equity Funding
  • Obtaining Government Funding
  • Technology Grants
  • Angel Investment Providers
  • Venture Capital Equity Providers

Technical Assistance

  • Commercialization
  • Technology Transfer

Product Development

  • Patent Information
  • Product Design & Development
  • Prototype Development

Manufacturing, High Tech, Life Sciences Development

  • Manufacturing Development
  • High Tech Development
  • Life Sciences Development
  • Commercialization
  • Industrial Technology Research
  • Technology Transfer


  • Formal Mentoring Programs
  • One-on-One Counseling
Contact Information
Troy LeMaile-Stovall
7021 Columbia Gateway Drive
Suite 200
Columbia, MD 21046