Maryland Technology Development Corporation

Maryland Technology Development Corporation, doing business as Tedco, is a U.S. state government entity headquartered in Columbia, Maryland, that acts as a federal grant recipient delivering small-business development, technology transfer, and innovation-commercialization services to the Department of Defense, the Small Business Administration, the Department of Commerce, and related federal agencies. Tedco does not hold federal contracts as a prime or subcontractor; it operates exclusively as a grant recipient (89% of recent awards as prime recipient, 11% as sub-recipient under Department of Commerce grants).

Tedco's federal footprint centers on SBA and Department of Defense technology programs. The Small Business Administration's Office of Investments and Innovations has awarded five grants under the Federal Accelerator for Strengthening and Advancing Technology (FAST) program, most recently a cooperative agreement dated September 30, 2024, with ultimate completion in September 2029. The SBA's Office of the Chief Operating Officer issued two Congressional Grants awards under CFDA 59.059 — a $1.15 million project grant (July 1, 2024 to June 30, 2027) and a $418,000 project grant (September 1, 2023 to August 31, 2024) — both aimed at small-business incubation and SBIR/STTR proposal development. Tedco received a $9.998 million project grant from the Department of the Treasury, Departmental Offices, under the State Small Business Credit Initiative Investing in America Small Business Opportunity Program (CFDA 21.034) on August 16, 2024, to deliver technical assistance (legal, accounting, and financial advisory services) to very small and underserved small businesses applying for capital programs. On the defense side, Tedco entered a zero-dollar cooperative agreement with the Army Combat Capabilities Development Command Chemical Biological Center (DEVCOM CBC) dated February 10, 2026, with ultimate completion in March 2036, establishing a collaborative framework for technology transfer, innovation, and workforce development supporting small businesses in Maryland's defense industrial base. Tedco also acts as a sub-recipient under Department of Commerce grants executing the DefTech program to support technology commercialization in Maryland (sub-awards dated September 26, 2024, and December 8, 2022).

The top five customer agencies by award count account for 63% of awards and represent eleven distinct federal funding sources. The Department of the Navy's Naval Air Systems Command Naval Air Warfare Center holds two awards carrying $691 thousand combined potential value. Combined dollars obligated across all awards reach $18.3 million against a combined potential value of $699 thousand, reflecting the grant-heavy nature of Tedco's footprint where obligated amounts substantially exceed stated award ceilings due to multi-year performance periods and incremental funding. Award volume increased to four grants in 2024 after minimal activity in prior years, signaling recent expansion of Tedco's federal grant portfolio.