In this part the following words have the meanings indicated. “Commercialization” means the process of introducing a new product or technology into the market. “Fund” means the Maryland Innovation Initiative Fund established under § 10–457 of this subtitle. “Initiative” means the Maryland Innovation Initiative established under § 10–455 of this subtitle. “Participating members” means the representatives described in § 10–455(b) of this subtitle. “Qualifying university” means a public or private university that meets the requirements set forth under § 10–455(c) of this subtitle. “Technology transfer” means the process of converting scientific and technological advances into marketable goods and services. “University” means a nonprofit, research university located in Maryland.