1. A. Except as otherwise provided in this subtitle, the following terms have the meanings indicated.

2. B. Terms Defined.

   1. (1) “Award” means a $50,000 grant to a qualifying applicant.
   2. (2) “Baltimore-Columbia-Towson MSA” means the Metropolitan Statistical Area in Maryland, as defined by the United States Office of Budget and Management.
   3. (3) “Chief Executive Officer designee” means a TEDCO employee to whom the TEDCO’s Chief Executive Officer has designated decision making authority.

   4. (4) Metrics.

      1. (a) “Metrics” means performance criteria and measures established by the applicant for the applicant’s grant proposal.
      2. (b) “Metrics” may include but is not limited to the project’s potential impact on fostering growth of the entrepreneurial innovation ecosystem in the State.
   5. (5) “Postsecondary institution located in the Baltimore-Columbia-Towson MSA” means universities and colleges stated in §10-462.1 of the Act.
   6. (6) “Program” means the Pava LaPere Innovation Acceleration Grant Program.

Authority: Economic Development Article, §10-462, Annotated Code of Maryland

Effective date: January 20, 2025 (52:1 Md. R. 19)