TEDCO, Maryland’s economic engine for technology companies, announced today its Builder Fund invested $100,000 in The Black Brain Trust, a DEI technology start-up based in Maryland. TEDCO’s Builder Fund invests in and provides executive support to Maryland-based technology companies run by entrepreneurs who demonstrate economic disadvantage.
“We’re proud to have created a tool—EquiScore BI™—to help companies make data-driven decisions to track and measurably improve DEI,” said Angel St. Jean, CEO of The Black Brain Trust. “TEDCO’s recent investment means The Black Brain Trust can bring our platform to market this year and meet the high demand we already have for our product.”
The Black Brain Trust, based in Baltimore City, is a social technology company focused on creating a more equitable world. It’s core product, EquiScore BI™, is designed to be the “Workday for DEI professionals.” It addresses the unique challenges faced by DEI officers and consultants, helping them collect and aggregate comprehensive DEI data in one place to be analyzed, tracked and improved. It puts DEI leaders in a position to support teams across business operations whose decisions ultimately impact equity in the company. According to St. Jean, “EquiScore BI™ brings leaders across the company into the data collection and analysis process so they understand the role they play in their company’s equity position and provides them with the information they need to guide equitable decision-making.”
“The Black Brain Trust’s platform creates a more transparent and equitable workplace, a product that is closely aligned with our Builder fund goals,” said Jean-Luc Park, senior director of Social Impact Funds at TEDCO. “TEDCO is proud to support innovative products that empower future generations to lessen inequalities in the workplace—and we encourage technology entrepreneurs in this space to connect with us.”
For entrepreneurs applying for their first investment from TEDCO’s Builder Fund, their company must be based in Maryland and led by an economically disadvantaged founder(s). For information on how to access TEDCO’s Builder Fund investment application, visit https://www.tedcomd.com/funding/builder-fund.
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.