Mentoring With a Difference

The MTC VMS is a program based on the well-established and highly successful MIT Venture Mentor Services Program and provides free mentoring services in a unique team approach to selected young company CEOs. 

The program is focused on companies in the technology and life sciences fields that are preparing to raise their first or second round of venture capital or institutional financing. Entrepreneurs whose applications are accepted will have the opportunity to present to potential mentors.

Potential companies must be committed to the program and led by individuals who work full-time for the business. Prospective members should submit expressions of interest by applying here.

Applicant Criteria:

• Led by an individual or individuals working full time on the business
  »Technology or Life Science Company
  » Demonstrated proof of concept
  » Preparing for first venture capital or institutional round of financing

For more information, please click here https://mdtechcouncil.com/vms/faq/ or contact Pam Lubel at (240) 243-4049.

The Maryland Tech Council Venture Mentoring Services – Connecting Entrepreneurs with Business Experts

The MTC VMS program is focused on companies in the technology and life sciences fields that are preparing to raise their first or second round of venture capital or institutional financing. Entrepreneurs whose applications are accepted will have the opportunity to present to potential mentors at a monthly VMS meeting, after which the VMS will help facilitate the matches.

MTC VMS will provide the mentee with:
» Matching to an appropriate team of mentors
» Guidelines to support the relationship
» Assistance in the ongoing management of meetings

Potential companies must be committed to the program and led by individuals who work full-time for the business. Prospective members should submit expressions of interest by applying here.

Applicant Criteria:
» Led by an individual or individuals working full time on the business
» Technology or Life Science Company
» Demonstrated proof of concept
» Preparing for first venture capital or institutional round of financing

The Maryland Tech Council Venture Mentoring Services – Connecting Entrepreneurs with Business Experts

We are now recruiting mentee companies to participate in the  Maryland Tech Council Venture Mentoring Services (MTC VMS) Program. MTC VMS is based on a team mentoring approach modeled after the highly-successful MIT Venture Mentoring Service which has been implemented in more than 84 communities around the globe.  

FAQ

Who is eligible to participate?
Technical and life sciences companies
•  Led by an individual or individuals working full time on the business
•  With a nexus to Maryland
•  With a demonstrated proof of concept
•  Preparing for their first venture or institutional financing

Is the Mentee Company responsible for any fees?
The available resources of MTC VMS shall be offered without charge to all mentors and mentees

Are there rules or expectations for Mentee Companies?
Mentees who participate in the MTC VMS should understand and are expected to abide by a statement of principles and guidelines

Mentees will sign and acknowledgement and release form.

How do I apply?
To apply, complete and submit the online application. All information provided by applicants will be kept confidential

How does the process work?
Potential mentees whose applications are accepted will have the opportunity to present to potential mentors at a monthly mentor meeting. Members of each mentor team are selected with the Mentee’s concurrence following the presentation. Teams generally meet every 4-6 weeks with potential digital and voice communication between sessions. The approach is very much mentee driven

Meet some of the Mentee Companies Here

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

www.marylandmentoring.org

Mentoring with a Difference

The MTC VMS program is focused on Maryland companies in the life sciences and technology sectors whose CEO’s are preparing to raise their first or second round of venture capital or institution financing and have at least one person working full time on the business. Entrepreneurs interested in applying can learn more at marylandmentoring.org.

KEY STATS

• 60 MENTORS
• 24 Mentee Companies
• $15 Million reported Capital Raised
• 21, 840 Mentor Volunteer Hours
• 200+ Mentor Team Meetings
• 2100+ Management Committee Volunteer Hours

APPLICANT CRITERIA

• Technology or Life Science Company
• Demonstrated proof of concept
• Led by an individual or individuals working full time on the business
• Preparing for first venture capital or institutional round of financing

Congratulations VMS Winners!

Click here to view photos

On May 17, the Maryland Tech Council, along with more than 550 attendees, celebrated the 30^th Annual Industry Awards Celebration.

The best examples of success with the Venture Mentor Service Program –  by the way – all of our mentors and mentee companies are fantastic; picking a few for recognition was virtually impossible – but our recognition went to our Volunteer of the Year and Mentee Company of the Year.

Congratulations to all the winners, including:

VMS Mentee Company of the Year, Remedy Plan Therapeutics
Volunteer of the Year, Lisa Beth Ferstenberg
Innovation for Impact Awards – Gemstone Biotherapeutics and Veralox Therapeutics

From inception we’ve gone from zero to 60 experienced and specially trained mentors and as important, we’ve gone from zero to 26 mentee companies all in the program free of charge to them and benefitting from the advice of our special teams. Among the 26 companies we are proud of their successful efforts at raising more than $15,000,000 in capital so far and adding dozens of FTEs to payrolls in Maryland.

A great and growing program – A special thank you to our longtime partner, Montgomery County Economic Development Corporation, represented at the event by Angela Graham.  In addition to funding, the county has provided a talented marketing team under Warren Ellis to us.  They gave us the content for the new web page and a special thank you to Angela Hongmanivanh, for the design and production. 

We are looking forward to doubling next year and to expanded reach around the state – in fact we just welcomed IES Life Sciences, a young molecular diagnostics company who moved to Maryland for the support of our life sciences community and is head-quartered in Cambridge on the Eastern Shore. 

A warm thank you to all VMS Mentees, Mentors, Managing Committee and Sponsors for a great year and to the MTC staff for a great evening and their continued support.

For more information about the program – visit our website at www.marylandmentoring.org or contact Pam Lubel at 240-243-4049.

To view press release, click here.

HEADS UP
We are excited to announce the launch of our new website, and we are thrilled to have a fresh new look.

Our new site provides visitors with easy access to helpful information about the VMS program and how to apply and is available on any device.

We’d like to thank Montgomery County Economic Development (MCEDC) for their work in the redesign of our campaign and Angela Hongmanivanh for redesign of the website . The team has been amazing and such a pleasure to work with. They have helped incorporate our ideas and specifications to build a site that is dynamic and attractive, with an emphasis on giving back.

The Maryland Tech Council Venture Mentoring Services is a program based on the well-established and highly successful MIT Venture Mentor Services Program.

The program was established in partnership with Montgomery County, but belongs uniquely to the Maryland Tech Council. Specially trained teams of volunteers with expertise in entrepreneurial activity and start-up businesses are matched with carefully selected mentee companies to assist them in becoming successful operation companies.

To learn more, we invite you to visit the new website at www.marylandmentoring.org

Mentoring With a Difference

The Maryland Tech Council Venture Mentoring Services
Connecting Entrepreneurs with Business Experts to Brainpower Success

The ultimate goal is to bring employment opportunities and capital to the technology and life sciences fields by helping new companies grow faster.

The program is focused on and we are looking for companies in the technology and life sciences fields that are preparing to raise their first venture capital or institutional round of financing and led by an individual or individuals who work full-time on the business. 

THE PROGRAM

• Developed at MIT
• Begun 17 Years Ago
• Replicated in 74+ Communities Worldwide
• MTC VMS begun 2016 

MTC VMS KEY STATS

• 26 Mentee Companies – 16 Tech | 10 Life Science
• $5.6M Reported Capital Raised – $2.5M Tech | $3.1M Life Science
• 21,840 Mentor Volunteer Hours
• 210 Mentor Team Meetings
• 2095 Management Committee Volunteer Hours

For more information

www.marylandmentoring.org
(240) 243-4049

January was National Mentoring Month, bringing with it an opportunity to thank our mentors who volunteer their time and share their expertise.  

The Maryland Tech Council Venture Mentor Services thanks its Mentors for their commitment, assistance and knowledge, which they give so very generously. Their contributions are immeasurable.

What a few of our Mentees are saying –

“Better than I hoped”

“Our Mentors and this program are bringing the Bio an Tech communities together”

“Thank you. We love the program”

The Maryland Tech Council Venture Mentoring Service is focused on companies in the technology and life sciences fields that are preparing to raise their first venture capital or institutional round of financing.  Potential mentees are carefully selected and may include individuals whose organization is their first or second venture.

Entrepreneurs whose applications are accepted will have the opportunity to present at the monthly VMS mentor meeting.  Members of each mentor team are selected with the CEO’s concurrence following the presentation.  Teams generally meet every 4-6 weeks with digital and voice communication between sessions.  The approach is very much entrepreneur driven, requiring CEOs to be committed to the program.  

To learn more and apply online, click here or stop by and meet us at the CONNECTpreneur event, February 28^th.

Matching experts from the business community with carefully selected entrepreneurs to create tomorrow’s next success story

The Maryland Tech Council Venture Mentoring Services Program (MTC VMS) was established in partnership with Montgomery County, but belongs uniquely to the Maryland Tech Council. Specially trained teams of volunteers with expertise in entrepreneurial activity and start-up businesses, are matched with carefully selected mentee companies to assist them in becoming successful operating companies.

The ultimate goal of the program is to bring employment opportunities and capital to the area in the technology and life sciences fields by helping companies to grow faster. MTC VMS will provide mentoring services to Maryland tech and life sciences companies with a demonstrated proof of concept that are preparing for their first venture or institutional financing. 

The MTC VMS is focused on companies in the technology and life sciences fields that are preparing to raise their first venture capital or institutional round of financing. Potential mentees are carefully selected and may include individuals whose organization is their first or second venture.

Potential mentee companies must be led by an individual or individuals who work full-time on the business and will be committed to the program and willing to take responsibility for engaging with their mentor team.

Potential entrepreneurs whose applications are accepted will have the opportunity to present to potential mentors at a monthly mentor meeting, after which the VMS will facilitate matches with interested mentors. The VMS team will provide guidelines to support the start-up of the relationship and assist in the ongoing management of the team mentoring meetings.

2017 MTC VMS At-A-Glance

• $5M + Capital Raised
• $45K/month Recurring Revenue
• 60 + Hours/month Volunteer Time
• 12 Monthly Mentor Breakfasts
• 4 Mentee CEO Breakfasts

Apply Here or contact mentor@mdtechcouncil.com for more information.

THE MTC VMS will provide mentoring services to Maryland tech and life sciences companies with a demonstrated proof of concept that are preparing for their first venture or institutional financing.

Meet us February 28^th at CONNECTpreneur Bethesda Forum