§ 10-702

Maryland § 10-702

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 10

Text

(a) 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) 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.