News & Announcements
DEADLINE 4/15: Apply Now for Investments from TEDCO's Life Science Investment Fund
February 24, 2016
Applications For TEDCO’S Life Science Investment Fund Now Being Accepted
Applications for the Maryland Technology Development Corporation’s (TEDCO) Life Science Investment Fund are being accepted now through April 15.
The Life Science Investment Fund (LSIF) was previously managed by the former Department of Business and Economic Development under the name Biotechnology Commercialization Award. It was one of the programs that was transferred to TEDCO on October 1, 2015 along with Maryland Venture Fund, following the enactment of legislation passed during the 2015 General Assembly. This legislation was initiated by the Augustine Commission in an attempt to consolidate the State’s efforts to provide seed/early-stage business investment.
Under TEDCO’s management, the LSIF has been redesigned to specifically meet the needs of Maryland companies which are developing products that address human health concerns and require approval from the U.S. Food and Drug Administration (FDA) for commercialization.