TEDCO Seed Funding for Technology Development

TEDCO Seed Funding for Technology Development

TEDCO BioInformatics ~ March 4,

2009 Ronald W. Kaese

Technology Transfer Mission

Technology-based economy in Maryland

OutreachProject development

Companies & labs achieve mutual objectives

Technology Transfer Projects

Focused collaboration technology developmentpublic lab & private company

TEDCO defray a portion of the costsCompany and its technology mature Find continuation funding

ProjectProjectCapitalCapitalFundsFunds

$

$

$

BasicBasicResearchResearch

Proof of Proof of ConceptConcept

Feasibility Feasibility TestingTesting

ProductProductDesignDesign

Product/Product/ServiceService

DevelopmentDevelopmentProjectProject

Public Public LaboratoryLaboratory

CompanyCompany

PublicPublicFundingFunding

Angels

Venture Capital

$

$

SBIRSBIR

Funding Opportunities Outside Maryland

The Valley of Death


$

University University Technology Technology

Development Development FundFund

$

$

$








CompanyCompany


TechStartTechStart$

TechbridgeTechbridge

$

$

Maryland Stem Cell Research Fund Rural Business Initiative


$

$50K$50K

$

$

$








CompanyCompany


$15K$15K$

TechbridgeTechbridge

$

$

$110K / $230K / $1.5M$110K / $230K / $1.5M$10K$10K

Maryland Technology Transfer Fund (MTTF)

Facilitate tech transfer between Maryland Universities or Federal Labs and Maryland Companies Maximum award amount is $75,000

MTTF Success CriteriaAchieve technical/budget/schedule milestonesFinding continuation funding

119 companies completed MTTF projects (1/1/09)>$38:1 leverage Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

MTTF Eligibility

Recipient must be Maryland businessPrinciple Place of Employment = MarylandFewer than 16 employees ORUniversity/fed lab spin-out less than 5 years prior to proposal

Recipient must be early stageNo revenue ORORNo venture investment

Johnson & Johnson Joint Investment Program

Transformational medical technology Interests of J&J Maximum award is $150,000 MTTF process

Benefits of TEDCO Funding

Access to business and technical assistanceAccess to Venture Capital, Angels, and strategic partners (e.g. Johnson & Johnson)Publicity through TEDCO press releases Recognition and reputation of state programsWorkshops for TEDCO funded companies

Thanks

www.maryandtedco.org

TEDCO Seed Funding for Technology Development

Documents

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