Regulation .06 Investment Criteria.

Whether the market opportunity is appropriate for venture capital;

Whether the applicant, at the time it submits an application to TEDCO, is raising a minimum investment round of $2,000,000;

Whether the investment has the potential to generate returns of two times the amount of TEDCO’s invested capital not more than 8 years from the date of the investment;

Whether the applicant presents a plausible exit strategy for investors; and

Whether the management team has the skills and ability to effectively secure an institutional venture investment concurrent with the investment of the Maryland Equity Investment Fund.