Eight months after Maryland Technology Development Corp. halted investments through some of its funds, the state-backed organization announced Friday it is ready to accept new applications from startups seeking investment.
TEDCO has launched a new online application process for several of its funding programs: the Rural Business Innovation Initiative, Builder Fund, Seed Fund and Maryland Venture Fund (MVF). New investments through these programs have been on hold since June, while TEDCO has enacted legislature-directed reforms prompted by a damaging audit report aimed particularly at the MVF.