§ 10-454. Definitions  


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

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

    (c) Corporation. -- "Corporation" means the Maryland Technology Development Corporation.

    (d) Fund. -- "Fund" means the Maryland Innovation Initiative Fund established under § 10-457 of this part.

    (e) Initiative. -- "Initiative" means the Maryland Innovation Initiative established under § 10-455 of this part.

    (f) Participating members. -- "Participating members" means the representatives described in § 10-455(b) of this part.

    (g) Qualifying university. -- "Qualifying university" means a public or private university that meets the requirements set forth under § 10-455(c) of this part.

    (h) Technology transfer. -- "Technology transfer" means the process of converting scientific and technological advances into marketable goods and services.

    (i) University. -- "University" means a not-for-profit, research university located in Maryland.


HISTORY: 2012, ch. 450.