# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 4. Maryland Technology Development Corporation

#### Section 10-458

(a) The Initiative may:

  (1) 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;

  (2) pursue grants, other funds, and in-kind contributions for the Initiative or its qualifying universities;

  (3) develop and implement guidelines for technology transfer; and

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

(b) The grant funding or equity investment financing in subsection (a) of this section shall be awarded:

  (1) to support pre-commercial research on intellectual property to increase the likelihood of commercializing the intellectual property;

  (2) to defray costs of evaluating the feasibility of a technology becoming commercialized through a start-up company;

  (3) to defray the direct costs of developing early stage technology through a start-up entity;

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

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

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