1. TEDCO Programs July 2013

2. Conventional Funding Proof of Concept Product Design Basic Research Research Laboratory Corporate Activity Commercial Launch Public Funding Venture Capital F, F, F, & F Tech Transfer Angels SBIR / STTR

3. TEDCO Programs Proof of Concept Product Design Basic Research Research Laboratory Corporate Activity Commercial Launch F, F, F & FSBIR, TBED & SeedGrants, Corp. R&D Angels & Venture Patent Support $10K Stem Cell Research Fund $110K - $750K Rural Business Innovation $7.5K MD Innovation Initiative $215K Tech Validation $50K Tech Commercialization Fund $100K TEDCO Affinity Fund $500K

4. Maryland Innovation Initiative (MII) – $5.8M in funding (annually) – Foster the transition of promising technologies having significant commercial potential from Qualifying Universities UMCP, UMB, UMBC, MSU, JHU – Site Miners walk the halls for opportunities

5. MII Funding Programs – Phase I - Pre-Commercial Research $100K Faculty – Phase II - Commercialization Planning $15K Faculty or Entrepreneur – Phase III - Early-Stage Development $100K Start-up Company proposal within 12 months of Patent License application Additional funding for a collaboration with multiple universities

6. Tech Validation Program (TVP) – Goal - Increase the number of Maryland academic start-up companies – TVP is for non-MII campuses – University faculty or start-up company applying with the technology licensing office – Funding up to $50K $40K Pre-commercial technology research $10K for commercialization analysis (also federal labs) Order of activity to be project specific – Team - inventor, technology transfer manager, and entrepreneur

7. Patent Assistance Program – Pilot Program – Start-up company support for on going IP expenses paid to university/college – Within 18 months Patent Assistance agreement – Licensing technology from an institution of higher education in Maryland – Up to $10K on a one to one match

8. Technology Commercialization Fund (TCF) – Facilitate the commercialization of technology by Maryland companies – Significant collaboration OR product development required – Projects up to 12 months and up to $100K award Requires a 50% company match (can be In-Kind)

9. Eligibility – Recipient must be Maryland technology based for- profit company Fewer than 16 employees (FTEs) AND – Recipient must be early stage No revenue (Revenue = commercial product sales/services) OR Venture investment no more than $500K total – Meet the significant collaboration requirement

10. Significant Collaboration – Companies engaged in a significant collaboration: Federal Lab, or Academic Institution in Maryland Non-profit research organization Under a license agreement or a research agreement – Companies receiving significant coaching: Incubator companies receiving business assistance (3mo.) Companies receiving RBI2 assistance

11. Rural Business Innovation Initiative (RBI²) – To assist small technology oriented companies in obtaining critical assistance to move their companies to the next stage at no cost to the company – Create economic development by strengthening existing and emerging companies in rural regions of Maryland – To build a technology entrepreneurial community in the rural areas

12. RBI² Assistance – Business assistance (examples) business model or strategy market strategy/analysis and competitive analysis funding opportunities and introductions financial analysis business plan and grant review – Technology assistance (examples) intellectual property prototype development manufacturing problem solving green assessments, etc.

13. RBI² Criteria – Companies must be involved in developing new technologies or utilizing technology to create new businesses – Companies must have less than 16 employees – Annual revenues of less than $1M/year – Age of company not a factor

14. RBI² FY13 Companies 187

15. Regional Representatives Western Maryland Rep. Chuck Ernst 301.491.7034 cernst@tedco.md Southern Maryland Rep. Angela Singleton 410.941.9111 asingleton@tedco.md Northeast Maryland Rep. Debbie Grosh 443.986.2111 dgrosh@tedco.md Lower Eastern Shore Rep. Barry Frey 410.202.8867 bfrey@tedco.md Mid & Upper Eastern Shore Rep. John McQuaid 410.463.0855 jmcquaid@tedco.md

16. TEDCO Capital Partners – TEDCO Affinity Funds Propel Baltimore Fund Veterans Opportunity Fund 1 Orange Knocks Cyber Fund 1 Chesapeake Regional Innovation Fund 1 1-Currently in formation stage

17. Maryland Entrepreneur Resource List – Resource for: Companies to find experienced Entrepreneurs and Mentors Entrepreneurs to find their next business opportunity Entrepreneurs to collaborate and help each other – Registration Open for: Experienced Entrepreneurs Mentors – Available for Viewing by all http://tedco.md/program/maryland-entrepreneurs-resource- list-merl/

18. Entrepreneurial Education – TEDCO Portfolio Workshops & Webinars – TEDCO ICE Awards – Entrepreneur Expo – Achieving the Commercialization of Technology in Ventures through Applied Training for Entrepreneurs (ACTiVATE) – INNoVATE offers 12 months of entrepreneurship and business development leadership training – Eastern Shore Entrepreneurship Center – Veterans Project Opportunity

19. Benefits of TEDCO Funding – Access to business and technical assistance – Access to Venture Capital, angels, and strategic partners – Publicity through TEDCO press releases – Recognition and reputation of state programs – Workshops for TEDCO funded companies only Meet one on one with experts Network with other companies

20. Thank you Robbie Melton Director, Entrepreneurial Innovation Rmelton@tedco.md (410) 715-4164 @femailentrepren www.tedco.md