Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ECONOMIC DEVELOPMENT |
DIVISION II. INDEPENDENT AND REGIONAL DEVELOPMENT UNITS AND RESOURCES |
TITLE 10. STATEWIDE DEVELOPMENT RESOURCES AND REVENUE AUTHORITIES |
SUBTITLE 4. MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION |
PART V. MARYLAND INNOVATION INITIATIVE. |
§ 10-454. Definitions
Latest version.
-
(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.