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(a) There is a Maryland Technology Development Corporation.
(b) The Corporation is a body politic and corporate and is an instrumentality of the State.
(c) The purposes of the Corporation are to:
(1) assist in transferring to the private sector the results and products of scientific research and development conducted by colleges, universities, and federal research institutions in the State;
(2) assist in commercializing those results and products;
(3) assist in commercializing technology developed in the private sector;
(4) foster the commercialization of research and development conducted by colleges, universities, and the private sector to create and sustain businesses throughout all regions of the State;
(5) generally assist early-stage and start-up businesses in the State;
(6) invest in Maryland-based technology companies and promote the commercialization and growth of technology companies and jobs in the State;
(7) build a long-term entrepreneurial capacity and sustained venture capital presence in the State;
(8) create pathways to follow-on financing in the State; and
(9) foster inclusive and diverse entrepreneurship and innovation throughout the State, which may include initiatives to raise awareness of programs to assist small, minority, and women-owned businesses through marketing and other efforts.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-402 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-402/
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