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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION II. INDEPENDENT AND REGIONAL DEVELOPMENT UNITS AND RESOURCES |
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TITLE 10. STATEWIDE DEVELOPMENT RESOURCES AND REVENUE AUTHORITIES |
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SUBTITLE 4. MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION |
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PART IV. COORDINATING EMERGING NANOBIOTECHNOLOGY RESEARCH IN MARYLAND PROGRAM |
§ 10-450. Applications; eligibility; priority
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(a) Application process; criteria. -- The Corporation shall adopt regulations to establish:
(1) a competitive application process; and
(2) criteria and procedures for awarding grants from the Fund to eligible recipients.
(b) Eligibility; priority. --
(1) In accordance with this part, all private sector entities in the State and all institutions of higher education in the State may be eligible recipients of grants.
(2) Priority for the award of any grant shall be given to those projects that are most likely to:
(i) attract significant investment in the State;
(ii) leverage significant additional grant or research funding from federal or private sector sources; or
(iii) establish the State as a key location for nanobiotechnology research and industry.