Current with changes from the 2024 Legislative Session
Section 10-702 - Legislative findings; intent(a) The General Assembly finds that: (1) small businesses are a major source of new jobs and innovations in the State;(2) the State's research capacity could spur innovation in new and existing businesses to create and maintain jobs in the State; and(3) an inadequate supply of seed capital financing and venture capital funds has limited the commercialization of research and development in the State.(b) The General Assembly intends for the Trust to:(1) help fill the gap in the State's economy caused by the inadequate supply of seed capital financing and venture capital funds; and(2) stimulate the commercialization of research and development to create and sustain businesses throughout the State.