TEDCO names new chief executive

The Maryland Technology Development Corp. has tapped as its new chief executive an investor with a track record of leading Baltimore-area startup companies.

George Davis will take over as chief executive officer of TEDCO on June 26. As CEO Davis will oversee TEDCO's entrepreneurship programs and investment funds, which support companies at various stages of development.

"He's an entrepreneur's entrepreneur," said TEDCO Chairman Newt Fowler, in a statement. "And he will execute on Governor Hogan's strong priority of supporting small businesses, including tech startups, as the foundation for improving Maryland's economy."

In 2013, Davis co-founded Gemstone Therapeutics, a research and development company built on technology from Johns Hopkins University. He also serves as the company's CEO. He will resign from the company to take on his new role with TEDCO.

Davis has also worked as a partner at Gamma3 LLC, a Baltimore-based investment group that backs early-stage companies, including Gemstone.

TEDCO reorganized its leadership roles after former president and CEO Rob Rosenbaum stepped down in January 2016.

John Wasilisin has been serving as president and chief operating officer since then.

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