TECHNOLOGY ADVANCEMENT PROGRAM
PATHS FOR MARYLAND ENTREPRENEURS & INNOVATORS
Putting Technology Entrepreneurs on the Road to Success
For over 20 years, we've helped entrepreneurs build some of the most successful technology companies in Maryland. The Technology Advancement Program (TAP) staff is comprised of seasoned veterans of startups and venture capital firms who will provide:
TAP offers furnished offices and flexible lab space as well as a multitude of other benefits and services that can only be found at a technology business incubator situated right on the campus of one of the nation’s top research universities.
TAP's staff of experienced entrepreneurs, venture capitalists and analysts provide a comprehensive portfolio of services designed to help your company succeed.
A Heritage of Success at Maryland’s First Technology Incubator:
TAP seeks high-potential emerging companies developing and/or offering new products and services rooted in advanced technology. While TAP favorably considers firms with scale potential attributable to large and growing markets, TAP also accepts enterprises with well-defined niche leadership strategies.
TAP considers the following criteria when studying applicants:
TAP utilizes the following evaluation process to choose new portfolio companies:
Step I: Executive Summary
The evaluation process starts with the submission of an Executive Summary. Upon receiving and reviewing Executive Summaries, TAP's management will contact prospective applicants to convey questions and feedback as well as to discuss other appropriate next steps. TAP's management may request face-to-face meetings or teleconferences with prospective companies as well.
Provided below is guidance for preparing such a summary as well as submission instructions.
How to prepare an Executive Summary (pdf)
Submit your Executive Summary (pdf format only)
Step II: Technical Plan and Feasibility Analysis
If TAP, after reviewing an Executive Summary, believes a company is a good fit for the program, the application process continues with a Technical Plan. TAP's management will then conduct a thorough Technical Review. The purpose of this review is to ascertain the feasibility of the proposed product or service, competitive differentiation of proposed technology and the technical expertise and capability of the company.
Step III: Business Plan and Business Review
If the Technical Review and assessment are favorable, a Business Plan is requested and a formal Business Review is initiated. As part of the Business Review, TAP's management will schedule a presentation by the principals of the prospective company to a selected panel of industry and business experts such as venture capitalists, business analysts, CPAs, faculty and seasoned entrepreneurs. The purpose of this review is to ascertain the viability of the company as a profitable business, and the commitment by the principals to its success.
Generally, TAP's admission process can range from a few weeks to a few months depending on the following factors:
FlexEl LLC develops
Redox develops affordable, efficient fuel cell power systems.