Latest news with #AINVentures
Yahoo
06-08-2025
- Business
- Yahoo
TEDCO Announces Panel Discussion on Investing in Maryland's Future: SSBCI in Action at 2025 Entrepreneur Expo
Entrepreneur Expo to spotlight SSBCI-backed investment funds driving Maryland's innovation economy COLUMBIA, Md., Aug. 6, 2025 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announces the panel "Investing in Maryland's Future: SSBCI in Action," taking place at the upcoming 2025 Entrepreneur Expo at The Hotel at the University of Maryland on October 21, 2025. "This session showcases both the power of public-private capital and the art of founder-investor engagement," said Jack Miner, TEDCO's chief investment officer. "We're excited to give attendees an up-close look at how these investors evaluate opportunities and support Maryland's growing innovation ecosystem." The two-part session will be moderated by Miner, beginning with brief investment thesis presentations from each fund, followed by a round of live startup pitches. The second half of the session features an interactive discussion where investors provide real-time feedback and highlight the critical skills and considerations that shape their decisions—from understanding tech stacks to budget planning. Joining this session will be: Moderator: Jack Miner, TEDCO Emily McMahan, AIN Ventures Shalanda Armstrong, 100KM Ventures Elias Mufarech, Collide Capital Sarah Sheppard, Maryland Department of Commerce Recently, TEDCO announced receiving an infusion of up to $50 million in funding from the U.S. Department of the Treasury's State Small Business Credit Initiative (SSBCI). 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 Collide Capital. This session brings all three firms together to share their investment strategies and engage directly with Maryland-based entrepreneurs. TEDCO's Entrepreneur Expo is Maryland's premier gathering for entrepreneurs, business owners, investors and thought leaders to connect, learn and be inspired. This year's event promises a full day of interactive workshops, insightful discussions and dynamic pitches from emerging companies. Don't miss your chance to attend this "can't miss" event! Tickets are limited, so secure your spot now and get ready for a day filled with learning, networking and inspiration. 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 Media ContactTammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@ Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@ View original content to download multimedia: SOURCE TEDCO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
12-03-2025
- Business
- Associated Press
AIN Ventures Invests in NOVI Space to Revolutionize Earth Observation Services
New Partnership with AIN Ventures and NOVI Space Inc. (NOVI) to Accelerate NOVI's Mission of Accessible Earth Observation (EO), Space Domain Awareness and Autonomy ARLINGTON, VIRGINIA / ACCESS Newswire / March 12, 2025 / NOVI, a leading innovator in space-edge processing, announced a strategic investment from AIN Ventures as part of its seed round. The investment follows NOVI's successful January orbital deployment of its second-generation SP240 On-Board Computer (OBC), marking a significant milestone of an operational Versal-based edge-processor in LEO. 'NOVI's approach to space-edge processing represents a paradigm shift in collection and processing of satellite data,' said Sherman Williams, Managing Partner at AIN Ventures. 'Their technology significantly reduces the cost and complexity barriers that have historically limited the adoption of EO services. We're excited to partner with NOVI as they transform this $40B market and strengthen our nation's space capabilities.' NOVI is a leader in space-edge processing, transforming satellite-based EO data into actionable intelligence in orbit. By integrating advanced AI/ML algorithms, proprietary on-board computers, and low-cost multi-sensor satellites, NOVI drastically reduces costs and latency compared to traditional systems. With proven technology developed for the U.S. DoD and the launch of its VISTAsat™ platform, NOVI is creating an innovative space-AI marketplace and open access satellite network for applications across industries like agriculture, defense, and disaster response in a rapidly growing market. 'This investment from AIN Ventures validates our mission to make EO services more accessible and actionable,' said NOVI CEO, Dr. Michael Bartholomeusz. 'With their support and deep expertise in dual-use technologies, we're well-positioned to accelerate our growth and deliver innovative solutions that address critical challenges in both commercial and defense markets.' NOVI's leadership team brings extensive aerospace, AI, and technology commercialization expertise. CEO Dr. Michael Bartholomeusz is a global executive with over 25 years of enterprise management and transaction experience, including work on the space shuttle program. Co-founders Dr. Amit Mehra and Dr. Constantine Papageorgiou are seasoned entrepreneurs with deep expertise in aeronautics and AI. CRO Scott Steffan has led multi-million-dollar aerospace initiatives at Moog. They combine technical excellence and a proven track record in scaling deep-tech ventures. AIN Ventures' investment in NOVI was carried out in collaboration with Virginia Innovation Partnership Corporation (VIPC) 's Virginia Venture Partners (VVP) and its Virginia Invests fund of funds initiative. Launched in 2024, Virginia Invests has taken LP positions in six fund managers, including AIN Ventures, to accelerate the infusion of capital into Virginia startups and generate new opportunities for Virginia entrepreneurs to grow and innovate. The program, powered by the U.S. Department of Treasury State Small Business Credit Initiative (SSBCI), is designed to catalyze over $250 million in investments over the next 3-5 years. Other investors include Spirit Electronics Ventures, Tyger River Capital and Dr. Sachio Semmoto, a former Softbank board member. NOVI is a Space AI infrastructure and compute company with TRL 9, flight-proven OBCs deploying a constellation of multi-sensor edge-processing satellites for EO, coupled to a full-stack data, algorithm, and intelligence management platform named VISTAsat™. About AIN Ventures: AIN Ventures is an early-stage deep tech investment fund that specializes in dual-use technologies and believes technology can enable our country and its allies to overcome their toughest challenges.
