Section 10-402 - Established.
§ 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.]