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<section article="gec" article_name="Economic Development" number="10-402" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="4" subtitle_name="Maryland Technology Development Corporation">
  <level label="a">
    <text>There is a Maryland Technology Development Corporation.</text>
  </level>
  <level label="b">
    <text>The Corporation is a body politic and corporate and is an instrumentality of the State.</text>
  </level>
  <level label="c">
    <text>The purposes of the Corporation are to:</text>
    <level label="1">
      <text>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;</text>
    </level>
    <level label="2">
      <text>assist in commercializing those results and products;</text>
    </level>
    <level label="3">
      <text>assist in commercializing technology developed in the private sector;</text>
    </level>
    <level label="4">
      <text>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;</text>
    </level>
    <level label="5">
      <text>generally assist early–stage and start–up businesses in the State;</text>
    </level>
    <level label="6">
      <text>invest in Maryland–based technology companies and promote the commercialization and growth of technology companies and jobs in the State;</text>
    </level>
    <level label="7">
      <text>build a long–term entrepreneurial capacity and sustained venture capital presence in the State;</text>
    </level>
    <level label="8">
      <text>create pathways to follow–on financing in the State; and</text>
    </level>
    <level label="9">
      <text>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.</text>
    </level>
  </level>
  <level label="d">
    <text>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.</text>
  </level>
</section>
