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Maryland Tedco seeks funding increase amid application boom – Baltimore Business Journal

By January 10, 2014News
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Six months into its fiscal year, the Maryland Technology Development Corp. has received almost as many applications from state startups looking for funding as it got in all of the previous year.

As a result of the spike in demand, Tedco is asking the Maryland General Assembly for what Tedco President Robert Rosenbaum called “a substantial increase” in funding for fiscal 2015. The General Assembly convened for its annual session in Annapolis on Jan. 8.

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