§ 10-458
175 words·~1 min read·
/md/economic-development/10-458A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–458.
(a)The Initiative may:
(1)provide grant funding or equity investment financing to a qualifying university, qualifying university–based entrepreneur, or other start–up entity, to promote the commercialization of technology developed in whole or in part by a qualifying university;
(2)pursue grants, other funds, and in–kind contributions for the Initiative or its qualifying universities;
(3)develop and implement guidelines for technology transfer; and
(4)identify projects at qualifying universities that may be viable for commercialization.
(b)The grant funding or equity investment financing in subsection
(a)of this section shall be awarded:
(1)to support pre–commercial research on intellectual property to increase the likelihood of commercializing the intellectual property;
(2)to defray costs of evaluating the feasibility of a technology becoming commercialized through a start–up company;
(3)to defray the direct costs of developing early stage technology through a start–up entity;
(4)to assess intellectual property issues, including licensing and patents; or
(5)for any other costs that the Initiative’s participating members determine are appropriate to promote technology transfer and commercialization in the State.