$2.1M invested in seven companies to advance innovations from lab to market in Maryland COLUMBIA, Md. , Aug.
13, 2024 /PRNewswire/ -- TEDCO , Maryland's economic engine for technology companies, announced a recent round of investments through its Maryland Innovation Initiative ( MII ), marking a significant milestone in promoting the commercialization of groundbreaking research from Maryland's prestigious academic institutions. "The latest awards highlight the innovative research in university labs with tremendous commercial potential across multiple industries," said Abi Kulshreshtha , Ph.D.
, executive director, MII. "We are excited to continue MII's role in advancing Maryland's innovation-driven economic development strategy." The fund recently invested $2.
1 million into seven companies who are pushing the boundaries of innovation: Gelectric Medical, Inc. , located in Baltimore, Md. , is a University of Maryland, College Park (UMCP) spinout commercializing a reversible soft-tissue suture alternative for intestinal tissue repair: AnastoTape.
Imagining Reality Insights and Solutions, located in Baltimore, Md. , is a UMCP spinout commercializing IRIS Reads, an XR based reading intervention app for children with dyslexia and other struggling readers. Reversal Therapeutics , located in National Harbor, Md.
, is a UMCP spinout commercializing a new therapeutic to address drug misuse and addiction. FlexiCharge: Harnessing Human Energy to Power Wearable Devices , located in Ellicot.