Regulation .02 Eligibility.
Regulation .02 Eligibility.LinkCopy Citation
A.
Eligibility Criteria. TEDCO may make an award to an applicant, if TEDCO determines the applicant meets all of the following criteria:
(1)
The applicant is a technology-based start-up company;
(2)
The founder of the applicant are students of a postsecondary institution located in the Baltimore-Columbia-Towson MSA;
(3)
The applicant has its principal place of business located in the Baltimore-Columbia-Towson MSA; and
(4)
The applicant agrees to use at least 20 percent of the award to hire third-party consultants for planning, development, regulatory compliance, or other technical assistance related to establishing a start-up company unless upon applicant’s request, TEDCO provides a waiver thereto.
B.
Verification of Information Submitted to TEDCO. An applicant shall verify, in a form approved by the Office of the Attorney General, the information the applicant submits to TEDCO in an application for an award.