MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION

DEFUNCT AGENCIES


ADMINISTRATION
Renamed Finance and Operations in Feb. 2023.

BIOMARYLAND CENTER
As part of Maryland BIO 2020 Initiative, BioMaryland Center opened in Jan. 2009 as Maryland Biotechnology Center. In April 2013, it was renamed BioMaryland Center. Formerly under Department of Business and Economic Development, functions of BioMaryland Center transferred to Maryland Technology Development Corporation in Oct. 2015 (
Chapter 141, Acts of 2015). There, it was immediately restructured as Life Sciences Investment Fund.

BUSINESS DEVELOPMENT
Through Maryland Technology Incubator Program, Corporation encouraged and promoted entrepreneurship and creation of jobs in technology-related industries. To nonprofit corporations, public entities, or existing incubator programs, Program provided matching funds for acquisition and construction of new or expanded space, or renovation of existing space for incubator facilities (Code Economic Development Article, secs. 10-419 through 10-426).

DATA ANALYSIS
Under Finance and Operations, abolished by Oct. 2024.

DIVERSITY, EQUITY, & INCLUSION
Renamed Equal Access Initiative in May 2025.

ENTREPRENEUR & ECOSYSTEM DEVELOPMENT
Under Finance and Operations, renamed Venture Development in 2024.

EQUITECH GROWTH COMMISSION
Troy A. LeMaile-Stovall, Chair

Appointed by Governor: Saman Qadeer Ahmad; Kory Bailey; Gwendolyn Greene, Ph.D.; Jonathan Horowitz; Anthony L. Jenkins, Ph.D.; Kendra Rice Parlock; David White; Jermaine F. Williams, Ed.D.; Rodney Williams.

Appointed by Senate President: three vacancies

Appointed by House Speaker: three vacancies

Ex officio: Heather M. Gramm, designee of Secretary of Commerce; Rachael Stephens Parker, designee of Secretary of Labor; Richard W. Kincaid, designee of State Superintendent of Schools; Jay A. Perman, M.D., Chancellor, University System of Maryland; J. Thomas Sadowski, Jr., Executive Director, Maryland Economic Development Corp.; Troy A. LeMaile-Stovall, Chief Executive Officer, Maryland Technology Development Corp.; Michele M. Masucci, designee of Chair, Maryland Life Sciences Advisory Board; Christy W. Wyskiel, designee of President, The Johns Hopkins University; Kevin Kinnally, Maryland Associations of Counties.

Within Maryland Technology Development Corporation, Equitech Growth Commission was authorized by General Assembly in July 2023 (Chapter 461, Acts of 2023). Since May 2024, Commission had been overseen by GOvernment Program Development, Affairs, and Policy.

Equitech Growth Commission was to create a strategic plan and long-term goals for growing Maryland's innovation economy. With public-private collaboration, plan was to attract and retain a skilled workforce and high-growth businesses. It was to include mechanisms to increase participation of communities in innovation economy, create pathways for high-paying jobs, and increase and expand wealth in minority communities.

Twenty-three members constituted Commission. Nine were appointed by Governor, three by Senate President, and three by House Speaker. Eight members served ex officio (Code State Finance & Procurement Article, sec. 6-226).

Discontinued on July 1, 2025.

GOVERNMENT RELATIONS
Reformed as Government Relations and Policy in 2021.

GOVERNMENT RELATIONS & POLICY
Under Chief Executive Officer, reformed as Government Program Development, Affairs, and Policy in May 2024.

INSTITUTE OF WOMEN ENTREPRENEUR EXCELLENCE
Renamed Women Entrepreneur Leadership Programs by Oct. 2024.

MARKETING & COMMUNICATIONS
Renamed Development and Marketing in Feb. 2023.

MARKETING & COMMUNITY RELATIONS
Renamed Marketing in Nov. 2016.

PROGRAMS
In 2023, renamed Federal Engagement.

TASK FORCE FOR WOMEN ENTREPRENEURS
Myra W. Norton, Chair

In February 2019, Task Force for Women Entrepreneurs was authorized by Board of Directors.

Task Force was to recruit, fund, and provide operational support of women-owned and women-led start up companies in Maryland.

In 2022, Task Force completed its work, resulting in Women Entrepreneur Leadership Program.

TECHNOLOGY COMMERCIALIZATION FUND
Renamed Seed Investment Funding in Nov. 2016.

UNIVERSITY PARTNERSHIPS
Dan Gincel, Ph.D., Vice-President (410) 715-4172
e-mail:
dgincel@tedco.md

University Partnerships formed in 2012 and was responsible for two programs: the Maryland Innovation Initiative, and the Maryland Stem Cell Research Fund.

WOMEN ENTREPRENEUR LEADERSHIP PROGRAMS
Under Finance and Operations, renamed Institute for Women Entrepreneur Excellence in 2023.

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