Maryland Venture Fund Application

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General Company Details


At this time, the Maryland Venture Fund is only accepting applications from existing MVF portfolio companies seeking follow-on investment.

Insert full, legal name. If applicant is already registered with the Maryland State Department of Assessments and Taxation (SDAT), the name inserted here should match the SDAT registration
*In order to secure a TEDCO investment, applicant cannot be a Sole Proprietorship or General Partnership.
Full URL if applicable
Eligibility Questions

TEDCO’s investment thesis is very clearly defined by the State of Maryland.  These six simple questions will help to quickly establish your eligibility before proceeding with the balance of the application.






Principal Business Operations
“Principal Business Operations” means the headquarters from which the applicant's officers direct, control, and coordinate the applicant's business activities.
Additional Business Locations of the applicant (both inside and outside Maryland)

Primary Contact Information

Description of Business/Product (Explain why it is a great opportunity for an investment.)
Document Submission

If you exceed the file limits, your application will NOT submit and result in an error. 
A copy of the lease, license agreement, deed, or other document that evidences the applicant’s right to occupy the physical location of the Principal Business Operations, the headquarters from which the applicant's officers direct, control and coordinate the applicant's business activities.

Additional Company Information

Employment Data



"Employee" means a full-time or full-time equivalent W-2 reporting worker of a business.
 
"Founder" means an individual who established a business by: (a) Assuming a portion of the risk of the business; and (b) Having the initial rights to a portion of the profits of the business.
Additional Information

In general, if applicant does not maintain its Principal Business Operations located in the State, have over half its workforce working in the State, and intend to maintain its Principal Business Operations in the State after receiving an investment under the Program, the applicant may submit to TEDCO information that the applicant’s business will have a substantial economic impact in the State as set forth in COMAR 14.04.07.

After reviewing information submitted by the applicant below, TEDCO may request additional information or conduct its own investigation of the applicant’s potential for substantial economic impact in the State.  In its sole discretion, TEDCO may submit information provided in this section of the Application to the TEDCO Investment Committee for its consideration of whether to approve of the applicant's eligibility.


600 words maximum
Dilutive Funding Details



Can be relative date

Can be relative date

General Investment Criteria

Criteria

The applicant shall address the following General Investment Criteria so that TEDCO can evaluate and score the investment opportunity.


300 words maximum

300 words maximum

300 words maximum

300 words maximum

300 words maximum

300 words maximum

300 words maximum

300 words maximum

300 words maximum

300 words maximum

300 words maximum
Diversity & Inclusion

The applicant shall address the following Diversity and Inclusion Criteria such that TEDCO can evaluate and score the investment opportunity.


500 words maximum

500 words maximum

500 words maximum

Maryland Venture Fund

The applicant is applying for the Maryland Venture Fund and, by applying, hereby certifies that it meets the stated Fund-specific eligibility requirements.


Criteria


The applicant shall address the following Maryland Venture Fund Investment Criteria such that TEDCO can evaluate and score the investment opportunity.


250 words maximum

250 words maximum

250 words maximum

250 words maximum

250 words maximum

250 words maximum

250 words maximum

250 words maximum

250 words maximum