The Daily Record
July 8, 2019
A TEDCO program designed to help universities turn research into commercial activity funded seven startups and 26 technology assessments during the last fiscal year, the Maryland Technology Development Corporation announced.
TEDCO used $4.2 million through the Maryland Innovation Initiative last year to help commercialize technology at Maryland’s research universities.
“We take a specific approach of moving those technologies into the commercial space,” said Arti Santhanam, executive director of the Maryland Innovation Initiative. “We recognize that the universities find this to be a unique program that helps them figure out which technologies have potential.”
TEDCO’s Maryland Innovation Initiative helps university researchers determine whether their technology could be the start of a successful company and then assists some of those researchers in starting their company.
It is part of a collaboration between the state and Maryland’s five participating research universities: Johns Hopkins University; Morgan State University; University of Maryland, Baltimore; University of Maryland, Baltimore County; and University of Maryland, College Park. The partnership was formed in 2012.