The Maryland Technology Development Corp. plans to launch its first venture capital fund later this year.
Tedco’s goal is to create a pool of money — between $50 million and $100 million — to back early-stage Maryland companies, said Robert Rosenbaum, Tedco’s president and executive director. Rosenbaum expects to begin recruiting institutional investors and wealthy individuals for the fund starting in mid-2011. His goal is for the fund to make its first investment by January 2012.
To read the full, original article click on this link: Md. Tedco plots new $50M venture fund | Baltimore Business Journal
Author: Gary Haber
