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Resources for Entrepreneurs

To schedule an appointment with CVIP’s Director of Strategic Investments to discuss your entrepreneurial ambitions, please click here

For those seeking more information on what it takes to start a company, this page contains just a short list of resources for entrepreneurs.  Not to be missed, the following guide should be required reading for anyone considering the start-up path:  The Eutrepreneur's Guide to a Biotech Startup, written by Peter Kolchinsky and downloadable for free from the internet.
http://www.evelexa.com/resources/startup_guide.cfm

To see a list of UMB spin-off companies, click here.

If your technology could benefit from additional research funding before being spun off, Maryland Technology Development Corporation’s (TEDCO’s) University Technology Development Fund (UTDF) provides up to $50,000 for pre-commercial research on university intellectual property.
http://www.marylandtedco.org/tedcoprograms/utdf.cfm

Once a new start-up has been formed, Maryland has a number of financing programs and resources available to Maryland-based companies, such as:

For Companies based inside or outside of Maryland, federal funding for start-up companies is available through the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Programs.  Through these two competitive programs, SBA ensures that the nation's small, high-tech, innovative businesses are a significant part of the federal government's research and development efforts.  Click here for more information on SBIR/STTR grants, http://www.sba.gov/aboutsba/sbaprograms/sbir/announce/sbir_links.html

Finally, our office is in contact with many venture capital funds, and we can help you decide which entity to approach for funding, how, and when.  Venture capitalists will either invest in a company led by an experienced entrepreneur, or will select the management team themselves, and they prefer companies targeting large markets (hundreds of million dollars).  This type of funding comes with significant help and extensive contacts; it is also the most expensive way of funding a company (in terms of the equity given up for the money and help).

Venture firms tend to specialize, either by stage of development or by industry.  Competition for venture funding is fierce, and the right approach can make a big difference in whether a company is even invited to submit a business plan.

The following organizations represent the Mid-Atlantic and National Venture Capital communities:

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