TEDCO Invests in SeeTrue Technology
Woman-owned company looking to revolutionize the biomedical industry, making research easier for scientists
COLUMBIA, Md. (January 3, 2023) –TEDCO, Maryland’s economic engine for technology companies, announced today its Builder Fund invested $100,000 in SeeTrue Technology, LLC, a woman-led company seeking to revolutionize the biomedical industry with its micro-injection technology.
“Currently, the industry standard microneedles have deficits that compromise experimental design, execution, repeatability and overall precision and efficacy,” explains Kinneret Rand, PhD, founder and CEO of SeeTrue Technology. “Our SeeTrue needles resolve these user pain points and are enabling advances in this rapidly growing area of biomedical research to continue.”
The Rockville-based company has designed an innovative microneedle that provides researchers with a reliable and easy-to-use technology that reduces needle clogging and wasted efforts, while also providing increased efficiency and productivity. Through this innovative technology, researchers can more seamlessly continue fundamental research into areas such as stem-cell gene manipulation, in vitro fertilization cycle therapy and more.
As a part of TEDCO’s Social Impact Funds, the Builder Fund is designed to find and invest in entrepreneurs who are a part of a traditionally underserved community. Through these funds, TEDCO seeks to optimize the path to follow-on funding, creating a more diverse entrepreneurial innovation ecosystem in Maryland.
“TEDCO created the Builder Fund because we understand that a diverse, equitable and inclusive entrepreneurial community benefits innovators, their communities and our state economy,” said Jean-Luc Park, TEDCO’s senior director of Social Impact Funds. “We are proud to invest in women-led companies like SeeTrue Technology and be a part of their company growth story.”
Funded companies are provided with resources like hands-on executive support, peer-to-peer mentoring and collaboration, and networking opportunities. For information about TEDCO’s Builder Fund, visit https://www.tedcomd.com/funding/builder-fund.
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.
Tammi Thomas, Chief Marketing & Communications Officer, TEDCO