# COMAR Title 14 — Independent Agencies

## Subtitle 04 — Maryland Technology Development Corporation

### Chapter 11 — Pava LaPere Innovation Acceleration Grant Program

#### Regulation .02 Eligibility.

*COMAR 14.04.11.02*

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.