The Maryland Innovation Initiative Fund will be run by the Maryland Technology Development Corporation (Tedco). The state is providing $5m with the remainder coming from five local universities.

The US State of Maryland has this month set up a $5.8m university venturing fund to work with 40 projects per year.

The Maryland Innovation Initiative Fund will be run by the Maryland Technology Development Corporation (Tedco). The state is providing $5m with the remainder coming from five local universities.

Johns Hopkins University, University of Maryland College Park and University of Maryland, Baltimore, are each committing at least $200,000 per yea, while the University of Maryland, Baltimore County, and Morgan…