April 15, 2016
Rockville StartUps Get TEDCO $
The Maryland Technology Development Corporation (TEDCO) announced that 17 companies have received over $1.7 million in funding from the organization’s Technology Commercialization Fund (TCF) and Cyber Security Investment Fund (CIF)in the last six months. The funding will be used to advance the companies’ technology and product commercialization efforts.
Two of the companies are located in Rockville: Cognitive Pro has a proprietary methodology (COGx) designed to remediate and/or enhance cognitive skills (brain function); and Mock V Solutions, a biotechnology company developing bench top research kits to quantify viral clearance in industrial processes.
“We have seen an increasing demand to our seed investment programs that support the early-stage technology companies in Maryland,” said John Wasilisin, president and chief operating officer of TEDCO. “As the quantity of funding applications went up, so did the quality of innovative companies we are seeing. Each of these seventeen companies has tremendous potential to attract future investors by leveraging our funding, which will help them to successfully grow and become a sustainable part of Maryland’s economy.”