The purpose of the Initiative is to: (1) promote the commercialization of research conducted in universities in the State; (2) encourage qualifying universities to partner on commercialization and other activities, including with federal laboratories located in Maryland; and (3) facilitate the transfer of technology from universities to commercial industries, by: (i) assessing the viability and value of the technology; (ii) defining and exploiting potential markets for the technology; (iii) identifying funding sources to support the development of the technology; and (iv) developing commercialization strategies.
Maryland Legal Code