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Statutes Text

Article - Economic Development


    (a)    In this part the following words have the meanings indicated.

    (b)    “Commercialization” means the process of introducing a new product or technology into the market.

    (c)    “Fund” means the Maryland Innovation Initiative Fund established under § 10–457 of this subtitle.

    (d)    “Initiative” means the Maryland Innovation Initiative established under § 10–455 of this subtitle.

    (e)    “Participating members” means the representatives described in § 10–455(b) of this subtitle.

    (f)    “Qualifying university” means a public or private university that meets the requirements set forth under § 10–455(c) of this subtitle.

    (g)    “Technology transfer” means the process of converting scientific and technological advances into marketable goods and services.

    (h)    “University” means a nonprofit, research university located in Maryland.

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