Section 10-702 - Legislative findings; intent. - Maryland Statutes

§ 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. 
 

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