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TEDCO simplifying application process for its funds

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November 18, 2016

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 several entrepreneurs were pretty frustrated with a seemingly long and bureaucratic application process.

"One of the things we heard from our customers and potential customers is that it's a little confusing to navigate the kind of alphabet soup of programs," said John Wasilisin, CEO of TEDCO. "People didn't know which programs to apply to or they didn’t know who to talk to."

For more on the story from the Baltimore Business Journal, click here.