#United States #Maryland #Columbia #TEDCO #Kunicorn Investment

TEDCO and Kunicorn Investment LLC Forge Strategic Partnership

In a landmark event that underscores the commitment to innovation and economic growth, TEDCO, the Technology Development Corporation of Maryland, has signed a pivotal agreement with South Korea's Kunicorn Investment LLC. This collaboration is poised to foster cross-border partnerships that aim to strengthen the technology ecosystems of both Maryland and South Korea.

The agreement, signed on November 6, 2025, at the TEDCO 2025 Entrepreneur Expo, emphasizes collaborative efforts in identifying and nurturing high-potential startups. This partnership not only showcases the growing ties between these two regions but also marks a significant step in the broader commitment to supporting the next wave of entrepreneurial talent.

A Vision for Economic Empowerment

Maryland Governor Wes Moore highlighted the strategic importance of this partnership, stating, "This two-year agreement serves as a critical benchmark in our work to supercharge Maryland's economy and drive innovation in high-growth sectors." He expressed gratitude towards Kunicorn Investment LLC for their trust in Maryland's potential, emphasizing that entrepreneurship is the lifeblood of a robust economy. This partnership is expected to lead to the creation of more small businesses, ultimately driving economic development and growth.

Kunicorn Investment LLC aims to leverage a comprehensive network of venture capitalists and investment entities dedicated to nurturing South Korean startups. The partnership with TEDCO allows for the joint evaluation of technology startups, technology valuation, feasibility assessments, and facilitating access to government support programs. Victor Chang, a partner at Kunicorn, stated, "We are delighted to partner with TEDCO to bring together startups and entrepreneurs from both countries, fostering collaboration and unlocking new opportunities for innovation and cross-border growth."

Enhancing Opportunities in Innovation

The TEDCO 2025 Entrepreneur Expo acted as an ideal backdrop for this agreement. The expo showcased various resources available throughout Maryland and provided abundant opportunities for entrepreneurs to network through workshops, discussions, and company exhibitions. Celebrated as the premier event for the entrepreneurial community, the expo not only fostered relationships but also inspired new ideas and innovation among attendees.

TEDCO's CEO, Troy LeMaile-Stovall, echoed the sentiments of collaboration that this agreement encapsulates, stating, "TEDCO and Kunicorn have similar goals – we are creating more opportunities for growth across the innovation ecosystem. We believe by leveraging this parallel, we can push both ecosystems forward, allowing for continued innovative growth and economic development in both areas."

About TEDCO and Kunicorn Investment

TEDCO actively works to enhance Maryland's economic growth by fostering an inclusive entrepreneurial ecosystem. The organization identifies, invests in, and supports technology and life science-based companies. Further information about TEDCO's resources and investments can be found at TEDCO's official site.

Kunicorn Investment, located in Seoul, is a venture capital firm focused on technology-driven businesses and intellectual property commercialization. Their dedicated approach to fostering innovations positions them as a pivotal player in supporting global market expansion for startups.

This strategic alliance between TEDCO and Kunicorn Investment LLC reflects a commitment to nurturing entrepreneurship and innovation, paving the way for an exciting and prosperous tech landscape in both regions.