<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".06" citation="COMAR 14.04.09.06" title_num="14" subtitle_num="04" chapter_num="09" heading="Investment Criteria.">
  <text>In General. In addition to the investment criteria set forth in COMAR 14.04.02.05, TEDCO shall consider the following investment criteria:</text>
  <paragraph num="A.">
    <text>Whether the market opportunity is appropriate for venture capital;</text>
  </paragraph>
  <paragraph num="B.">
    <text>Whether the applicant, at the time it submits an application to TEDCO, is raising a minimum investment round of $2,000,000;</text>
  </paragraph>
  <paragraph num="C.">
    <text>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;</text>
  </paragraph>
  <paragraph num="D.">
    <text>Whether the applicant presents a plausible exit strategy for investors; and</text>
  </paragraph>
  <paragraph num="E.">
    <text>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.</text>
  </paragraph>
</regulation>