TEDCO announced today its Maryland Innovation Initiative (MII) program has awarded $18 million to more than 180 commercialization projects and 45 start-up companies since its inception in late 2012. Awards were given across a variety of industries, including therapeutic, software, medical devices and engineering.
“MII is the only program in Maryland that supports the transition of technology from the academic research laboratory through product development to commercialization in a start-up company,” says John Wasilisin, President and COO. “The program has been a game changer for innovators at Maryland’s research universities to take the next step in becoming entrepreneurs.”