TEDCO Invests in Minnowtech

Maryland company developing solutions to support the agriculture industry

COLUMBIA, Md. (March 6, 2024) – TEDCO, Maryland’s economic engine for technology companies, announced a recent $200,000 Seed Fund investment in Minnowtech, a company working to uplift the agriculture industry. TEDCO’s Seed Funds invest in early-stage technology companies.

“We noticed that shrimp farmers struggle to accurately assess their shrimp stock due to turbid water conditions and aeration systems,” said Suzan Shahrestani, CEO and co-founder of Minnowtech. “Thanks to TEDCO’s investment, our company can continue to grow and hopefully assist shrimp farmers across the world.”

Minnowtech, based in Baltimore, Md., is an agtech company working to help aid shrimp farmers through their BRS-1 device. This device sits under the surface of a pond and utilizes sonar technology to collect important information about their shrimp population. The information collected is then transferred to an online portal that allows for real time data access.

“Minnowtech’s device has the potential to be a game changer in the shrimp farming industry,” said Teddy Gresser, director of TEDCO’s Seed Funds. “The collected data may allow farmers to gain a better understanding of their shrimp population, allowing for easier disease detection and hopefully prevent under or over feeding.”

TEDCO’s Seed Funds, a family of funds focused on investing in early-stage technology companies that show promise of becoming venture fundable companies or are companies that, through a seed investment, will be sustainable through customer revenue, follow-on funding or other forms of corporate venture.

For more information on TEDCO’s funding opportunities, visit https://www.tedcomd.com/funding.