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TEDCO announces Urban Business Innovation Initiative

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The Maryland Technology Development Corp. (TEDCO) announced the launch of a new program called the Urban Business Innovation Initiative (UBII). It’s designed to provide technical and business assistance to underserved early-stage companies in the state’s key urban areas.

The program will provide connections to entrepreneurs through its collaborative partners’ resources and funding, guidance in developing technologies for commercialization, and general business assistance for continuous growth.

Support provided to entrepreneurs through the UBII program includes I-Corps, UBII project funding, the Builder Fund, partner programs, and other critical pathways to funding, education and guidance. UBII also features an experienced venture growth advisor in Prince George’s County, Tiffany Davis, and Baltimore City, Tammira Lucas, facilitating connections for entrepreneurs to the collaborative partners.

“With our well-established Rural Business Innovation Initiative (RBII), we’ve seen many entrepreneurs benefit from the support of our mentors,” said Troy LeMaile-Stovall, TEDCO CEO. “Building off the RBII model, we wanted to expand our focus to the entrepreneurs in some of our key urban areas of the state. Through our venture growth advisors, we are able to develop more partnerships and connections from Maryland’s resources to its entrepreneurs and continue our focus of knitting together the state’s ecosystem for a more sustainable future.”

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Current collaborative partners in Prince George’s County include:

  1. Bowie Business Innovation Center (Bowie BIC)
  2. Bowie State University
  3. Employ Prince George’s
  4. Maryland Energy Innovation Accelerator
  5. Maryland Entrepreneur Hub
  6. Prince George’s County Economic Development Corporation
  7. Prince George’s Community College
  8. Small Business Development Center – Maryland (SBDC)
  9. TEDCO
  10. University of Maryland

Current collaborative partners in Baltimore City include:

  1. Abell Foundation
  2. Baltimore Development Corporation
  3. Baltimore Community Lending
  4. Baltimore Together
  5. Baltimore Tracks
  6. City of Baltimore
  7. Conscious Venture Labs
  8. Coppin State University
  9. Economic Alliance of Greater Baltimore
  10. Goldman Sachs
  11. Hutch
  12. Innovation Works
  13. Maryland Entrepreneur Hub
  14. Morgan State University
  15. Open Works
  16. Robert Wallace
  17. SBDC Maryland
  18. TEDCO
  19. University of Baltimore
  20. UpSurge Baltimore

“Our venture growth advisors and collaborative partners are key to the growth of this program,” said Jack Schammel, assistant director, RBII and UBII. “Entrepreneurs need more resources and funding, and this program is designed to make these connections easier.”

Startups or interested collaborative partners should connect with a venture growth advisor or visit www.tedcomd.com/resources/urban-business-innovation-initiative for more information. To meet venture growth advisors and find out more about the program, watch the UBII Open Forum on TEDCO’s YouTube Channel at https://youtu.be/aWwXMAUmd6I.

 

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