Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
(d) In accordance with § 10-834 of this title, the Corporation and the Maryland Clean Energy Center shall coordinate with the Maryland Energy Innovation Institute in supporting Maryland-based technology companies engaged in clean energy innovation.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-402 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-402/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)