Clear Guide Medical announced today that it has received $75,000 of early stage funding from Maryland Technology Development Corporation (TEDCO's) Maryland Technology Transfer and Commercialization Fund. The money will be used towards the commercialization of the first generation prototype of the Clear Guide advanced image guidance device.
About Clear Guide Medical
Clear Guide Medical, a spinout of Johns Hopkins University, provides innovative advanced image-guidance for needle-based interventions and diagnostics. The company was a finalist in Maryland's 2012 Innovation, Corporate Excellence and Entrepreneurship (ICE) Awards, and is currently working on FDA clearance for its first generation device to be used with ultrasound-based interventions.
The Maryland Technology Development Corporation (TEDCO), an independent entity, was established by the Maryland General Assembly in 1998 to facilitate the creation of businesses and foster their growth in all regions of the State. TEDCO’s role is to be Maryland’s leading source of funding for seed capital and entrepreneurial business assistance for the development, transfer and commercialization of technology. TEDCO connects emerging technology companies with federal laboratories, research universities, business incubators and specialized technical assistance. TEDCO was recognized by Entrepreneur Magazine for being the most active seed/early-stage investor in the nation for five consecutive years from 2003-2008 (the last year of the survey) and is a recipient of the national Excellence in Technology-Based Economic Development award from the State Science and Technology Institute (SSTI) for the Maryland Technology Transfer and Commercialization Fund (MTTCF) program. For more information on TEDCO and its programs and resources, visit http://www.marylandtedco.org.