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Maryland TEDCO Awards $675K to 9 Maryland startups
Colleagues,
As reported in Baltimore Business Journal ... 9 Maryland technology startups have received $674,997 from the state-run investment fund, TEDCO (Technology Development Corporation) designed to transfer work from university and federal government laboratories to the private sector...
... The startups are developing a range of medical, diagnostic and software applications... Each firm received about $75,000 ...
... The companies receiving funding:
• Blue Torch Medical Technologies Inc., located in Rockville, is working with Johns Hopkins University (JHU) to further develop a computer-integrated diagnostics and prognostics software system to improve imaging guidance during robotic-assisted surgeries.
• Celek Pharmaceuticals LLC, located in Gaithersburg, is working with the University of Maryland, Baltimore (UMB) to develop drugs to treat proliferate disorders, including cancer and inflammatory diseases.
• Chesapeake BioDiscovery Development 1 LLC, based in Baltimore, is working with UMB to develop a cancer treatment.
• Columbia Biosystems Inc., also based in Baltimore, is working with University of Maryland’s flagship College Park campus (UMCP) to develop a polymer to prevent hospital-acquired infections associated with nosocomial pathogens.
• CombiMab Inc., located in Chevy Chase, is working with UMB to develop a novel approach to monoclonal antibody therapeutics for oncology and autoimmune indications.
• FlexEl LLC, based in College Park, is working with UMCP to commercialize a thin-film voltage source comprised of both batteries and “super-capacitors,” which offer several breakthrough benefits including significantly higher charge storage capacity.
• Solar Fruits Biofuels LLC, headquartered in Salisbury, is working with Salisbury University to develop and commercialize sweet sorghum, a promising crop for producing advanced biofuels.
• Therataxis LLC, located in Baltimore, is working with JHU to develop a technology that models drug distribution within the brain to improve drug intervention for primary brain cancers and central nervous system lymphomas.
• ZGI Inc., located in Stevensville, is working with NASA and the U.S. Department of Agriculture on several projects, including the space-based production of embryonic stem cells.
To date, 132 companies have received TEDCO funding from the tech transfer program and completed their projects ... The $7.9 million invested in these companies has yielded funding from angel and venture investors, federal awards and other resources exceeding $298 million.
Read on at: http://www.marylandtedco.org/_media/pdf/MTTCF011310.pdf
ENJOY!
CC
As reported in Baltimore Business Journal ... 9 Maryland technology startups have received $674,997 from the state-run investment fund, TEDCO (Technology Development Corporation) designed to transfer work from university and federal government laboratories to the private sector...
... The startups are developing a range of medical, diagnostic and software applications... Each firm received about $75,000 ...
... The companies receiving funding:
• Blue Torch Medical Technologies Inc., located in Rockville, is working with Johns Hopkins University (JHU) to further develop a computer-integrated diagnostics and prognostics software system to improve imaging guidance during robotic-assisted surgeries.
• Celek Pharmaceuticals LLC, located in Gaithersburg, is working with the University of Maryland, Baltimore (UMB) to develop drugs to treat proliferate disorders, including cancer and inflammatory diseases.
• Chesapeake BioDiscovery Development 1 LLC, based in Baltimore, is working with UMB to develop a cancer treatment.
• Columbia Biosystems Inc., also based in Baltimore, is working with University of Maryland’s flagship College Park campus (UMCP) to develop a polymer to prevent hospital-acquired infections associated with nosocomial pathogens.
• CombiMab Inc., located in Chevy Chase, is working with UMB to develop a novel approach to monoclonal antibody therapeutics for oncology and autoimmune indications.
• FlexEl LLC, based in College Park, is working with UMCP to commercialize a thin-film voltage source comprised of both batteries and “super-capacitors,” which offer several breakthrough benefits including significantly higher charge storage capacity.
• Solar Fruits Biofuels LLC, headquartered in Salisbury, is working with Salisbury University to develop and commercialize sweet sorghum, a promising crop for producing advanced biofuels.
• Therataxis LLC, located in Baltimore, is working with JHU to develop a technology that models drug distribution within the brain to improve drug intervention for primary brain cancers and central nervous system lymphomas.
• ZGI Inc., located in Stevensville, is working with NASA and the U.S. Department of Agriculture on several projects, including the space-based production of embryonic stem cells.
To date, 132 companies have received TEDCO funding from the tech transfer program and completed their projects ... The $7.9 million invested in these companies has yielded funding from angel and venture investors, federal awards and other resources exceeding $298 million.
Read on at: http://www.marylandtedco.org/_media/pdf/MTTCF011310.pdf
ENJOY!
CC
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