The Maryland Technology Development Corporation (TEDCO), celebrated the funding of its 200th company. American Dynamics Flight Systems (ADFS) in Jessup, Md., which received $75,000 from TEDCO's NAVAIR Technology Insertion (NAVTI) program was lucky No. 200. Over the course of TEDCO's 12-year history, the organization has provided more than $8.5 million in funding to Maryland businesses through its signature Maryland Technology Transfer and Commercialization Fund (MTTCF), which makes up over 75 percent of TEDCO's portfolio.
"TEDCO's has done an outstanding job in making Maryland one of the premier locations for technology-based economic development, bringing high-skilled, high-paying jobs to Maryland," says Senator Benjamin L. Cardin. "Today, I join TEDCO as it features its 10 most innovative companies and celebrates the funding of its 200th company, American Dynamic Flight Systems. TEDCO understands the importance of nurturing high-tech companies with the capital they need to succeed so that we can ensure good paying jobs for Marylanders."
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Author:bmoremedia.com
