TEDCO overhauls 'confusing' application process for its funds

Entrepreneurs have been having trouble figuring out how to apply for funds from Maryland Technology Development Corp. And now TEDCO is trying to fix the problem. TEDCO conducted its own market research study this summer to see how the organization was doing, how customers felt about it and how it could improve services. Since its founding in 1998, state-backed TEDCO has provided over $16 million in funding to entrepreneurs and startups through about 15 different programs. But the market study revealed…

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