The Rural and Underserved Business Recovery from Impact of COVID-19 (RUBRIC) program is an economic relief initiative to benefit socially and economically disadvantaged and rural early-stage technology-based businesses hit hardest by the COVID-19 pandemic. This program is supported by $5M recently allocated from the Governor.
The funds administered by TEDCO will be provided to early-stage companies that are impacted by the current crisis and are in need of bridge funding to survive and prosper as the downturn and COVID-19 crisis subsides. The funds will focus on companies that have the highest barriers to traditional financing but are still expected to scale to the next phase of fundraising.
To learn more about the program including eligibility requirements, funding structure, and review criteria, please read our Request for Applications document.
Any questions not addressed by the RFA can be directed to the Program staff at Rubric@tedco.md.
Thank you for your interest in the RUBRIC program.