New Venture Capital Financing
Available for Maryland State Startups with Innovative Technologies
Addressing Air & Water Quality in the Chesapeake Bay
Area

The Maryland Technology
Enterprise Institute (Mtech) at the University of Maryland
announces the launch of the Chesapeake Bay Seed Capital Fund.

The fund, supported by the Maryland Department of Natural
Resources and administered by Mtech, will invest $250,000
annually over a three-year period into Maryland-based startup
companies with innovative technologies that may help improve water
quality in the Chesapeake Bay. Fund recipients are jointly selected
by Mtech and the Maryland Department of Natural Resources.

The Chesapeake Bay Capital Seed Fund is a strategic
initiative announced by Governor Martin O’Malley on Nov. 20, 2008 as
part of the Chesapeake Executive Council. The goal of the fund is to
accelerate the flow of capital to innovative ventures creating
sustainable solutions to restoring the Chesapeake Bay and its
watershed.

To apply, please contact Jim Chung, Director of the Mtech
VentureAccelerator Program, at (301) 314-7804, or [email-masked].

Maryland Technology
Enterprise Institute (MTECH)
A. James Clark School of
Engineering
University of
Maryland, College Park, MD 20742
301.405.3889