Md. Code, Econ. Dev. § 10-456

Current with changes from the 2024 Legislative Session

Section 10-456 - Purpose of Initiative

The purpose of the Initiative is to:

(1) promote the commercialization of research conducted in universities in the State;

(2) encourage qualifying universities to partner on commercialization and other activities, including with federal laboratories located in Maryland; and

(3) facilitate the transfer of technology from universities to commercial industries, by:

(i) assessing the viability and value of the technology;

(ii) defining and exploiting potential markets for the technology;

(iii) identifying funding sources to support the development of the technology; and

(iv) developing commercialization strategies.

Md. Code, EC § 10-456

Amended by 2020 Md. Laws, Ch. 580,Sec. 1, eff. 10/1/2020.