Maryland Technology Development Corp. has tapped an interim leader for the Maryland Venture Fund, which was the subject of a damaging state audit report and subsequent reform legislation earlier this year.
Elizabeth Good Mazhari has been named the interim managing director of TEDCO’s Maryland Venture Fund or MVF. The appointment comes as TEDCO is finalizing new governing regulations that it hopes will meet legislators' expectations of how it should be distributing state funds to Maryland startups. New investments through the MVF have been halted since June, while TEDCO enacts legislative-directed reforms and works to fill executive positions left open by a slew of recent resignations. Former MVF Managing Director Andy Jones announced his departure from TEDCO in May.