Citybiz Interview with Troy LeMaile-Stovall, CEO of TEDCO


Troy LeMaile-Stovall

As the CEO and Executive Director of  TEDCO—Maryland’s economic engine for technology companies—Troy leads the organization’s mission to support economic development through the cultivation of an inclusive entrepreneurial innovation ecosystem. He brings to bear more than 25 years of experience in investment management, higher education, telecommunications, information/communication technology, and management consulting in this leadership role.

Prior to joining TEDCO, Troy was the chief operating officer at the University of the District of Columbia (UDC), the nation’s only urban land-grant university. UDC encompasses a six-site community college, a four-year baccalaureate campus, and a law school, and serves 7,000 degree- and certificate-seeking students. He oversaw an array of critical functions at UDC, including capital construction, communications, emergency management, enrollment services, facilities management, government relations, information management, institutional research, marketing, public safety, risk management, and strategic planning, to name a just a few.

An entrepreneur at heart and in spirit, Troy founded the management consulting firms LeMaile-Stovall LLC and GTMS Partners, LLC. He also co-founded and served as the first president and CEO of GulfSouth Capital. His resume includes positions as the interim president of Zenith Education Group; principal at Butler Snow Advisory Services; executive vice president and chief operating officer of Howard University; and senior vice president and chief financial officer Jackson State (Mississippi) University, where he was awarded the Thurgood Marshall HBCU CFO of the Year. Earlier in his career, Troy held positions at McKinsey & Company, Southwestern Bell Telephone (now AT&T), AT&T Bell Labs, and Rockwell international.

Troy is a subject matter expert in capital stack formation and a frequent speaker on venture capital, economic development, and higher education administration, among other topics. He has published articles on entrepreneurship, venture capital, economic development, diversity and inclusion, and higher education.

Troy graduated cum laude from Southern Methodist University with a bachelor of science in electrical engineering. He earned a master’s of science in computer science from Stanford University as a Bell Labs One Year on Campus Fellow, and an MBA from Harvard University. He was included in the Leadership Greater Washington Signature Program Class of 2019.

Troy gives back to his community in volunteer roles and has held board seats at Parkway Properties, Archipelago Learning, Internet America, School Status, the National Society of Black Engineers, Southern Methodist University (SMU) School of Engineering and Department of Electrical Engineering, DC Chamber of Commerce, MemberSuite, MuniStrategies, DC Housing Enterprises, National Association of College and University Business Officers (NACUBO), and Zion Church.

Troy has also coached an award-winning youth robotics team, and is a USA Swimming-certified stroke-and-turn coach and chief judge official. A triathlete himself, he is married to marathoner Sonya L. Wiggins and is the father of two multi-talented young athletes, Zora Lauren and Langston Anthony.

Interview questions:

Career | Your career has covered a broad range of industries including recently Chief Operating Officer at the University of the District of the Columbia. Tell us about your background and journey to becoming CEO of TEDCO?

Tedco Today | Can you provide an overview of TEDCO and its mission? How many different funds, portfolio companies and key members of the team?

COVID 19 | How has your organization adapted during COVID? What challenges are small businesses facing? What is your best advice to entrepreneurs during this time?

Funds |TEDCO has a broad range of funds from pre-seed to venture to tech transfer. Can you provide an overview of the different funds at TEDCO?

Portfolio Companies | Please describe some of the companies in TEDCO’s portfolio.

Spotlight | This year, a number of TEDCO portfolio companies had significant financing and traction - Curbio ($25 million financing in November) , ClearMask ( 12 million masks)..... Please highlight some of these companies?

Maryland Future 20 |12 of the 20 Maryland Future 20 list were TEDCO portfolio companies. Can you tell us about some of the companies that made the Maryland Future list?

New Executives | This year, TEDCO announced new executive hires, you and Terry Rauh. Please tell us about your roles and impact.

Partnerships | Can you tell us about some of the partnerships and successful initiatives that have made TEDCO a leader in Maryland’s innovation ecosystem?

TEDCO Talks | TEDCO recently announced TEDCO Talks. What is the focus of this video series? Who are some of the featured guests?

Diversity | How is your organization addressing diversity and inclusion?

Maryland | What excites you about Maryland’s innovation system?

Future Plans | What are your future plans for TEDCO?

About TEDCO - Leading Innovation to Market: TEDCO provides Maryland entrepreneur funding, resources and connections that early stage technology and life sciences companies need to thrive in Maryland. Learn more at

Recent press releases

Maryland Venture Fund Authority Public Meeting Notice 12/2/2020

TEDCO Portfolio Companies Make the Maryland Future 20 List

TEDCO Board of Directors Public Meeting Notice 11/19/2020

TEDCO’s CEO Launches TEDCO Talks

TEDCO Leader Selected as DC Chamber’s Choice Honoree

TEDCO Announces Collaboration to Develop AI-Enabled Entrepreneurial Resource

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