TEDCO Social Impact Funds
TEDCO Social Impact Funds invest in Maryland technology startups led by economically underserved founders and communities.
About this program
TEDCO Social Impact Funds use Maryland SSBCI support to invest in economically underserved Maryland startup founders and communities. The Pre-Seed Builder Fund and Inclusion Fund provide investment capital and executive support for pre-seed and early-stage technology companies that meet Maryland location, workforce, ownership, and disadvantage criteria. Opportunities are assessed on an ongoing basis, and TEDCO notes that Social Impact Funds can invest up to $750,000 in a single deployment.
Eligibility
Maryland pre-seed or early-stage technology startups with at least one full-time employee and required ownership or control by founders demonstrating economic or social and economic disadvantage.
Requirements
- Company must have its principal place of business in Maryland for the Pre-Seed Builder Fund.
- Company must have at least one full-time employee.
- More than half of the workforce must be based in Maryland for the Pre-Seed Builder Fund.