# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 4. Maryland Technology Development Corporation

#### Section 10-456

The purpose of the Initiative is to: 

(1) promote the commercialization of research conducted in universities in the State;

(2) encourage qualifying universities to partner on commercialization and other activities, including with federal laboratories located in Maryland; and

(3) facilitate the transfer of technology from universities to commercial industries, by:

  (i) assessing the viability and value of the technology;

  (ii) defining and exploiting potential markets for the technology;

  (iii) identifying funding sources to support the development of the technology; and

  (iv) developing commercialization strategies.

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