Economic Development Technology News

If your company or technology could improve air or water quality in or around the Chesapeake Bay, apply for an investment from the Chesapeake Bay Seed Capital Fund. Supported by the Maryland Department of Natural Resources and administered by the Maryland Technology Enterprise Institute (Mtech) at the University of Maryland, the fund will invest $250,000 annually over a three-year period into Maryland-based startup companies with innovative technologies that may help improve air and water quality in the Chesapeake Bay area. Fund recipients are jointly selected by Mtech and the Maryland Department of Natural Resources.

The Chesapeake Bay Seed Capital Fund is a strategic initiative announced by Governor Martin O’Malley on Nov. 20, 2008 as part of the Chesapeake Executive Council. The goal of the fund is to accelerate the flow of capital to innovative ventures creating sustainable solutions to restoring the Chesapeake Bay and its watershed.

To apply, please contact Jim Chung, Director of the Mtech VentureAccelerator Program, at (301) 314-7804 or jwchung@umd.edu.

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