# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 4. Maryland Technology Development Corporation

#### Section 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 Sec. 10-457 of this subtitle.

(d) "Initiative" means the Maryland Innovation Initiative established under Sec. 10-455 of this subtitle.

(e) "Participating members" means the representatives described in Sec. 10-455(b) of this subtitle.

(f) "Qualifying university" means a public or private university that meets the requirements set forth under Sec. 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.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)