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TEDCO defends innovation funds as DLS recommends cuts; researchers and patients cite impact
Summary
TEDCO pushed back on DLS recommendations to cut Equitec and other innovation grants, saying the funds support startups, workforce training and job creation; Maryland Innovation Initiative and the Maryland Stem Cell Research Fund testified with examples of follow‑on investment, company formation, and clinical benefits including sickle‑cell cures aided by MSCRF‑funded research.
Officials from the Maryland Technology Development Corporation (TEDCO) and affiliated programs urged the subcommittee to maintain funding for several innovation programs that DLS proposed to scale back in the FY27 allowance.
Elizabeth Bridal (DLS) presented the TEDCO analysis and recommended reducing certain mandated appropriations — including lowering Equitec Growth Fund support from $5 million to $3 million in 2027 — citing overlap with other state programs and tight fiscal conditions. DLS also noted the human relevant research fund’s revenue shortfall (about $185,000 collected to date versus a $915,000 projection) and recommended scaling administrative plans accordingly.
Troy Lamel Stovall, TEDCO’s…
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