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 a number of 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.
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. There are two types of SBIR funding, Phase I and Phase II. FastForward connects startups with SBIR grant-writing assistance through its partnership with BioHealth Innovation.