TEDCO Invests in a Rural Maryland Pre-Seed Company
Opal HTM is a White Plains-based tech company
COLUMBIA, Md. (November 17, 2021)—TEDCO, Maryland’s economic engine for technology companies, announced today that its Rural Business Innovation Initiative (RBII) made a $25,000 investment in Opal HTM, a White Plains, Md.-based, technology company.
“TEDCO’s RBII companies benefit from the guidance and support of our mentors and other TEDCO programs,” said Tiffany Davis, venture growth advisor, Prince George’s County, TEDCO. “It’s inspiring to see companies like Opal HTM developing innovative solutions for the long-term growth and sustainability of our ecosystem.”
Opal HTM, founded by Connor Roberts, developed a patented system that improves hospital efficiency by reshaping how medical equipment is managed and maintained. The system uses wireless sensors to track where, when, and how often medical equipment is used, providing end users with a real-time, high-precision account of equipment utilization. Opal HTM then analyzes this data to pinpoint costly inefficiencies, helping hospital staff sharply reduce equipment-related expenses through optimized inventory, procurement, and maintenance without compromising quality of patient care.
“We’re thrilled to have TEDCO on board as an investor in Opal HTM. TEDCO’s RBII has been an invaluable partner to Opal HTM since our earliest days, and we owe so much of our continued growth and success to the resources they have provided,” said Connor Roberts, Founder. “I’d like to give a shoutout to Tiffany Davis, our RBII mentor, whose frequent strategy sessions kept us grounded and on track towards commercialization even in the face of a global pandemic. This investment marks a new, exciting chapter in our partnership with TEDCO, and we look forward to leveraging these resources towards our mission of improving hospital efficiency through optimized healthcare technology management.”
TEDCO’s RBII is designed to enhance technology commercialization and provide technical and business assistance to small and early-stage companies in rural Maryland. To learn more about mentoring and funding opportunities from RBII, visit https://www.tedcomd.com/resources/rural-business-innovation-initiative.