Home Business News New chief investment officer to lead TEDCO’s investment activities

New chief investment officer to lead TEDCO’s investment activities

315

TEDCO, Maryland’s economic engine for technology companies, has announced the appointment of Jack Miner, an experienced entrepreneur, venture creation expert and economic development specialist, as the chief investment officer. He will lead TEDCO’s investment activity through the Builder, Seed and Maryland Venture funds.

Before joining TEDCO Miner was the managing director for Cleveland Clinic Ventures, where he oversaw a team focused on its portfolio companies and led efforts to spin off new companies. Miner’s team played a pivotal role in developing funding strategies, technology roadmaps and business models for its portfolio companies.

Miner has also served as director of the Venture Center at University of Michigan (UM) Tech Transfer. At UM, he launched more than 50 startup companies and worked with a portfolio of more than 300 emerging technologies spanning all industries. Companies from the Tech Transfer portfolio raised billions of dollars over the years, with $700 million in venture capital invested under his leadership.

TEDCO has a diverse portfolio of more than 400 investments and has leveraged more than $1 billion in follow-on venture capital investment in the portfolio of companies supported; and more than 7,800 jobs created at an average salary of $74,700.

Advertisement