§ 10-454
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/md/economic-development/10-454A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–454.
(a)In this part the following words have the meanings indicated.
(b)“Commercialization” means the process of introducing a new product or technology into the market.
(c)“Fund” means the Maryland Innovation Initiative Fund established under § 10–457 of this subtitle.
(d)“Initiative” means the Maryland Innovation Initiative established under § 10–455 of this subtitle.
(e)“Participating members” means the representatives described in § 10–455(b) of this subtitle.
(f)“Qualifying university” means a public or private university that meets the requirements set forth under § 10–455(c) of this subtitle.
(g)“Technology transfer” means the process of converting scientific and technological advances into marketable goods and services.
(h)“University” means a nonprofit, research university located in Maryland.