State & Local News
TEDCO Awards SBIR/STTR Matching Funds in Maryland
March 12, 2026
TEDCO, Maryland's technology development corporation, awarded a total of $371,875 in SBIR/STTR Matching Funds to seven Maryland-based companies in March 2026. This program supplements federal SBIR/STTR awards to support commercialization and business growth within the state, reinforcing Maryland's strong position in federal technology transfer and innovation. The funding aims to accelerate the development and market readiness of emerging technologies from local small businesses.
- Why this matters: Procurement professionals and contractors in Maryland should recognize the enhanced funding opportunities available through TEDCO's matching program, which can increase the total award value beyond federal SBIR/STTR grants.
- Companies engaged in technology development and commercialization can leverage this program to strengthen their federal awards and expand business growth.
- The program highlights Maryland's leadership in federal tech transfer, indicating a robust ecosystem for innovation-driven procurement opportunities.
- Organizations should consider engaging with TEDCO and similar state-level programs to maximize funding and partnership potential in technology commercialization.
With more than 70 federal laboratories across the state, it is no surprise that Maryland holds the number one ranking for Federal Tech Transfer facilities and ranks ninth in the country for amount of SBIR awards.
— Troy LeMaile-Stovall, CEO, TEDCO
We are excited to be able to offer the new round of the SBIR/STTR Matching Funds program to strengthen awards received and support business growth.
— Julia Deng, Director, SBIR Programs
Agencies
Maryland Technology Development Corporation
Vendors
AI Sense, HBVtech, Marvel AI LLC, ImmunoBlue LLC, GoVoBo
Contracts
$371,875