{"id":17486,"date":"2024-08-15T14:27:04","date_gmt":"2024-08-15T14:27:04","guid":{"rendered":"https:\/\/mpower.maryland.edu\/?p=17486"},"modified":"2024-08-15T20:10:08","modified_gmt":"2024-08-15T20:10:08","slug":"tedcos-maryland-innovation-initiative-mii-announces-recent-investments","status":"publish","type":"post","link":"https:\/\/mpower.maryland.edu\/tedcos-maryland-innovation-initiative-mii-announces-recent-investments\/","title":{"rendered":"TEDCO&#8217;s Maryland Innovation Initiative (MII) Announces Recent Investments"},"content":{"rendered":"\n<p><sub>Photo Credit: TEDCO<\/sub><\/p>\n\n\n\n<p><strong>Published on <a href=\"https:\/\/www.prnewswire.com\/news-releases\/tedcos-maryland-innovation-initiative-mii-announces-recent-investments-302221191.html\">PR Newswire<\/a><\/strong> website   |     <strong>August 13, 2024<\/strong><\/p>\n\n\n\n<p><strong>COLUMBIA, Md., &#8212;&nbsp;<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=1621666602&amp;u=https%3A%2F%2Fwww.tedcomd.com%2F&amp;a=TEDCO\" target=\"_blank\" rel=\"noreferrer noopener\">TEDCO<\/a><\/strong>,&nbsp;Maryland&#8217;s&nbsp;economic engine for technology companies, announced a recent round of investments through its&nbsp;<strong>Maryland Innovation Initiative<\/strong> (<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=3299414578&amp;u=https%3A%2F%2Fwww.tedcomd.com%2Ffunding%2Fmaryland-innovation-initiative&amp;a=MII\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>MII<\/strong><\/a>), marking a significant milestone in promoting the commercialization of groundbreaking research from&nbsp;Maryland&#8217;s&nbsp;prestigious academic institutions.<\/p>\n\n\n\n<p>&#8220;The latest awards highlight the innovative research in university labs with tremendous commercial potential across multiple industries,&#8221; said&nbsp;<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=2208029402&amp;u=https%3A%2F%2Fwww.tedcomd.com%2Fabout-tedco%2Fstaff%2Fabi-kulshreshtha-phd&amp;a=Abi+Kulshreshtha%2C+Ph.D.\" rel=\"noreferrer noopener\" target=\"_blank\">Abi Kulshreshtha, Ph.D.<\/a>, executive director, MII. &#8220;We are excited to continue MII&#8217;s role in advancing&nbsp;Maryland&#8217;s&nbsp;innovation-driven economic development strategy.&#8221;<\/p>\n\n\n\n<p>The fund recently invested&nbsp;$2.1 million&nbsp;into seven companies who are pushing the boundaries of innovation:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=793636037&amp;u=https%3A%2F%2Fstaging.gelectric.co%2F&amp;a=Gelectric+Medical%2C+Inc.\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Gelectric Medical, Inc.<\/strong><\/a>, located in&nbsp;Baltimore, Md., is a&nbsp;<strong><a href=\"http:\/\/umd.edu\">University of Maryland, College Park<\/a><\/strong>&nbsp;(<strong>UMCP<\/strong>) spinout commercializing a reversible soft-tissue suture alternative for intestinal tissue repair: AnastoTape.<\/li>\n\n\n\n<li><strong>Imagining Reality Insights and Solutions<\/strong>, located in&nbsp;Baltimore, Md., is a UMCP spinout commercializing IRIS Reads, an XR based reading intervention app for children with dyslexia and other struggling readers.<\/li>\n\n\n\n<li><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=1389134234&amp;u=https%3A%2F%2Fwww.reversaltherapeutics.com%2F&amp;a=Reversal+Therapeutics\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Reversal Therapeutics<\/strong><\/a>,&nbsp;located in National Harbor, Md., is a UMCP spinout commercializing a new therapeutic to address drug misuse and addiction.<\/li>\n\n\n\n<li><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=953757911&amp;u=https%3A%2F%2Fbwtech.umbc.edu%2Fflexicharge-powering-wearable-devices-with-body-heat%2F&amp;a=FlexiCharge%3A+Harnessing+Human+Energy+to+Power+Wearable+Devices\" target=\"_blank\" rel=\"noreferrer noopener\">FlexiCharge: Harnessing Human Energy to Power Wearable Devices<\/a>,&nbsp;located in&nbsp;Ellicott City, Md., is a&nbsp;University of Maryland, Baltimore County&nbsp;spinout developing technology to power wearable devices with body heat.<\/li>\n\n\n\n<li><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=3716465217&amp;u=https%3A%2F%2Fwww.usplasma.com%2F&amp;a=US+Plasma\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>US Plasma<\/strong><\/a>, located in&nbsp;College Park, Md., is a UMCP spinout that is working to electrify manufacturing and synthesis of new materials with minimal to negative carbon emission.<\/li>\n\n\n\n<li><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=833321198&amp;u=https%3A%2F%2Frelai.ai%2F&amp;a=Relai.ai\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Relai.ai<\/strong><\/a>, located in&nbsp;Bethesda, Md., is a UMCP spinout that enhances the reliability of AI models.<\/li>\n\n\n\n<li><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=2980836019&amp;u=https%3A%2F%2Fnew-copper.com%2F&amp;a=New+Copper\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>New Copper<\/strong><\/a>, located in&nbsp;College Park, Md., is a UMCP spinout enabling 3D printed electronics through a conducting technology using recycled copper.<\/li>\n<\/ul>\n\n\n\n<p>Start-up companies joining TEDCO&#8217;s MII portfolio have access to a variety of TEDCO resources including mentor opportunities and CEO roundtables to loaned executives. A complete list of funded companies can be found on the&nbsp;<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=1545957498&amp;u=https%3A%2F%2Fwww.tedcomd.com%2FMII&amp;a=MII+website\" rel=\"noreferrer noopener\" target=\"_blank\">MII website<\/a>.<\/p>\n\n\n\n<p><strong>MII&#8217;s Funding Opportunities<\/strong><\/p>\n\n\n\n<p>The MII program, administered by TEDCO (the Maryland Technology Development Corporation), was created as a collaboration between the&nbsp;State of Maryland&nbsp;and five leading academic research institutions\u2014Johns Hopkins University,&nbsp;Morgan State University,&nbsp;University of Maryland, Baltimore,&nbsp;University of Maryland, Baltimore County, and&nbsp;University of Maryland, College Park\u2014 that aims to leverage each institution&#8217;s strengths to transition promising technologies into the commercial sector.<\/p>\n\n\n\n<p>&#8220;We are excited to see the research and development taking place in our university laboratories,&#8221; said&nbsp;<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=2317815042&amp;u=https%3A%2F%2Fwww.tedcomd.com%2Fmaryland-innovation-initiative-board&amp;a=Ren%C3%A9e+Winsky\" rel=\"noreferrer noopener\" target=\"_blank\">Ren\u00e9e Winsky<\/a>, MII board chair. &#8220;These seven investments highlight the diverse array of innovative minds we have in&nbsp;Maryland&#8217;s&nbsp;university laboratories, and we are committed to supporting their continued growth. With the appointment of Abi as the MII executive director, we are confident that this initiative will continue driving innovation from the lab to the commercial market.&#8221;<\/p>\n\n\n\n<p>In addition to investments, MII provides grant opportunities, through two phases of awards: Technology Assessment and Company Formation. The Technology Assessment phase is outlined as a nine-month project that focuses on technology validation and market assessment, while the Company Formation phase supports the commercial launch of technologies. This structure is designed to support the full commercialization journey, from lab to market. These two phases&nbsp;<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4232103-1&amp;h=2961526114&amp;u=https%3A%2F%2Fwww.tedcomd.com%2Fnews-events%2Fpress-releases%2F2024%2Fprogram-updates-unveiled-tedcos-maryland-innovation-initiative&amp;a=recently+underwent+changes\" rel=\"noreferrer noopener\" target=\"_blank\">recently underwent changes<\/a>&nbsp;to enhance the current support MII offers.<\/p>\n\n\n\n<p>Since inception, MII has expanded its reach to include two additional comprehensive universities,&nbsp;Frostburg State University&nbsp;and&nbsp;Bowie State University, as part of the MII Pilot Programs. This initiative aims to foster innovation and bring more research to the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>6 UM Ventures startups to benefit from $2.1M investment to advance innovations from lab to market in MD<\/p>\n","protected":false},"author":160,"featured_media":17487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[196,11,20],"tags":[],"class_list":["post-17486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-in-the-press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TEDCO&#039;s Maryland Innovation Initiative (MII) Announces Recent Investments - MPower Maryland<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mpower.maryland.edu\/tedcos-maryland-innovation-initiative-mii-announces-recent-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TEDCO&#039;s Maryland Innovation Initiative (MII) Announces Recent Investments - 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