TEDCO has launched its new Women Entrepreneur Leadership Programs, which are designed to build an alliance of diverse founders and CEOs to strategically navigate Maryland’s entrepreneurial innovation ecosystem.
In collaboration with Maryland’s four Historically Black Colleges and Universities (HBCUs), TEDCO’s new programs will focus on creating a diversified community of women entrepreneurs and help them grow their companies.
“Using the input from TEDCO’s Task Force for Women Entrepreneurs to develop the course foundation, we were able to create a one-of-a-kind program focusing on mitigating challenges Black women entrepreneurs face,” Linda Singh, executive director for TEDCO’s Women Entrepreneur Leadership.
The leadership program kicks off with a pilot program in Howard County at the Maryland Innovation Center (MIC). The Open Institute for Black Women Entrepreneur Excellence will convene a cohort of 25 women entrepreneurs, with the goal of developing a network of peer advisors and creating a collaborative community. The HBCUs will determine the needs of these entrepreneurs at the intersection of research, tech transfer and education. Maryland’s HBCUs include Bowie State University, Coppin State University, Morgan State University, and the University of Maryland Eastern Shore.
“Recent numbers show the continued challenges faced by early-stage women entrepreneurs – 2.3 percent of venture funding went to women in 2020, down from an all time high of 2.8 percent in 2019, yet 42 percent of all businesses are women-owned,” said Troy LeMaile-Stovall, TEDCO CEO. “TEDCO recognizes the need to ensure all Marylanders, especially women, given that the state has the highest rate per capita of women-owned businesses, are provided the proper opportunities and exposure to realize their dreams. This pilot with our friends in Howard County represents our commitment to ensure our dreams become reality and access to wealth inclusion and expansion opportunities are realized.”