TEDCO's RUBRIC Program
Last Updated on Feb 17, 2021 at 3:18pm | COVID-19
The Maryland Technology Development Corporation's (TEDCO) Rural and Underserved Business Recoery Impact of COVID-10 (RUBRIC) program is an economic relief initiative to benefit socially and economically disadvantaged and rural early-stage technology-based businesses hit hardest by the COVID-19 pandemic. This program is supported by $5M recently allocated from the Governor.
The funds administered by TEDCO will be provided to early-stage companies that are impacted by the current crisis and are in need of bridge funding to survive and prosper as the downturn and COVID-19 crisis subsides. The funds will focus on companies that have the highest barriers to traditional financing but are still expected to scale to the next phase of fundraising.
Applicants may be eligible for an initial award of up to $100,000. Awardees may apply for additional funding after six months.
To learn more about the program and to apply, please CLICK HERE