TEDCO, Maryland’s economic engine for technology companies, announced a recent $750,000 State Small Business Credit Initiative (SSBCI) investment into EcoMap Technologies. This SSBCI investment came through TEDCO’s Seed Funds.
“Ecosystems often remain invisible, making accessing their valuable resources difficult. At EcoMap, we believe this information should be visible and accessible,” said Sherrod Davis, CEO of EcoMap Technologies. “Thanks to TEDCO’s investment, we can continue our mission to do just that.”
EcoMap Technologies, Inc., based in Baltimore, Md., is focused on building data aggregation platforms that allow users to navigate novel datasets the company collects and owns. Their proprietary algorithms help to transform unstructured data into detailed datasets that can be categorized and monitored; this process allows for cost-effective and efficient solutions. Additionally, EcoMap offers a variety of options to support ecosystems of all sizes, from higher education ecosystems to entrepreneurial communities to industry and sector ecosystems.
“Through the curated data about activity and resources, EcoMap is innovating how we see and interact with the ecosystems around us,” said Teddy Gresser, TEDCO’s director, Seed Funds. “Through their efforts to create more visibility, EcoMap is working to help ecosystems thrive—a mission that is similar to our own at TEDCO.”
Anyone looking to apply for their first investment from TEDCO Seed Funds must have started operations within seven years from the date of the application and investment. Click here for Seed Fund FAQs.
TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. For entrepreneurs interested in applying for TEDCO funding opportunities, visit https://www.tedcomd.com/funding.
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.