<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".06" citation="COMAR 14.04.05.06" title_num="14" subtitle_num="04" chapter_num="05" heading="Investment Criteria.">
  <text>In addition to the investment criteria set forth in COMAR 14.04.02.05, TEDCO shall consider whether:</text>
  <paragraph num="A.">
    <text>The market opportunity is appropriate for a seed-stage investment;</text>
  </paragraph>
  <paragraph num="B.">
    <text>The applicant has the potential to secure institutional venture capital from other investors; and</text>
  </paragraph>
  <paragraph num="C.">
    <text>The management team has the skills and ability to effectively secure an institutional venture investment.</text>
  </paragraph>
</regulation>