§ 10-702. Legislative findings; intent

   (a) Findings. -- The General Assembly finds that:

   (1) small businesses are a major source of new jobs and innovations in the State;

   (2) the State's research capacity could spur innovation in new and existing businesses to create and maintain jobs in the State; and

   (3) an inadequate supply of seed capital financing and venture capital funds has limited the commercialization of research and development in the State.

(b) Intent. -- The General Assembly intends for the Trust to:

   (1) help fill the gap in the State's economy caused by the inadequate supply of seed capital financing and venture capital funds; and

   (2) stimulate the commercialization of research and development to create and sustain businesses throughout the State.

HISTORY: An. Code 1957, art. 83A, § 5-303; 2008, ch. 306, § 2.