THE STATE OF THE START-UP A LETTER FROM THE TOP For 20 years, TEDCO has provided entrepreneurs with the resources, connections, and mentoring they need to succeed, contributing to a culture of innovation in the State. Building a thriving entrepreneurial ecosystem requires an array of successful programs, transformational leadership, and a compelling narrative that is shared by members of the ecosystem and valued by external partners. Maryland is a national entrepreneurial and innovation force thanks to the talent and promise of Maryland companies and its world- class scientific institutions and universities. And then there is TEDCO. We are nationally known as more than a seed/early-stage funding resource—we are the hub of Maryland’s entrepreneurial ecosystem, where start-ups find mentors, funding, organizational assistance, facilities for daily operations and a roadmap for success.

TEDCO funds, supports and advises more than 100 Maryland start-up companies and entrepreneurs each year. After another inspirational fiscal year, TEDCO has continued to build on past accomplishments through innovation, much like the companies we serve. Inside this report, you will learn firsthand just how many resources TEDCO invests into making Maryland a premier location for innovation, entrepreneurship and company formation. Find out more about the Incubation Challenge, a competition geared towards encouraging collaborations and bringing new programs to Maryland entrepreneurs, and the Minority Business Pre-Seed Fund, a pilot program for African-American entrepreneurs in Maryland.

We’ve come a long way since our inception in 1998, with our funding opportunities, and educational and networking events allowing us to support more job creation and start-up companies than ever before. As much as we do, however, TEDCO does not forge the path alone. Many others contribute to our innovation community, ranging from legislatively- created boards and commissions, universities, incubators, angel investors, non-profits and numerous public agencies.

We are honored to lead TEDCO, an organization built with the guidance of our volunteer board of directors and the dedication of our talented staff. We take great pride in supporting and invigorating the pulse of Maryland’s entrepreneurial community and sharing our insights. With your support, we look forward to continuing to discover, invest in, and help build great Maryland based technology companies.

Sincerely,

Francis Smyth George Davis Chair, Chief Executive Officer TEDCO Board of Directors

1 The State of the Start-Up 2018 OUR MISSION Enhance economic development growth through the fostering of an entrepreneurial and innovation ecosystem. Discover, invest in, and help build great Maryland-based technology companies. OUR VISION TEDCO will be the recognized leader for supporting entrepreneurial and innovation development while being the critical central hub of Maryland’s innovation ecosystem.

This will be accomplished by administering an integrated platform of success-based programs that support advanced technology development and commercialization from research through company formations and growth.

We will collaborate with best-in-class partners and be inclusive of minorities, women and veterans throughout Maryland.

We will establish and maintain an investment philosophy that supports both economic development goals and meaningful returns for our stakeholders, and we will help build great Maryland-based companies that grow and last.

OVER OVER $200M $144M

IN FOLLOW-ON INVESTMENT AND 436 GRANTS HAVE BEEN RECEIVED BY COMPANIES FUNDED BY COMMITTED THROUGH THE MARYLAND INNOVATION INITIATIVE MD STEM CELL RESEARCH FUND $1.6B IN 2018

OVER OF ECONOMIC IMPACT OVER 7,800 IN MARYLAND $67M

JOBS SUPPORTED GENERATED IN-STATE AND THROUGH TEDCO FUNDING LOCAL TAX REVENUE ANNUALLY

OVER CONTRIBUTED BY MARYLAND VENTURE FUND COMPANIES $50M IN FEDERAL TAX REVENUE tedcomd.com 2018 2 2018 YEAR IN REVIEW

Since 1998, TEDCO has played a critical and effective role in the innovation and entrepreneurial ecosystem in Maryland. And fiscal year 2018 was an inspirational year for TEDCO with the successful triumphs in many of its programs.

MINORITY BUSINESS PRE-SEED FUND

TEDCO and The Harbor Bank of Maryland Community Development Corporation, made investments of up to $40,000 to help minority entrepreneurs take a technology-based idea or concept that represents a viable business opportunity and develop it into a product that can be tested. MBPF is a pilot program for African-American entrepreneurs in Maryland.

“These minority-founded businesses represent the audacious ideas that make Maryland such a thriving technology ecosystem,” said George Davis, CEO of TEDCO. “MBPF is competitive, and only the best ideas supported by a thoughtful commercialization plan receive an investment – these awardees are among the best of the best.”

3 The State of the Start-Up 2018 YEAR IN REVIEW MINORITY BUSINESS PRE-SEED FUND

EliteGamingLIVE, based in , is an eSports platform that blends technological education with interscholastic, competitive gaming. K-12 students represent their respective schools in competition and complete learning engagements related to their interests. Participants earn opportunities to compete at regional championships where they can win cash, scholarships, medals and trophies.

• kweliTV, based in Silver Spring, is PYT Funds, Inc (“PYT’, “Pay Your an interactive streaming platform Tuition Funds”), based in Rockville, that shares the African Diaspora is an online, financial services firm experience through high-quality that is helping families obtain content (independent film, news, access to capital to pay higher web shows, kids programming, education costs. PYT’s technology-enabled documentaries) produced by globally platform captures alternative data points diverse and unique filmmakers and and allows friends and families to chip in by journalists who aim to share their vouching for the student and supporting the stories and truths with the world. student with small gifts.

Game ChangeHer - With • PyroDex, LLC, based in Baltimore, Founder and Chief Inspiration is a business-to-business biotech Officer H. Taylor Walls at the company that offers a focused helm, Game ChangeHer’s product service of rapid, comprehensive is called FANz Play. FANz Play is detection of pyrogens or fever- a dynamic, interactive mobile causing contaminants in injectable sports and entertainment app that allows or implantable medical drugs and fans to compete against each other real-time devices, using technologies that on game day in the most historic rivalries in do not rely on animal testing or sport; it is the game within the game! Game animal products. ChangeHer is located in Ellicott City, Md.

tedcomd.com 2018 4 YEAR IN REVIEW MINORITY BUSINESS PRE-SEED FUND

• Implicit Solution - Run by CEO Bridgette Davis, Implicit Solution is an e-learning platform designed to change unconscious ScholarMe - based in Columbia, is a free bias in the mind. Their novel approach, universal scholarship platform that provides informed by 20 years of psychological personalized recommendations for student research on unconscious bias, uses games, loans, offering the convenience of one exercises and virtual reality simulations common application for students applying to disrupt unconscious bias by creating for scholarships. immersive experiences that encourage inclusive social and professional interaction. Implicit Solution is located in Oxon Hill, Maryland. RemodelMate, based in College Park, • Panacea Company – Located in is a tech-enabled real estate company Baltimore, Md. by way of Chicago, CEO that allows homeowners to hire freelance Lyndon Jackson’s Panacea Company is contractors for major renovations, providing a mobile bank for SNAP (food stamp) high-pressure sales appointments with no recipients that allows them access to their hidden fees EBT card balance and transaction history by using their smartphones.

INCUBATION CHALLENGE

TEDCO awarded $750,000 to six finalists for its first-ever Incubator Challenge, a competition created to identify and reward the best ideas for supporting and growing technology companies in Maryland. The major focus for the projects was to find ways to collaborate among others in the ecosystem. The finalists shared their ideas with attendees of the 7th Annual Entrepreneur Expo and Stem Cell Symposium on Wednesday, Oct. 25 , 2017 at the Hilton Baltimore during a morning pitch session. The winners were announced that evening during the reception, which was attended by Baltimore Mayor Catherine Pugh.

5 The State of the Start-Up 2018 YEAR IN REVIEW INCUBATION CHALLENGE

The Incubation Challenge saw great success from the organizations that collaborated on these six projects. After only a year of implementing these programs, here’s what the projects accomplished: • Seven Anchor Ventures events have been • Occupancy permits have been released for the held, engaging 640 unique individuals; LaunchPort facility, now at 150% of proposed average attendance is 151 (goal was 150). size. Six medical device start-up companies Since inception the Program’s mailing list have signed residency agreements with 12 has grown from 800 to nearly 2,000 just more start-ups (orthopedics, ophthalmology, by via attendees and requests. neurology/pain, emergency medicine and rehabilitation technologies) in the pipeline. • Two F3 Tech symposia have been held – each drawing over 250 attendees; the • The first FounderTrac cohort is complete. pre-accelerator is complete; and, the Participating start-ups raised nearly $3M accelerator kicked off on 9/4/18 with 5 and one was selected for the prestigious start-ups. The accelerator program will Y Combinator accelerator. The 2nd cohort conclude on 12/20/18 with a Demo Day. is nearly complete with Demo Day set for November 6. • The first Trajectory Next cohort of 8 companies (selected from 16 • The first Corprenect cohortwith Northrop applicants) will complete the 4-month, Grumman (NG) in the cyber/social media 12 session Program on 9/12/18. One threat detection and mitigation space is well key accomplishment was to expose the underway. Four start-ups were matched with participants to 8 high level healthcare NG needs and three are actively working on procurement decision makers. projects. Discussions are underway with several Recruitment is underway for a 2nd other large firms concerning a second cohort. cohort.

tedcomd.com 2018 6 TEDCO SPOTLIGHTS

MARYLAND INNOVATION INITIATIVE Maryland Innovation Initiative (MII) FY18 funding included 37 technology assessment grants and seven start-up investments for a total of $5.45 million. True to its technology agnostic funding history, this year the start-ups ranged from medical devices to aeronautics and the sports industry.

Established in 2012, the MII program was created as a partnership between the State of Maryland and five Maryland academic research institutions: University of Maryland, College Park, University of Maryland, Baltimore County, University of Maryland, Baltimore, and Morgan State University. The program’s mission is to accelerate promising technologies with significant commercial potential to market while leveraging each partner University’s strengths.

“This program has been instrumental in transitioning companies from idea and development phases to successful commercialization,” said George Davis, CEO of TEDCO. “MII’s funding over the past five years is representative of the entrepreneurial ecosystem we are committed to growing throughout Maryland and beyond.” 56 STARTUPS INVESTED IN 22 STARTUPS SPUN OUT OF PROGRAM “These metrics demonstrate the success 5 EXITS of the program model as a technology transfer-based economic development engine for the state of Maryland. In $29M INVESTED addition, MII is, quite simply, a superior technically de-risked, IP-secured, early $155M IN FOLLOW-ON FUNDING stage pipeline for industry partners looking for assets to license as well as 88 JOBS SUPPORTED investors looking for quality deal flow.” $83,600 AVERAGE SALARY ­–Dr. Arti Santhanam, MII Program Director

7 The State of the Start-Up 2018 SPOTLIGHTS MII

• Radiopharmaceutical Imaging and Dosimetry, LLC (RAPID): RAPID currently provides precision dosimetry services to the pharmaceutical industry for approval of Radiopharmaceutical Therapeutics (RPTs) and working to develop these services into a commercial software product.

“Our latest round of funding through MII showcases an impressive handful of companies, • Airgility, Inc.: Airgility is developing and we’re excited to help move entrepreneurs HorseSHU, a complete Unmanned forward in a number of different industries. Aerial System solution for multiple TEDCO is committed to supporting start-ups in applications. The HorseSHU employs a every aspect of their early-stage process, and MII is an ideal representation of the kind of support patent-pending tilt nacelle design that and guidance these companies can leverage to combines Vertical Takeoff and Landing jumpstart their innovative products.” as well as hover capabilities of a multi- ­–Robert Hallenbeck, MII Board Chairman rotor with the fast and efficient forward flight capabilities of an airplane into one • CykloBurn Technologies, LLC: CykloBurn is practical platform. developing a biomass-to-energy solution that delivers significantly higher burn efficiency • Freestate Optics, LLC: Freestate is (97%) with lower capital and operating costs developing the Pitch Perfect Electronic than traditional Fluidized Bed Combustion Home Plate—a training tool (device and Systems. Initially targeted for poultry litter, software) for baseball that can track the system is expected to be commercially pitch speed, location and trajectory. viable for the individual farm through boosting profits by generating electricity and capturing • NextStep Robotics, Inc.: NextStep heat for chicken houses. is developing a personalized robotic medical device to treat foot drop in • Living Canopies Ltd.: Living Canopies’ green stroke patients. The company works patio umbrella uses live plants to provide with physical therapists to help patients smart-green technology solutions to the improve walking function with the goal hospitality industry. Its portability, smart of discarding their assistive device. irrigation and multiple plant species choices make it ideal for restaurants, hotel patios, • Thermohalt Technology, LLC: street side seating, parks, backyard sundecks, Thermohalt is developing a battery and swimming pools. management system for Li-ion batteries to support mission critical applications such as in electric vehicles, aerospace and defense and medical devices.

tedcomd.com 2018 8 SPOTLIGHTS SEED FUND

SEED INVESTMENT FUND TEDCO’s Seed Fund works alongside our entrepreneurs as partners to drive the next wave of startups. We leverage our diverse operating and investing experience to uncover opportunities to add value throughout the life cycle of our portfolio companies. Our goal is to meaningfully contribute to the greatest shared outcomes.

As the most active Seed investors in Maryland with over $5M invested in FY2018, we aim to be a resource to all seed companies and to partner with entrepreneurs to remove any obstacles they encounter.

“TEDCO’s Seed Fund catalyzes Maryland’s next generation of sustainable high-growth businesses,” said Frank Glover, Lead Director of Seed Investment Fund. “TEDCO’s investment brings more than financial resources to bare, it brings strategic services, an unparalleled network, and the force of a community deeply committed to driving success.”

• Ataata, is a developer of • Curbio, is helping sellers and their agents uniquely compelling security reap the reward of pre-sale renovation awareness training combined with without the hassle or cost. TEDCO led the breakthrough predictive analytics. Seed round backing Rick Rudman the CEO of Ataata was acquired by Mimecast Vocus (NASDAQ:VOCS) from 1992 to 2014. (NASDAQ:MIME). Ataata returned a TEDCO Seed invested alongside Rudman and 3x return within one year of initial other members of management to capitalize investment. on the opportunity.

• LifeSprout, is developing the next-generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. The company’s proprietary platform is expected to have wide applicability to patients with traumatic, oncologic, or aging-related soft tissue losses.

9 The State of the Start-Up 2018 SPOTLIGHTS MVF

MARYLAND VENTURE FUND The Maryland Venture Fund (MVF) is dedicated to funding and growing the next generation of outstanding businesses in Maryland. The fund is managed by an experienced team with significant operating and venture experience whose focus is on making the entrepreneurs successful. MVF is sector and stage agnostic. The MVF team partners with exceptional entrepreneurs and helps them build valuable companies that last.

“The Maryland Venture Fund is focused on partnering with entrepreneurs and • Bandura Cyber, Bandura is a developer helping them build great companies that of cyber security software designed to last. We are proud to be partners with reduce cyber risk. Bandura pioneered the amazing companies such as Graybug concept of a Threat Intelligence Gateway Vision, Bandura Cyber, and Neuraly among others. They demonstrate that building (TIG) for the U.S. Department of Defense, great companies while driving economic and over 50 issued and pending patents growth are complementary.” later, the company continues to offer ­–Andy Jones, TEDCO CIO the most comprehensive, scalable, and granular TIG platform on the market. Organizations worldwide use TIGs for the automation and control needed to operationalize hundreds of millions of • Graybug Vision, is a clinical stage threat indicators, blocking known threats pharmaceutical company developing before they even reach the network novel products for the treatment firewall. of ocular diseases. The company’s proprietary injectable products are designed to enable less frequent administration to reduce the burden • Neuraly, is a Johns Hopkins University of treatment for patients and their start-up founded in 2016 developing physicians. The company’s lead clinical- breakthrough therapeutic treatments for stage injectable product, GB-102, neurodegenerative diseases including has the potential for reducing the Parkinson’s and Alzheimer’s. Early models of frequency of dosing in neovascular wet Neuraly’s therapeutic – NLY01 – has shown age-related macular degeneration (wet the potential to inhibit the progression of AMD) from every 4-8 weeks to as few as Parkinson’s through novel brain penetrant twice per year. c-Abl, rescue neurotoxicity in neuron cells, and increase lifespan in animal models.

tedcomd.com 2018 10 SPOTLIGHTS RBI2

RURAL BUSINESS INNOVATION PRE-SEED FUND TEDCO’s Rural Business 2 Innovation Initiative (RBI ) “TEDCO’s support is critical to Pre-Seed Fund is designed help jumpstart our move into the to provide technical and transportation marketplace. With the business assistance to small program’s effective mentorship—both companies and early-stage financially and operationally—we’ll be technology-based companies able to continue our mission of providing in rural Maryland. The goal of the program faster, safer and more reliable urban transportation in Maryland and beyond.” is to help companies overcome business and technical hurdles and advance to the ­–Rob Winston, CEO of HopFlyt next growth level. Each RBI2 company received a $25K investment from TEDCO.

• HopFlyt, Inc., based in Lusby, Maryland, developed an aerodynamically advanced • GOEFER, based in Frederick, develops electric vehicle. plug load technology, which look like traditional power strips or surge protectors, that wirelessly provide control, savings, and energy insight to any plugged-in electronic device. • PaverGuide, Inc., based in Worton, developed a structural base for paving systems designed to advance permeable pavements.

• Nanobiofab, based in Frederick, creates wearable nano-material based technologies using state-of- the-art customized inkjet printing • Plum Dragon Herbs, Inc., based nano-techniques. The nano-materials in Chester, manufactures and sells a and bio-products created are used line of 100% herbal and natural topical to detect minute molecules emitted analegesics for trauma injury and pain from the skin for real-time tracking such as tendonitis, bruising, sprains, of fat consumption and potential fractures, and muscle and connective disease diagnosis. tissue injuries.

11 The State of the Start-Up 2018 SPOTLIGHTS MSCRF

MARYLAND STEM CELL RESEARCH FUND

The Maryland Stem Cell Research Commission (Commission) approved funding for four awards totaling $8,200,901. With the robust activity in stem cell research in Maryland, the Commission approved the funding in two rounds of applications this year for the first time addressing the accelerated pace of research and development in the field.

Established by the Governor and the Maryland General Assembly through the Maryland Stem Cell Research Act of 2006, the Maryland Stem Cell Research Fund (MSCRF) promotes State-funded stem cell research and aims to accelerate cures through grants to both public and private entities in Maryland.

“Thus far, more than $140 million has been allocated to over 440 projects through our stem cell programs,” stated George Davis, CEO of TEDCO. “From cardiovascular diseases, to neurodegenerative conditions, to rare genetic disorders, we are seeing advancements in therapies that will transform lives.” “These kinds of funding and subsequent opportunities are $140M+ invaluable to these projects, and to AWARDED the growth of Maryland,” said Dr. Dan Gincel, MSCRF Executive Director.

The MSCRF serves to promote state-funded stem cell research and cures through grants and loans to public and private entities located throughout Maryland. While economic development represents a cornerstone objective of the MSCRF, 20 440 the ultimate goal is to improve COMPANIES FUNDED PROJECTS FUNDED the human experience through the development of new medical strategies that utilize human stem cells for prevention, diagnosis, and treatment of human diseases and 1,400 conditions. JOBS SUPPORTED

tedcomd.com 2018 12 SPOTLIGHTS MSCRF

• 2 Clinical: These awards designed • 12 Discovery: These awards for clinical stem cell researchers from fund new innovative research organizations that conduct clinical trials ideas in the stem cell field. in Maryland using human stem cells Totaling $3,941,896, the discovery to advance medical therapies. Totaling award recipients included seven $1,400,000, the clinical award recipients are researchers from Johns Hopkins Dr. Luis Garza of Johns Hopkins University, University (Dr. Samarjit Das, Dr. and Dr. Anthony Oliva of Longeveron, LLC. Valina Dawson, Dr. Gabsang Lee, Dr. Pankaj Pasricha, Dr. Arun • 3 Commercialization: These awards assist Venkatesan, Dr. Hilary Vernon, and with the creation of start-up companies or Dr. Jiou Wang); and five researchers new technologies developed in Maryland- from University of Maryland, based companies. Totaling $899,005, Baltimore (Dr. Ricardo Feldman, the commercialization award recipients Dr. Xiaofeng Jia, Dr. Minjung Kim, are LifeSprout, LLC, located in Baltimore, Dr. Rachana Mishra, and Dr. Satoru RoosterBio Inc, located in Frederick and Otsuru). Theradaptic, Inc. • 8 Postdoctoral fellowships: • 4 Validation: These grant awards foster These awards support exceptional the transition of promising stem cell post-doctoral fellows who wish to technologies having significant commercial conduct research in academia or potential from universities and research in industry in Maryland. Totaling labs to the commercial sector. Totaling $1,040,000, award recipients $920,000, this year’s validation awards were include seven researchers from presented to Elias Zambidis, Ph.D., of Johns Johns Hopkins University (Dr. Hopkins Medicine (JHM), Chulan Kwon, Adriana Blazeski, Dr. Kenji Johnson, Ph.D., of JHM, Dr. Warren Grayson of Johns Dr. Minseong Kim, Dr. Mehreen Hopkins University, and Dr. Tonya Webb of Kouser, Dr. Su Chan Lee, Dr. University of Maryland, Baltimore. Seungman Park, and Dr. Wei Zhu) and one researcher from University “The awards represent some of the most of Maryland, Baltimore (Dr. promising scientific advances in cellular and Muthukumar Gunasekaran). regenerative medicine. These awardees, which include commercialization and validation projects, are at the leading edge of medical innovation and demonstrate the purpose and mission of the Maryland Stem Cell Research Fund.” ­–David Mosser, Ph.D. Chair of the Commission Department of Cell Biology and Molecular Genetics, University of Maryland, College Park

13 The State of the Start-Up 2018 TEDCO’S ENTREPRENEUR EXPO

TEDCO’S ENTREPRENEUR EXPO In its 7th year, TEDCO’s 2017 Entrepreneur Expo and Stem Cell Symposium broke its record of bringing together the largest group of entrepreneurs and like- minded individuals across the state and delivering the broadest content with 5 different tracks focusing on industry verticals, as well as our newest addition, the Stem Cell Symposium!

2017 year’s keynote speakers were also hard-hitters. Expo and symposium participants heard from a variety of industry experts, including keynote speakers Guy Filippellli, Vice President of Forcepoint and Founder of Redowl Analytics; Mike Heslin, Baltimore Market Manager of Lyft; Anthony Raley from Bank; Ron Gula, President of Gula Tech Adventures, and Michael McDevitt, CEO of Terra’s Kitchen.

The feedback from our speakers, “The event was very informative and the attendees, exhibitors and sponsors was breakout sessions were well run. I liked the extremely positive, resulting in many question/answer period and how the panel record-breaking metrics. TEDCO’s members shared their experience on the different topics. The guest speakers were 2018 Entrepreneur Expo & Stem Cell well chosen as well. Also our group from symposium will be held at The Hotel at Southern Maryland had a bus organized University of Maryland on October 30, for our transportation to and from the 2018. event and it was well worth it!”

2017 HIGHLIGHT S 2017 ENTREPRENEUR EXPO 6 KEY METRIC S 850 INCUBATION CHALLENGE 88% WILL ATTEND NEXT YEAR ATTENDEES AWARD WINNERS 93% SAID THEIR PURPOSE WAS ACCOMPLISHE D 95 55 87% SPEAKERS EXHIBITORS RATED THE EVENT VERY GOOD/EXCELLENT 65% OF THE ATTENDEES WERE ENTREPRENEURS 30 25 72% SESSIONS STARTUP EXHIBITORS HAD A LOT/GREAT DEAL OF VALUE FROM EXPO

tedcomd.com 2018 14 WHO WE ARE BOARD TEAM Francis Smyth Chair eoe c t e Century Engineering CEO Rural Business Innovation Director Initiative Mentor Finance o . c de ce Western Region President & COO T. Rowe Price Linda Saffer ce d oe Director Executive Director, MSCRF tte ee ecet Chief Investment Officer Vice President University Program Manager FASTech Managing Director Partnerships MERL Maryland Venture Fund e ee oe t tm Ausley Associates o me Lead Director, Director Associate Seed Investment Fund Maryland Venture Fund Maryland Innovation de Associate Initiative Kilkea Charles, LLC tee Maryland Venture Fund Senior Vice President c cmme e ooe Technology Transfer oce Rural Business Innovation Fixt and Commercialization Administrative Coordinator Initiative Mentor Maryland Innovation Upper Shore Dr. Jennifer Elisseeff e d Initiative Johns Hopkins University Director et School of Medicine Advisory Services o t Director & CMO Awards Manager Maryland Venture Fund et oe m . ed Womble Bond Dickinson, LLP Rural Business Innovation Maryland Innovation Initiative Mentor Initiative e eto Lower Shore Co-Manager o Pre-Seed Builder Fund Wor-Wic Community College ceee oe ee mme Co-Manager Vice President m mmd Pre-Seed Builder Fund Business Development e Morgan State University Stem Cell Research Administrative Coordinator mot oe ee em . e Office Administrator Marketing Intern mm om oett Vice President e Director of Business mt Marketing MD Department of Commerce Operations Awards Manager Investment Team MSCRF o etoe Vision Technology e . Director Associate mt Entrepreneurial Maryland Venture Fund Vitamita Development od . ee Tiffany W. Davis Director Rural Business Innovation Federal Programs Initiative Mentor Southern Maryland

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