News Archive

The Maryland Technology Development Corporation (TEDCO) announced today that six new Maryland companies received funding from its Cybersecurity Investment Fund (CIF). Jedvice, Point 3 Security, Topaz Research, Efflux Systems, Bricata and QI Solutions were each awarded $100,000 through CIF. The Fund supports Maryland companies looking to develop and commercialize new cybersecurity products or services by providing investments of up to $225,000.

“As the State’s first dedicated cybersecurity fund, we have seen an increase in momentum around Maryland’s information security ecosystem,” said Rob Rosenbaum, president and executive director of TEDCO.  “CIF’s goal is to support innovative cybersecurity companies and accelerate their product development to help them get to commercial launch faster. With our funding and support, we are confident these six startups will successfully grow and create more jobs in Maryland. ”

PITCH. NETWORK. LEARN. BE INSPIRED.

The 2015 Entrepreneur Expo will be held on Tuesday, November 17th at the BWI Marriott in Linthicum, MD. This 5th Annual event is hosted by TEDCO and is the only large-scale event dedicated to promoting the key to Maryland’s innovation economy, its entrepreneurs. The 2015 Entrepreneur Expo is expected to draw the region’s top entrepreneurs, business owners, investors, legislators and researchers. This year’s keynote speakers are Rent the Runway Co-Founder Jennifer Fleiss and Maryland-born NASA Astronaut & USAF Col Terry Virts. www.innovatemd.com.

The Baltimore Angels recently surpassed $5 million in overall investment, according to numbers released by the six-year-old early-stage investment group

The milestone comes as members of the group invested $4 million in startups over the last two and a half years. Since 2012, investor membership has grown from 30 to 50 members. The group meets once a month to hear pitches. Companies are usually after the “friends and family” round, and pre-seed stage.

Former National Security Agency Director Keith Alexander’s startup IronNet Cybersecurity has raised $32.5 million.

The Series A round was led by Trident Capital Cybersecurity, along with Kleiner Perkins Caufield & Byers. Fulton-based IronNet will use the money to continue development of the company’s private sector cyber defense technology.

The Securities and Exchange Commission voted for new rules Friday that allow individuals at all levels to invest in startups — and that could give Washington-area startups a boost.

The rule, expected to take effect Jan. 29, 2016, allows companies to raise up to $1 million in a 12-month period through a crowdfunding campaign. In the past, only individual investors with higher net worth were able to obtain accreditation from the SEC. Now anyone can choose to invest.

By next summer, startups and small businesses will be able to raise up to $1 million in capital a year by using Internet portals to sell shares to anyone, not just accredited investors.

That’s because the Securities and Exchange Commission Friday finally adopted rules for securities-based crowdfunding. The rules implement a provision of the Jumpstart Our Business Startups Act, which was signed into law more than three years ago.

Efforts to fight antibiotic-resistant infections — often dubbed superbugs — typically involve strategies of curbing overuse of the antibiotics we already have or finding alternatives.

But what if those pesky superbug infections could simply be prevented in the first place? It’s the strategy Gaithersburg-based MedImmune is taking with two of its vaccine candidates aimed at bacterial infections.

Tuesday November 3, 2 pm ET

Congratulations – you just got a Notice of Award for an NIH SBIR/STTR grant – now what? How do you actually use those funds? This educational webinar about the Payment Management System will help you figure that out, with plenty of time for Q&A. This is highly recommended for new awardees.

Learn more about the Payment Management System: http://bit.ly/HHSpms

Presenter: Nicole Dunning Chief, University and Non-Profit Payment Section Payment Management Services Program Support Center U.S. Department of Health and Human Services