November 16, 2021

Designed to provide technical and business assistance to underserved early-stage companies in Maryland’s key urban areas

COLUMBIA, Md. (November 16, 2021)—TEDCO, Maryland’s economic engine for technology companies, 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 valuable 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.” Read More