Maryland is doubling down on its commitment to inclusive entrepreneurship—and it’s not just talk.
The state’s leading tech development agency, TEDCO, has just added a new player to the mix as it continues to build a more diverse and thriving innovation economy.
The latest news? TEDCO has selected Collide Capital, a rising star in the venture capital world, to help manage and invest up to $10 million from a federal small business initiative.
This move signals a continued push to support underserved founders and early-stage startups that are often overlooked by traditional investment routes.
Collide Capital Brings Experience and Diversity to the Table
Collide Capital isn’t just another VC firm—it’s a Black-owned fund with a mission to level the playing field.
With $66 million under management, the firm has already invested in over 50 early-stage companies, with a strong emphasis on underrepresented founders.
More than 80% of those they back identify as Black, Latine, and/or female.
But Collide doesn’t stop at just cutting checks.
Their approach is hands-on, providing not just capital, but also networks, mentorship, and real strategic guidance to help founders navigate the startup world and scale their businesses sustainably.
TEDCO’s Expanding Role in Maryland’s Startup Landscape
TEDCO—short for Maryland Technology Development Corporation—has become a cornerstone of the state’s economic development.
Through various funding channels, it supports the launch and growth of technology and life sciences companies across Maryland.
Backed by a $50 million boost from the U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI), TEDCO is channeling resources into several funding streams: Venture Funds, Seed Funds, Social Impact Funds, and a $10 million set-aside for its Venture Capital Limited Partnership (VCLP) Equity program.
With Collide Capital now joining 100KM Ventures and AIN Ventures as selected fund managers, the momentum is building toward a more diverse, well-funded startup ecosystem in the region.
What’s Next for Maryland’s Startup Future?
With this expanded access to capital and a deliberate focus on equity and inclusion, Maryland’s innovation scene is set for a major transformation.
More diverse founders will get the resources they need, and more early-stage ventures will have a real shot at long-term success.
TEDCO’s latest move underscores a broader mission: to ensure that Maryland is not only a tech hub but also a model for inclusive growth.
So the real question is—who’s launching the next big thing, and how can they tap into this growing wave of support?