Startup companies can take advantage of private, state and federal funding. JHTV staff can assist in navigating these funding sources.
Angel and Venture Capital
Established startups with high growth potential typically seek angel or venture capital investment to fund product development, commercialization and growth. JHTV networks with regional, national and global investors, including angels and venture capitalists, to identify where investors’ focus overlaps with FastForward startups’ solutions. This includes several venture firms with a regular presence on the Johns Hopkins campus. In addition to facilitating investor meetings, the JHTV team guides startups through business plan development, pitching and other soft skills.
The Maryland Innovation Initiative (MII)
Entrepreneurs in Maryland can take advantage of several grant programs and tax credits, many offered out of the state's Technology Development Corporation (TEDCO). The Maryland Innovation Initiative (MII) is especially designed for University Startups.
Federal Grants
The largest program available to incorporated startup companies in Maryland is the Small Business Innovation Research (SBIR) program. This highly competitive program encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. FastForward provides educational resources, advice on non-dilutive funding sources available beyond SBIRs, and connections to external grant writing support.
Select Funding and Tax Credits for Startups
Name | Type | Link |
---|---|---|
Biotechnology Investment Incentive Tax Credit (BIITC) | State of Maryland | Explore |
Cybersecurity Investment Incentive Tax Credit (CIITC) | State of Maryland | Explore |
Maryland Innovation Initiative (MII) - Company Formation | State of Maryland | Explore |
Maryland Innovation Investment Tax Credit (IITC) | State of Maryland | explore |
Maryland Stem Cell Research Fund | State of Maryland | Explore |
Maryland Venture Fund | State of Maryland | Explore |
Research & Development Tax Credit (R&D) | State of Maryland | Explore |
Small Business Innovation Research (SBIR) | Federal | Explore |
TEDCO Builder Fund | State of Maryland | Explore |
TEDCO Seed Fund | State of Maryland | Explore |