Access to capital can be a major roadblock for many founders and startups in the earliest stages of running their business, particularly so for diverse founders and manufacturing startups. Fortunately, a number of programs and funds provide Maryland founders and startups with the seed capital to execute mission-critical tasks like protecting intellectual property assets and building a portfolio. Here are a few resources to help early-stage startups secure capital:
The Maryland Technology Development Corporation - TEDCO - offers the following programs to support early-stage technology-based startups and small businesses:
MIPS provides matching funds to help Maryland companies pay for the university research. Projects are initiated by the companies to meet their own research and development goals. MIPS awards up to $90,000 to startup firms per project. Learn more about this program and eligibility here.
The Maryland Small Business Development Financing Authority (MSBDFA) administers programs targeted to businesses owned by economically and socially disadvantaged entrepreneurs. The following programs are administered by MSBDFA and funded by the Maryland Department of Commerce.
Additionally, the Military Personnel and Veteran-Owned Small Business Loan Program offers no-interest loans to veteran-owned business and other businesses who hire veterans.
Learn details about programs and eligibility here.
At Tinch Law, reimagining intellectual property encompasses reimagining who leads successful startups and runs successful companies. We primarily support clients by protecting their intellectual property assets, but that’s not all we do. Schedule a consultation to learn how we can support you and your business.
J. Greg Tinch - Founder and Principal of Tinch Law Firm, P.C. - is a patent attorney helping clients realize wealth and legacy in their ideas. Greg has counseled clients from early-stage startups to the federal government on patents, trademarks, copyrights, and transactional and entity formation aspects of business law. Greg's intellectual property practice is informed by his interest in public policy, experience working in Congress and litigating civil cases in Maryland.