TEDCO Selects Collide Capital to Support Management and Investment of Allocated SSBCI Funding
COLUMBIA, Md., July 17, 2025 /PRNewswire/ — TEDCO, Maryland's economic engine for technology companies, announces the selection of Collide Capital as one of the early-stage venture capital fund managers supporting the management and investment of up to $10 million in U.S. Department of Treasury State Small Business Credit Initiative (SSBCI) funding.
'TEDCO's commitment to creating opportunities aligns with our goals of ensuring capital goes to the most deserving applicants rather than the most privileged,' said Brian Hollins, co-founder and managing partner of Collide Capital. 'With this funding, we are excited to better support the Maryland entrepreneurial ecosystem and look forward to working with TEDCO to help the ecosystem flourish.'
Collide Capital is a $66 million black-owned venture capital firm envisioning a world where capital is awarded to those who are best positioned to solve the next generation of global challenges. Through their work, the company seeks to guide founders on their journey by equipping them with resources, knowledge networks and hands-on support. To date, they have backed more than 50 founders, with over 80% identifying as Black, Latine, and/or female.
Recently, TEDCO announced receiving an infusion of up to $50 million in funding from the SSBCI initiative. This funding supports recipients of TEDCO's Venture Funds, Seed Funds and Social Impact Funds—along with the $10 million earmarked for the Venture Capital Limited Partnership (VCLP) Equity program. Of this amount, funding has been allocated to 100KM Ventures, AIN Ventures and now Collide Capital.
'This allocation reflects TEDCO's continued commitment to supporting the growth of an inclusive and sustainable merit-based ecosystem across the state,' said TEDCO CEO, Troy LeMaile-Stovall. 'Through our collaboration with Collide Capital, we are hoping to expand our reach, support more underserved individuals, bridge gaps in the system and allow for innovative advancements.'
For more information about the SSBCI VCLP funds, visit our website here.
About TEDCOTEDCO, 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.
Media ContactTammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@tedcomd.comRachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com
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