Funding & Investment
Eastern Shore Entrepreneurship Center
The Eastern Shore Entrepreneurship Center (ESEC) manages a portfolio of available revolving loan funds to entrepreneurs, and small businesses throughout the Eastern Shore. This is a non-traditional source of funding which is more accessible than traditional bank financing. Besides, new and existing businesses are invited to apply for loans of up to $200,000. Applications are accepted every six weeks.
Shore Hatchery Entrepreneurship Competition
The Shore Hatchery will fund up to $200,000 a year to be available to those applying for grants through the Shore Hatchery program. Shore Hatchery board of directors members select recipients based on multiround presentations. The goal of the Shore Hatchery is to reward individuals for their entrepreneurial efforts in the creation and growth of businesses with the potential of positively impacting regional employment within three years. Targeted funding amounts are $50,000 maximum with other amounts available for nonprofit, social and emerging entrepreneurs. Submissions to the Shore Hatchery are accepted twice a year (typically in March and September).
Mid-Atlantic Venture Association
ESEC is a Community Partner of the Mid-Atlantic Venture Association (MAVA). For more than 25 years, MAVA has served the full community of innovators, companies, private capital, suppliers, and key advisors needed to build successful businesses from startup to exit. From venture to private equity, angel to growth equity, and family office to corporate strategic, MAVA brings together the full spectrum of capital and key resources necessary to accelerate the growth of companies across industry sectors and stages of development. MAVA provides a wide range of programs, information, and forums designed to stimulate revenue and company growth, facilitate quality deal flow, encourage collaboration, and foster relationships among entrepreneurs, investors, strategic partners, and customers. Interested investors are welcome to join MAVA and/or attend its events.
Maryland Technology Development Corporation
TEDCO is an independent instrumentality of the State of Maryland, established by the Maryland General Assembly in 1998, to facilitate the creation of businesses and support their growth in all regions of the State. TEDCO’s role is to be Maryland’s leading source of funding for early-stage, technology-based businesses; to provide other business assistance to entrepreneurs throughout the State; and to foster technology transfer and commercialization from the State’s universities and Federal labs. TEDCO is leading innovation to market in Maryland and contributing to a robust entrepreneurial ecosystem in the State through its various programs and funds.