TEDCO Invests SSBCI Funds in The Equity Brain Trust
TEDCO Invests SSBCI Funds in The Equity Brain Trust
Maryland startup seeks to create a more equitable world
COLUMBIA, Md. (March 13, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced its recent State and Small Business Credit Initiative (SSBCI) investments totaling $200,000 in The Equity Brain Trust, a technology start-up focused on creating a more equitable future. The two TEDCO investments each matched a $100,000 investment by a private sector firm.
“DEI programs don’t work to move the needle on equity” said Angel St. Jean, CEO of The Equity Brain Trust. “We created a platform that enables DEI leaders to help companies engage in DEI as a business strategy across all operations where it can have the intended impact. No other company is building what we’re building, we’re grateful for TEDCO’s continued partnership to bring this transformative technology to market.”
The Equity Brain Trust, located in Baltimore, Md., is dedicated to creating a more equitable world. Through their software platform Equiscore BI™, the company provides a means for DEI leaders manage and perform all the tasks necessary to help their companies become more equitable. The platform collects data from every corner of the company and quantifies DEI to help leaders identify their specific challenges and risks. It’s also designed to help DEI consultants manage their DEI efforts with their clients.
“The Equity Brain Trust aligns with both our commitment to DEI and the eligibility guidelines we set for SSBCI funding,” said TEDCO CEO Troy LeMaile-Stovall. “TEDCO has an essential role in funding start-ups that are underrepresented in our innovation ecosystem, and we are glad to support this important DEI-focused business with SSBCI funding.”
“TEDCO is committed to promoting a diverse, equitable and inclusive ecosystem throughout the state of Maryland,” said Jean-Luc Park, senior director of Social Impact Funds with TEDCO. “And investing in underrepresented entrepreneurs is just one of the many steps we are taking towards this commitment. I am honored to join the journey of companies like The Equity Brain Trust as it continues to work towards a better, more equitable future.”
TEDCO’s SSBCI funds are divided into four programs—the Venture Equity Fund, the Social Impact Equity Fund, the Seed Equity Fund program, and the Venture Capital Limited Partnership Equity program. For more information about our funding opportunities, visit https://www.tedcomd.com/funding.
About TEDCO
TEDCO, 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.
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Media Contact
Tammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@tedcomd.com
