Section 10-702 - Legislative findings; intent.
§ 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.]