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Comings and goings


By Jesse Schwartz
Published: June 14th, 2017

The Maryland Technology Development Corporation (TEDCO) has chosen investor and seasoned business executive George Davis to serve as its new CEO after a lengthy search. TEDCO is recognized as one of the most active early-stage investors in the country, with a portfolio of more than 400 seed investments. It has awarded $22 million to start-ups, leading to more than $1 billion in follow-on funding and the creation of 4,358 jobs at an average salary of $74,700.

Davis previously served as a partner at Baltimore-based early-stage investment group GM3/Gamma 3 LLC. He also has tech business experience as CEO of the Johns Hopkins spinout Gemstone Biotherapeutics, director of bio-informatics company Perthera Inc., CEO of software and engineering support company Avatech Solutions/Rand Worldwide Inc., and other executive roles in tech companies.

“After a thorough search, the Board of Directors is excited to have George Davis take the helm of TEDCO as our new CEO,” says chairman Newt Fowler. “George brings to TEDCO a wealth of demonstrated leadership skills, diverse C-Level experience acumen, and a history of successful investment and operational engagements within the Maryland Innovation Ecosystem.

Davis comments, “Building strong relationships with all of the innovation ecosystem constituencies, such as the Maryland Department of Commerce, and leveraging the unprecedented footprint and pedigree of the state’s academic research facilities, locally based tech and life science industries, strong industry associations, robust business incubators, vast mentoring resources and venture capital assets is paramount to our success.”

Source: TEDCO

Posted under: Tech Transfer e-News

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