New Program Offers $40,000 to Black-Owned Tech Startups in Maryland (Details Here)

Jul 14th, 2017 | By | Category: Business, News & Features, Technology

The financing is coming from the Minority Business Pre-Seed Fund (MBPF), a program started in February 2017 by the Maryland Technology Development Corp. (TEDCO) and Harbor Bank Community Development Corp., a unit of the Harbor Bank of Maryland. Its parent, Harbor Bancshares Corp., is No. 9 on the BE 100s Banks list.

The MBPF has set Oct. 1, 2017, as the next application deadline. Entrepreneurs can qualify for financing if they have an idea to create a tech firm or an existing business in Maryland with a technology-based concept not taken to market yet, says McKeever “Mac” Conwell II, TEDCO’s deal team coordinator. Applicants can apply from other states, but the firm’s principal place of business must be in Maryland.

More details can be found here on the application process and program.

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