# COMAR Title 14 — Independent Agencies

## Subtitle 04 — Maryland Technology Development Corporation

### Chapter 09 — Maryland Equity Investment Fund

#### Regulation .06 Investment Criteria.

*COMAR 14.04.09.06*

In General. In addition to the investment criteria set forth in COMAR 14.04.02.05, TEDCO shall consider the following investment criteria:

A. Whether the market opportunity is appropriate for venture capital;

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

C. 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;

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

E. 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.