Maryland Venture Fund

Maryland Venture Fund is an early-stage, evergreen venture capital program administered by the Maryland Technology Development Corporation (TEDCO) in Columbia, Maryland, that makes direct equity and seed-stage investments in technology and life sciences companies headquartered in Maryland to support growth, commercialization, and job creation. The Fund deploys capital into seed and early rounds—typically ranging from initial Challenge Investments of $50 K–$150 K up to direct equity investments of about $500 K–$1.5 M—with a sector focus that includes software, communications, IT security, medical devices, diagnostics, and therapeutics, and also participates indirectly through venture limited partnerships. Created from state economic development initiatives to foster innovation and private capital leverage within Maryland, the Fund aims to partner with founders and co-investors to scale companies and advance entrepreneurial ecosystems statewide. It is part of TEDCO’s broader suite of investment and commercialization programs that encourage technology development and attract co-investment into Maryland’s startup landscape.