TEDCO Partners with Collide Capital to Drive Innovation and Economic Growth with SSBCI Funding
BALTIMORE, MD – July 17, 2025 – The Maryland Technology Development Corporation (TEDCO), a vital engine for economic development and technological advancement in the state, has announced a significant partnership with Collide Capital. This collaboration aims to leverage the State Small Business Credit Initiative (SSBCI) funding, thereby bolstering the growth of technology and life sciences startups in Maryland.
Collide Capital, a prominent venture capital firm with a proven track record in supporting early-stage companies, has been selected by TEDCO to manage and invest a portion of the allocated SSBCI funds. This strategic alliance is poised to inject much-needed capital and expert guidance into the state’s burgeoning entrepreneurial ecosystem.
The SSBCI program, funded by the U.S. Department of the Treasury, is designed to expand access to capital for small businesses, particularly those in underserved communities and those historically excluded from traditional financing. By partnering with Collide Capital, TEDCO demonstrates its commitment to ensuring that these critical funds are deployed effectively to foster innovation and create high-quality jobs within Maryland.
“We are thrilled to partner with Collide Capital, a firm that shares our vision for a vibrant and inclusive entrepreneurial landscape,” said [TEDCO Official Name and Title – Please note: The provided URL does not contain specific names or titles, so this is a placeholder.]. “Their expertise in identifying and nurturing promising startups, coupled with their dedication to diversity and equitable access to capital, makes them an ideal partner for managing this important SSBCI allocation. This initiative will empower Maryland’s innovators and contribute significantly to the state’s economic prosperity.”
Collide Capital’s investment strategy is known for its focus on identifying disruptive technologies and supporting diverse founding teams. This aligns perfectly with TEDCO’s mission to foster a robust innovation economy that benefits all Marylanders. Through this partnership, Collide Capital will play a crucial role in identifying promising investment opportunities, providing strategic mentorship to portfolio companies, and ensuring the responsible and impactful deployment of SSBCI funds.
“This partnership with TEDCO represents a significant opportunity to amplify our impact within Maryland’s dynamic tech and life sciences sectors,” stated [Collide Capital Official Name and Title – Please note: The provided URL does not contain specific names or titles, so this is a placeholder.]. “We are eager to work alongside TEDCO to identify and support the next generation of groundbreaking companies, contributing to job creation and economic growth across the state. Our commitment to investing in diverse founders and innovative solutions will be at the forefront of our efforts.”
The collaboration between TEDCO and Collide Capital is expected to create a powerful synergy, accelerating the growth of Maryland’s innovative companies and solidifying the state’s position as a leader in technological advancement. This initiative underscores a shared dedication to nurturing entrepreneurship, fostering innovation, and building a more resilient and prosperous future for Maryland.
TEDCO Selects Collide Capital to Support Management and Investment of Allocated SSBCI Funding
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