TEDCO’s New Women’s Leadership Programs Empower Maryland Entrepreneurs

“Using input from TEDCO’s Task Force for Women Entrepreneurs to develop the foundation for the course, we were able to create a one-of-a-kind program focused on alleviating the challenges that Black women entrepreneurs face,” Linda SingExecutive Director of Women Entrepreneur Leadership at TEDCO.

The leadership program kicks off with a pilot program in Howard County at the Maryland Innovation Center (MIC). The Open Institute for Black Women Entrepreneur Excellence will bring together a cohort of 25 women entrepreneurs, with the goal of developing a network of peer-advisors and creating a collaborative community. HBCUs will determine the needs of these entrepreneurs at the intersection of research, technology transfer and education. from Maryland HBCUs include Bowie State UniversityCoppin State University, Morgan State Universityand the University of Maryland Eastern Shore.

“Recent figures show the continued challenges faced by early-career women entrepreneurs – 2.3% of venture capital funding went to women in 2020, up from a record high of 2.8% in 2019, but 42% of all businesses are owned by women,” said Troy Le Maile-Stovall, CEO of TEDCO. “TEDCO recognizes the need to ensure that all Marylanders, especially women, given that the state has the highest per capita rate of women-owned businesses, are provided with the opportunities and exposure to make their dreams come true. This pilot project with our friends from Howard County represents our commitment to make our dreams come true and access to opportunities for inclusion and wealth expansion materialize.”

To be eligible for the cohort, applicants must be a founder, co-founder, or CEO whose business is at least pre-seed to growth stage and at most pre-Series A. Watch the webinar to learn more about the program by visiting https://youtu.be/LmUSLXU8Egc.

The new program builds on TEDCO’s previous work as it strives to support women and underrepresented entrepreneurs.

In 2016, TEDCO commissioned a study of the demographics of start-ups seeking funding and support from TEDCO in an attempt to identify underserved entrepreneurs. As a result of this study, TEDCO launched the Minority Business Pre-Seed Fund, which eventually became the Builder Fund for start-ups led by entrepreneurs who are at an economic disadvantage.

In 2019, TEDCO went a step further by bringing together its task force for women entrepreneurs. The 12 opinion leaders of the Maryland The entrepreneurial ecosystem has been tasked with identifying and implementing concrete actions to generate results for women entrepreneurs in the state. The task force ended with the recommendation to implement these programs in the state’s entrepreneurial ecosystem.

Learn more about the Women Entrepreneur Leadership Programs and view the call for applications by visiting the website at https://www.tedcomd.com/women-programs.

About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances the growth of economic empowerment by fostering an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in and helps develop technology and life science companies in Maryland. Learn more at www.tedcomd.com.

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Tammi Thomas
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SOURCETEDCO

Mara R. Wilmoth