Maryland and the MIDC have a number of funding programs to support Israeli and Maryland companies including:
- The Maryland Department of Commerce and several Maryland counties provide funding to international companies moving to the state. The Biotechnology and Cyber Security Investor Tax Credits are especially attractive and provide investors refundable income tax credits for investments in qualifying biohealth and cybersecurity companies.
- The Maryland Technology Development Corporation (TEDCO) provides financial support to entrepreneurs developing innovative technologies. To be eligible, Israeli companies must conduct the R&D in Maryland.
- The University of Maryland’s Maryland Industrial Partnerships (MIPS), a program provides grants for R&D collaboration between companies in Maryland and university scientists and engineers.
- Angel investors – The MIDC can help make introductions to local angel investors.
- Banking Introductions – The MIDC can introduce you to local and national commercial and investment banks for business loans, letters of credit, cash management and investment banking services for mergers and acquisitions and public offerings.
- US-Israel Bi-National Industrial R&D (BIRD) Foundation, a joint program of the U.S. Department of Commerce and Israeli Ministry of Economy and Trade, provides grants up to $1 million for new product development R&D conducted jointly by American and Israeli companies. The MIDC matches Maryland and Israeli companies for joint R&D projects. Examples include:
