Primary Industry: Environment
Organization Type: Venture Capital/Investment
The Chesapeake Bay Seed Capital Fund will invest $250,000 annually over a three-year period into Maryland-based startup companies with innovative technologies that may help improve air and water quality in the Chesapeake Bay area. Fund recipients are jointly selected by the Maryland Technology Enterprise Institute (Mtech) and the Maryland Department of Natural Resources (DNR).
The Chesapeake Bay Capital Seed Fund is a strategic initiative announced by Governor Martin OMalley on Nov. 20, 2008 as part of the Chesapeake Executive Council. The goal of the fund is to accelerate the flow of capital to innovative ventures creating sustainable solutions to restoring the Chesapeake Bay and its watershed.