TEDCO Funding Briefing August 2016

27
Overview of Programs www.tedco. md

Transcript of TEDCO Funding Briefing August 2016

Page 1: TEDCO Funding Briefing August 2016

Overview of Programs

www.tedco.md

Page 2: TEDCO Funding Briefing August 2016

Navigating TEDCO

FUNDINGENTREPRENEUR

SUPPORT COMMUNITY

• University

• Start-ups

• Growth

• Portfolio

• General

• Events

• Activity

Page 3: TEDCO Funding Briefing August 2016

Proof of Concept Product DesignBasic Research

University Corporation

Prod. Launch

Stem Cell Research Fund

MD Innovation Initiative

Tech Validation

Cybersecurity Investment Fund

TEDCO’s Primary Funding Programs

Tech Commercialization Fund

Life Science Investment Fund

MD Venture Fund

Page 4: TEDCO Funding Briefing August 2016

Maryland Stem Cell Research Fund

Purpose:

Advance stem cell research and treatments in Maryland

Who:

Stem cell researchers in academia, entrepreneurs, and industry

What:

4 separate funding programs

When:

Annually

Program Contact:

Dan [email protected]

Page 5: TEDCO Funding Briefing August 2016

Maryland Stem Cell Research Fund

Discovery Validation Commercialization Clinical

Basic & translational scientists

Translational scientists & start-up business people

Start-up business people & investors

Start-up business people, investors, & clinicians

Page 6: TEDCO Funding Briefing August 2016

Maryland Innovation Initiative

Purpose:

Accelerating the growth of university-based start-up companies

Who:

‘Qualified Universities’ & their ‘Start-up’ companies

What:

Two phases of funding up to $265K per project

When:

1st of every other month

Program Contact:

Jennifer [email protected]

Page 7: TEDCO Funding Briefing August 2016

Technology Validation Program

Purpose:

Commercialization of university technologies

Who:

Non-MII Universities, their ‘Start-up’ companies, Fed. Lab start-ups

What:

Two phases of funding up to $50K per project

When:

1st of every month

Program Contact:

Arti [email protected]

Page 8: TEDCO Funding Briefing August 2016

Technology Commercialization Fund

Purpose:

Fund product development to position a company for follow-on investment

Who:

Early-stage companies in MD meeting eligibility requirements

What:

$100K Investment for up to 12 months

When:

1st of every month

Contact:

Ron [email protected]

Page 9: TEDCO Funding Briefing August 2016

Cybersecurity Investment Fund

Purpose:

Fund product development to position a cybersecurity company for follow-on investment

Who:

Early-stage “Cybersecurity” companies

What:

$100K Investment for up to 12 months

When:

1st of every month

Contact:

Ron [email protected]

Page 10: TEDCO Funding Briefing August 2016

TCF/CIF Eligibility Requirements

Eligibility Requirements:

For-profit with less than 16 FTE employees

AND

Pre-revenue

OR

Pre-institutional Investment (< $500K)

Page 11: TEDCO Funding Briefing August 2016

Technology Commercialization Fund

Review ProcessApplication Submission

Approve/ Reject

Compliance Review

Initial Review

Final Review• 10 minute pitch• 20 minutes questions• 3rd Wed. 2nd Month

• Proposal review

• Eligibility• RFA compliance

Page 12: TEDCO Funding Briefing August 2016

Life Sciences Investment Fund

Purpose:

Support the development of products requiring FDA approval

Who:

Companies developing products directed to human health

What:

Investments of up to $200K

When:

Bi-annually – October 14th 2016 and April 14th 2017

Program Contact:

Arti [email protected]

Page 13: TEDCO Funding Briefing August 2016

Convertible Note Purchase Agreement

8% simple interest May convert to equity or another

form of investment after the company raises $500K or more (TEDCO’s option)

No discount or cap provision Reporting requirements until the

obligation is fulfilled

TCF/CIF/LSIF Convertible Note Terms

Page 14: TEDCO Funding Briefing August 2016

Maryland Venture Fund

Purpose:Early-stage, evergreen venture capital fund with over $100M in assets

Who:Outstanding entrepreneurs with a track record of success seeking smart, early-stage money (industry agnostic)

What:Investments of $500K - $2M

When:Any time

Fund Contact:

Andy [email protected]

• Frank Dickson• Seth Shuldiner• Moss Amer• Arti Santhanam• Phil Jung

The Team:

Page 15: TEDCO Funding Briefing August 2016

Proof of Concept Product DesignBasic Research

Research Laboratory Corporation

Prod. Launch

Other Maryland Funding Programs

MD Industrial Partnership $100K

VLT Fund $250K http://commerce.maryland.gov/fund/programs-for-businesses/vlt

http://www.mips.umd.edu/

Page 16: TEDCO Funding Briefing August 2016

Entrepreneur Support

Loaned Executives

Executive Coaching

CEO Roundtables

Portfolio Workshops

MERL Members & RBI² Reps

TEDCO StaffLess competitive

More competitive

Page 17: TEDCO Funding Briefing August 2016

For CEOs: Access to experienced entrepreneurs as mentors or management

For MERL Members:

Opportunity to get involved with a new start-up or give back to the community

MD Entrepreneur Resource List

Program Contact:

Linda [email protected]

Page 18: TEDCO Funding Briefing August 2016

Purpose:

Support TEDCO’s portfolio companies/entrepreneurs

Who:

Primarily, TEDCO portfolio companies

What:

5 support programs

When:

Varies by program

Program Contact:

Neil [email protected]

Entrepreneur Support

Page 19: TEDCO Funding Briefing August 2016

Purpose:

Help medical device companies achieve 510(k) clearance

Who:

Early stage medical device companies

What:

TEDCO provides experienced medical device executive

When:

Any time

Program Contact:

Neil [email protected]

mdPACE Program

Page 20: TEDCO Funding Briefing August 2016

Purpose:

Assist entrepreneurs develop better market assessments

Who:

Entrepreneurs and companies affiliated with TEDCO

What:

Access to databases and business expertise

When:

Advisors by appointment

Market Search Advisory Services

Program Contact:

Stephen [email protected]

Page 21: TEDCO Funding Briefing August 2016

N-STEP Program• NIST Post-doc commercialization

program & start-up funding

NAVAIR Technology Transfer Initiative (NTTI)• Commercialization of naval aviation

technology

Federal Laboratory Access

Federal Initiatives

Contact:

Ron [email protected]

Page 22: TEDCO Funding Briefing August 2016

Build a technology-based, entrepreneurial community in the rural areas of Maryland• Business Assistance• Technology Assistance• Small target project funding

Eligibility• Less than 16 employees and less than

$1M revenues• Developing/using new technology

Rural Business Innovation Initiative

Page 23: TEDCO Funding Briefing August 2016

Rural Business Innovation Initiative

RBI Lead Lee [email protected]

Upper Eastern Shore Rep.Lois Haggerty443.365.3751 [email protected]

Lower Eastern Shore Rep.Barry Frey

[email protected]

South Central Maryland Rep. Angela Singleton

410.941.9111 [email protected]

Western Maryland Rep.Chuck [email protected]

Page 24: TEDCO Funding Briefing August 2016

Community

Entrepreneur Expo

November 14, 2016Baltimore Hilton

Page 25: TEDCO Funding Briefing August 2016

Where do I get more information?

W W W . T E D C O . M D

Page 26: TEDCO Funding Briefing August 2016

Where do I get more information?

• Request for Application

• Funding Document

• Application Link

• Program Manager

• Checklist

Page 27: TEDCO Funding Briefing August 2016

Or . . . Just Ask!!!

Questions?