If you're a BaltTech reader, some of these tech companies that have gotten state funding to help build their businesses might be familiar to you. Below, you'll spy the latest crop of companies to get some money from TEDCO, a quasi-state agency that helps seed new tech businesses in Maryland, with a focus on commercializing technology that comes out of university labs.
TEDCO officials note that the funds were given to companies that represent a wide range of industries, including: biotechnology, education, food, medicine and disease treatment, fitness, environmental innovation and entertainment.
TEDCO says it's given funding to 160 companies totaling over $11 million.
From TEDCO: "These companies have gone on to receive downstream funding from angel and venture investors, federal awards and other resources exceeding $488 million. This is a leverage of the State’s investment through TEDCO of $43 to $1 for a program designed to foster greater collaboration between businesses, Maryland universities and federal laboratories in order to bring technology into the marketplace."
The companies in the latest round of investment are:
* Assay Biomarker, Inc., $75,000
* Circulomics, Inc., $75,000
* Curiosityville LLC, $75,000 [Sun blog]
* Foodem.com, $75,000 [Sun blog]
* GlycoPure, Inc., $75,000
* KYDES Pharmaceuticals LLC, $75,000
* Nexercise, Inc., $75,000
* OTraces, Inc., $75,000
* Smart Imaging Systems, Inc., $75,000
* Subject7 LLC, $75,000
* Tocreo Labs LLC, $75,000
* Unbound Concepts LLC, $75,000 [Sun article]
* ViiNetwork, Inc., $75,000
* Woofound, Inc., $75,000 [Sun article]
* Emerald Sky Technologies LLC, $74,885
* rel-MD, Inc., $46,000