
MARYLAND HEALTH CARE PRODUCT DEVELOPMENT
The Maryland Tech Council (MTC) is Maryland's largest technology and life sciences trade association which brings its members access to industry leaders. The Maryland Tech Council is Maryland's largest technology and life science trade association which brings its members access to industry leaders.

Maryland Health Care Product Development Corporation
The Maryland Health Care Product Development Corporation (MHCPDC) is a nonprofit organization dedicated to fostering the growth of the biomedical industry within Maryland. It operates as a supporting organization of the Tech Council of Maryland, focusing on early-stage investment in promising biomedical and medical technology companies in the state.
Mission and Activities
MHCPDC's mission is to create viable new healthcare products and businesses, thereby stimulating economic growth and innovation in the region. It achieves this by providing early-stage financing, management advice, market research, and technical assessments to emerging companies. The corporation works closely with its investment partners to secure matching funds from commercial and state entities, ensuring sustainable support for its portfolio companies.
Investment Strategy
MHCPDC invests in amounts ranging from $250,000 to $1 million, focusing primarily on early-stage biomedical companies with potential for long-term success. Its partnership approach involves active participation in the business development of these companies, helping them navigate market dynamics and technological challenges.
Relationship with Tech Council of Maryland
As an affiliate of the Tech Council of Maryland (TCM), MHCPDC leverages the TCM's network and resources to enhance its support for Maryland's biomedical sector. This collaboration strengthens MHCPDC's ability to identify and nurture innovative healthcare startups, contributing to the broader goals of promoting technological advancement and economic development in the state.
Legal Status
MHCPDC is recognized as a tax-exempt organization with the EIN 52-1900080. As a nonprofit, it files annual tax returns with the Internal Revenue Service, providing transparency into its financial operations and charitable activities.
Impact and Relevance
By fostering entrepreneurship and innovation in the healthcare sector, MHCPDC plays a crucial role in cultivating a vibrant ecosystem of medical technology and biotechnology companies in Maryland. Its efforts not only support local economic growth but also contribute to advancements in healthcare products and services, ultimately benefiting patients and communities both locally and nationally.
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FREDERICK
MTC Home MTC Highlights BioHub Maryland Providing life sciences skills training and career resources MTCEdge Savings program for Maryland Tech Council Members Member News Learn more about what our members are sharing Legislative Session Download top priorities for the 2025 Legislative Session ICON Award Finalists Finalists announced for the 2025 ICON Awards. Winners will be announced at the annual Industry Awards Celebration on May 21 2025. Upcoming Events Click here to view all upcoming events. March 27 2025 2nd Annual Maryland Business Showcase Featuring ChesaPitch April 2 2025 MTC Member Orientation May 21 2025 Industry Awards Celebration 2025 Join Our Growing Community The Maryland Tech Council MTC is a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members.
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Amazing to see how the Maryland Tech Council is fostering growth in the life sciences! Excited for the upcoming events and to connect with all the innovative minds in our community! 🌟

Brooklyn Simmons
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The support for skills training and career resources through BioHub Maryland is invaluable! Proud to be part of a community that empowers individuals and drives progress in technology and life sciences! 💪🏼

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