TEDCO, Maryland’s economic engine for technology companies, announced a recent $500,000 Venture Funds investment in University Startups, an edtech software as a service (SaaS) platform. TEDCO’s evergreen Venture Funds are dedicated to funding and growing the next generation of early-stage businesses in Maryland.
“We are transforming the lives of individuals by empowering communities with personalized pathways to both higher education and career success,” said Marc Steren, co-founder and co-CEO of University Startups. “Thanks to TEDCO’s investment, we can further our mission of educational and entrepreneurial enrichment of students and lifelong learners.”
University Startups, based in Bethesda, Md., is an edtech platform co-founded by Steren and John Jabara. The platform promotes an entrepreneurial mindset by providing opportunities and pathways to success for students and lifelong learners. Their inclusive entrepreneurship-focused program, designed by leading university professors and experienced entrepreneurs, supplies the tools to support career development, college preparation, internships and more for students.
“At TEDCO we understand the importance of creating a better future for students and underserved communities,” said Katherine Hill Ritchie, TEDCO’s senior director of Venture Funds. “We look forward to watching University Startups’ journey as they continue supporting the next generation of entrepreneurs.”
For entrepreneurs interested in TEDCO’s funding opportunities, please visit https://www.tedcomd.com/funding.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
