§ 10–458

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;

pursue grants, other funds, and in–kind contributions for the Initiative or its qualifying universities;

develop and implement guidelines for technology transfer; and

identify projects at qualifying universities that may be viable for commercialization.

to support pre–commercial research on intellectual property to increase the likelihood of commercializing the intellectual property;

to defray costs of evaluating the feasibility of a technology becoming commercialized through a start–up company;

to defray the direct costs of developing early stage technology through a start–up entity;

to assess intellectual property issues, including licensing and patents; or

for any other costs that the Initiative’s participating members determine are appropriate to promote technology transfer and commercialization in the State.