COLUMBIA, Md. (September 28, 2023) –TEDCO, Maryland’s economic engine for technology companies, announced a recent $200,000 Seed Funds investment into AGED Diagnostics, a biotechnology company. Previously, AGED Diagnostics received a $250,000 investment from TEDCO’s Builder Fund, a funding opportunity that is under the umbrella of our Social Impact Funds.
“1 in 3 Americans have liver disease, but many remain unaware of it until the disease progresses to a stage when it is no longer curable, patient outcomes are poor and/or healthcare costs are burdensome,” said Rachel Zayas, CEO of AGED Diagnostics. “Thanks to TEDCO’s investment we are able to continue our research and development, working towards a future where liver disease can have early detection.”
AGED Diagnostics, based in North Bethesda, Md., is a biotechnology company working to create an early detection and intervention solution for liver disease. Using genomic innovation, the company is working to create a more accurate blood test for liver disease. With this solution, physicians could keep patients in a monitoring program, helping to reduce financial burdens and improve patient outcomes.
“With a possible solution to support early detection of liver disease, patients are more likely to find more cost-efficient and successful outcomes,” said Teddy Gresser, director of TEDCO’s Seed Funds. “TEDCO’s investment in AGED Diagnostics is an investment in the health of each individual; we are happy to be a part of AGED Diagnostics’ journey and research.”
TEDCO’s Seed Funds invests in companies that show promise of becoming venture fundable companies or are companies that, through a seed investment, will be sustainable through customer revenue, follow-on funding, or other forms of corporate venture. For more information or to apply to TEDCO’s Seed Funds, click here.
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Tammi Thomas, Chief Development & Marketing Officer, TEDCO