TEDCO, Maryland’s economic engine for technology companies, announced its Pre-Seed Builder Fund invests $450,000 in eight companies. These companies represent various industry sectors from medical devices to B2B SaaS providers.
TEDCO’s Builder Fund was created to financially and operationally support the development of startup companies run by entrepreneurs who demonstrate a socially or economically disadvantaged background that hinders access to traditional forms of capital and executive networks at the pre-seed stage. Companies selected for the Builder Fund qualify for investment and/or executive support to better position the company to receive follow-on, professional investment.
The Builder Fund’s FY2020 cohort includes:
- PerSoN Clinic
- Pet Connect
The Builder Fund is unique in that it employs a next generation early-stage start-up development process. The program recruits established, senior executives to team up with companies to expand strategy and implementation capacity within the company. Builder Fund Team Executives work alongside companies to hit key milestones and help companies build sustainably.
To learn more, visit the TEDCO website.