Truvelop Receives Investment from TEDCO Commercialization Fund of Maryland

March 9, 2021

We are honored and excited to announce an investment of $200,000 through the TEDCO Technology Commercialization Fund. 

TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. 

“TEDCO’s investment is critical to supporting our capacity to continue developing the Truvelop app to meet the ever-evolving needs of companies and management teams to monitor and evaluate employee performance and drive employee engagement,” shares Truvelop CEO Lisa First-Willis 

​Lisa, a career HR executive, has participated in TEDCO’s Women Executive Leadership Roundtable for the past 2 years. 

Our desktop and mobile app is a SaaS best in breed performance management and development solution that provides an efficient way to manage performance and development continuously while improving manager and employee relationships. Truvelop utilizes data science and artificial intelligence to recognize employee performance patterns, predict employee outcomes, identify strengths and weaknesses to better inform management responses.  

According to Lisa, “Talent management strategies have shifted as a direct result of COVID-19. Identifying high performers and developing under-performers or exiting low performers quickly – is more important than ever before and the focus on internal talent mobility and development is paramount. Companies that most effectively manage their talent during the pandemic and beyond are the ones that are most likely to succeed. Businesses will need to do more with less, step in quickly to help those team members who are struggling and ensure top talent is retained.”   

Alicia Raymond, Head of People & Culture, for b.well Connected Health, one of our newest clients, shares, “As a growing company with teams across many states, we need a tool to empower our leaders to provide real time thoughtful, data-driven feedback. A performance management platform that enhances our feedback process while driving engagement and career opportunities propels our leaders and employees for success. We are excited to provide a cutting-edge tool that will continue to drive our goals and mission for b.well.” 

Truvelop has proven effective, even in the most challenging work environments. With Truvelop, managers are able to proactively manage their teams by recognizing top performers, motivating those who need an extra push or nudge and coaching those team members who are falling behind and could benefit from mindset changes or development planning. Colin Ward, Interim Chief Operating Officer at Upper Chesapeake Health System explains, “The Truvelop platform provides tremendous insight into performance and engagement of the front-line team while also helping our managers become more skillful at providing focused feedback to drive achievement of our health system goals.”  

Ivana Rochac, HR Director, for Apartment Turnovers, a multi-site operation that dispatches workers to field locations daily explains that “Managing remote teams can be a challenge. What is different about Truvelop is keeping the human element in mind. It’s not just how people get their work done. It’s how we connect with them – providing immediate feedback, supporting open communication and developing their potential. Partnering with Truvelop will help us create an environment where people find their own happiness.” 

Its time to modernize your approach to performance management and development. Truvelop can help. Contact our Sales Team today to learn more and schedule a demo!