Section 10-402 - Established. - Maryland Statutes

§ 10-402. Established.
 

(a)  In general.- There is a Maryland Technology Development Corporation. 

(b)  Status.- The Corporation is a body politic and corporate and is an instrumentality of the State. 

(c)  Purposes.- The purposes of the Corporation are to: 

(1) assist in transferring to the private sector the results and products of scientific research and development conducted by colleges and universities; 

(2) assist in commercializing those results and products; 

(3) assist in commercializing technology developed in the private sector; and 

(4) foster the commercialization of research and development conducted by colleges, universities, and the private sector to create and sustain businesses throughout all regions of the State. 
 

[An. Code 1957, art. 83A, § 5-2A-02; 2008, ch. 306, § 2.]