We are excited to announce the FY2026 MBIA COMMERCIALIZATION IMPACT GRANT (MCIG).
Purpose and Overview. With the support of TEDCO, the MCIG was designed to channel strategic funding through the MBIA Entrepreneurial Support Organization members and into eligible companies within their centers or program communities. The goal of this grant program is to provide strategic benefits to aid in the entrepreneurial advancement and commercialization efforts of promising innovative companies and propel success and growth in Maryland.
The program is a competitive process intended to reward the most impactful use of funds that will have the most significant and positive outcomes on Maryland’s innovation ecosystem and economy by promoting the use of Maryland-based vendors and service providers. Grant funds should be directed to Maryland-based companies with innovative or disruptive, technology-enabled business models.
Through the FY26 MCIG Program, we’re looking to award a total of $45,000. The maximum grant amount a single applicant can receive is $5,000.
Eligibility: Active portfolio members from this list of current FY26 MBIA ESO Members are eligible to apply.
Important Details: For key details about the FY26 MCIG, including information about the use of funds, application requirements, eligible uses of funds, review criteria, program timeline, and requirements for the final report, please review the FY26 MCIG Program Announcement.
Information Sessions:
- MCIG Information Session: Friday, May 1 @ 10am ET JOIN HERE
- During this session, we will go over the important details outlined in the FY26 MCIG Program Announcement
- MCIG Office Hours: Wednesday, May 6 @ 12 pm ET (JOIN HERE)
Application
A link to the application form can be found on the MBIA website.
We recommend you prepare your application with one of bwtech’s Entrepreneurs-in-Residence. If you prefer to apply without an EiR review, please provide us with a copy of your submission.
Questions? Reach out to the MBIA team
Call for MCIG Reviewers
MBIA is seeking volunteer reviewers to evaluate applications for the FY26 MCIG, a competitive grant program supported by TEDCO.
About the Grant. The MCIG can award up to $5,000 to Maryland-based, technology-enabled startups working to advance commercialization and innovation in the state. The MCIG 2026 Program has a total of $45,000 to distribute.
Reviewer Role. Reviewers will assess applications based on the potential impact on Maryland’s innovation ecosystem, strength of the proposed use of funds, and the company’s growth trajectory. Applications close May 22, 2026 at 5pm ET, and review will occur over the following 2-3 weeks.
Are You Interested? We welcome reviewers with experience in entrepreneurship, technology commercialization, venture investment, or business development. Familiarity with Maryland’s startup ecosystem is a plus.
How to Get Involved: If you are interested in serving as a reviewer, please submit your interest to the MBIA team through this short form by Monday, May 4th and we will be in touch.