§ 10-402. Established

Latest version.

   (a) In general. -- There is a Maryland Technology Development Corporation.

(b) Status. -- The Corporation is a body politic and corporate and is an instrumentality of the State.

(c) Purposes. -- The purposes of the Corporation are to:

   (1) assist in transferring to the private sector the results and products of scientific research and development conducted by colleges and universities;

   (2) assist in commercializing those results and products;

   (3) assist in commercializing technology developed in the private sector; and

   (4) foster the commercialization of research and development conducted by colleges, universities, and the private sector to create and sustain businesses throughout all regions of the State.

HISTORY: An. Code 1957, art. 83A, § 5-2A-02; 2008, ch. 306, § 2.

                    
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