Following a few months of organizational uncertainty — and despite an ongoing global crisis — Maryland Technology Development Corporation (TEDCO)’s Seed Fund is back to making investments in local startups.
Bethesda, Maryland’s NewConnect and Baltimore’s BullFrog AI each received a $200,000 investment from the Columbia, Maryland-based fund last month.
Launched in 2013, NewConnect provides high-speed internet access to commercial buildings and enterprises throughout the DMV region. BullFrog AI is a three-year-old biotech startup that developed an artificial intelligence platform for clinical-stage drug development.
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