1. (a) In this part the following words have the meanings indicated.
2. (b) “Commercialization” means the process of introducing a new product or technology into the market.
3. (c) “Fund” means the Maryland Innovation Initiative Fund established under § 10-457 of this subtitle.
4. (d) “Initiative” means the Maryland Innovation Initiative established under § 10-455 of this subtitle.
5. (e) “Participating members” means the representatives described in § 10-455(b) of this subtitle.
6. (f) “Qualifying university” means a public or private university that meets the requirements set forth under § 10-455(c) of this subtitle.
7. (g) “Technology transfer” means the process of converting scientific and technological advances into marketable goods and services.
8. (h) “University” means a nonprofit, research university located in Maryland.

Added by Acts 2012, c. 450, § 1, eff. July 1, 2012. Amended by Acts 2017, c. 631, § 1, eff. Oct. 1, 2017; Acts 2020, c. 580, § 1, eff. Oct. 1, 2020; Acts 2021, c. 697, § 1, eff. July 1, 2021; Acts 2025, c. 217, § 1, eff. July 1, 2025.