One of Maryland’s most active early-stage investors, the Technology Development Corp. , or TEDCO, has restructured some of its existing programs and added others in hope of funneling more money to the state’s upstarts.
Created by the Maryland General Assembly in 1998, TEDCO has almost exclusively invested state money to date. That will change under its new programs, which include a series of investment funds backed by private financiers.
TEDCO President and Executive DirectorRobert Rosenbaum said the changes come after the organization’s leaders observed disconnects between the current market for venture capital and their own investment vehicles.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
I wonder how much the high ups at TEDCO make on the taxpayer dollar then dole out pennies to small business.
Post a Comment