TEDCO Seed Funding for Technology Development TEDCO BioInformatics ~ March 4, 2009 Ronald W. Kaese

Technology Transfer Mission Technology-based economy in Maryland Outreach Project development Companies & labs achieve mutual objectives

Technology Transfer Projects Focused collaboration technology development public lab & private company TEDCO defray a portion of the costs Company and its technology mature Find continuation funding

ProjectCapitalFunds $ $ $ BasicResearch Proof of Concept Feasibility Testing ProductDesign Product/ServiceDevelopmentProject Public Laboratory Company PublicFunding Angels Venture Capital $ $ SBIR Funding Opportunities Outside Maryland The Valley of Death

ProjectCapitalFunds $ University Technology Development Fund $ $ $ BasicResearch Proof of Concept Feasibility Testing ProductDesign Product/ServiceDevelopmentProject Public Laboratory Company PublicFunding TechStart $ Techbridge $ $ Maryland Stem Cell Research Fund Rural Business Initiative

ProjectCapitalFunds $ $50K $ $ $ BasicResearch Proof of Concept Feasibility Testing ProductDesign Product/ServiceDevelopmentProject Public Laboratory Company PublicFunding $15K $ Techbridge $ $ $110K / $230K / $1.5M $10K

Maryland Technology Transfer Fund (MTTF) Facilitate tech transfer between Maryland Universities or Federal Labs and Maryland Companies Maximum award amount is $75,000

MTTF Success Criteria Achieve technical/budget/schedule milestones Finding continuation funding 119 companies completed MTTF projects (1/1/09) >$38:1 leverage Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

MTTF Eligibility Recipient must be Maryland business Principle Place of Employment = Maryland Fewer than 16 employees OR University/fed lab spin-out less than 5 years prior to proposal Recipient must be early stage OR No revenue OR No venture investment

Johnson & Johnson Joint Investment Program Transformational medical technology Interests of J&J Maximum award is $150,000 MTTF process

Benefits of TEDCO Funding Access to business and technical assistance Access to Venture Capital, Angels, and strategic partners (e.g. Johnson & Johnson) Publicity through TEDCO press releases Recognition and reputation of state programs Workshops for TEDCO funded companies

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