Maryland Tech Council Venture Mentoring Services (MTC VMS) is a program based on the well-established and highly successful MIT Venture Mentor Services Program. Five Maryland business community leaders were trained in team mentoring at MIT and lead the development and delivery of this program in Maryland.
MTC VMS provides free mentoring services in a unique team approach to selected young company Executive Leaders. Mentors are carefully selected successful entrepreneurs and specialists in key business services that young companies need. They are specially trained to teach through asking questions and to provide perspective that leads the entrepreneur to achieve their own goals and to do their own work. Mentors meet regularly to select the mentee companies, analyze issues and trends and, in general, form connective tissue within the community from shared experiences and a growing eco-system.
Entrepreneurs and their mentee companies are accepted into the program without a termination point. As the companies evolve, the teams evolve to address the pragmatic growth issues facing the companies. Success is not measured by graduation, but rather in terms of growth for the companies and the community. The mentee companies must be connected in some way to Maryland and must have a technology or life science related product or service with more than a proof of concept and at least one FTE.
Quick Facts:
- 33 Enrolled Mentee Companies
- 11 Active Mentee Companies
- 60 Trained Mentors
- $15M+ Capital Raised
- 4800 Volunteer Hours