<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".04" citation="COMAR 14.04.09.04" title_num="14" subtitle_num="04" chapter_num="09" heading="Investment Philosophy and Types of Qualified Businesses.">
  <text>TEDCO seeks to invest in businesses that have demonstrated financial success and continued growth potential appropriate for subsequent venture investments or a public offering.</text>
</regulation>