TEDCO Taps Collide Capital for Strategic SSBCI Funding Management
Baltimore, MD – July 17, 2025 – The Maryland Technology Development Corporation (TEDCO), a vital engine for economic development and technological innovation in Maryland, has announced a significant partnership with Collide Capital. Collide Capital has been selected to manage and invest the State Small Business Credit Initiative (SSBCI) funding allocated to Maryland, a move poised to significantly bolster the state’s burgeoning innovation ecosystem.
This strategic alliance marks a crucial step in TEDCO’s ongoing commitment to fostering a robust and diverse entrepreneurial landscape within Maryland. The SSBCI program, a federal initiative designed to expand access to capital for small businesses, represents a substantial opportunity to fuel growth and job creation across the state. By entrusting Collide Capital with the management and investment of these funds, TEDCO aims to leverage Collide Capital’s expertise in venture capital and its proven track record in supporting emerging companies.
Collide Capital is a venture capital firm recognized for its dedication to investing in and nurturing businesses with high growth potential. Their focus often aligns with areas that drive economic advancement and technological progress, making them an ideal partner for TEDCO’s mission. The firm’s ability to identify promising startups and provide them with the strategic guidance and financial backing necessary for success is expected to be instrumental in the effective deployment of the SSBCI funds.
The collaboration will focus on deploying the SSBCI capital through various investment vehicles designed to meet the diverse needs of Maryland’s small businesses, particularly those within underserved communities and in sectors critical to the state’s future economic prosperity. This includes a strong emphasis on innovation, technology, and sectors that demonstrate significant potential for scalability and impact.
“We are thrilled to partner with Collide Capital to strategically manage and invest our allocated SSBCI funding,” said [Name and Title of TEDCO Representative, if available in the original source, otherwise omit or use a general statement like “a TEDCO spokesperson”]. “Collide Capital’s deep understanding of the venture capital landscape and their commitment to fostering innovation align perfectly with TEDCO’s objectives. This partnership will enable us to make a meaningful impact on Maryland’s small business community, driving economic growth and creating high-quality jobs across the state.”
The SSBCI program aims to revitalize communities, encourage private investment, and create good-paying jobs. Through this partnership, TEDCO and Collide Capital are poised to unlock new avenues of support for Maryland entrepreneurs, providing them with the critical resources needed to innovate, expand, and thrive in a competitive global market. This initiative underscores Maryland’s dedication to building a dynamic and inclusive economy, powered by its innovative small businesses.
TEDCO Selects Collide Capital to Support Management and Investment of Allocated SSBCI Funding
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