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

2. B. Terms Defined.

   1. (1) “Award” means grants, equity financing, debt financing, and other financial assistance provided under the Program.
   2. (2) “Fund” means the Maryland Small Business Innovation Research and Technology Transfer Incentive Matching Fund as described in §§10-473—10-478 of the Act.
   3. (3) “Fiscal year” means the 12-month period from July 1 through the following June 30.
   4. (4) “Program” means the Maryland Small Business Innovation Research and Technology Transfer Incentive Program as described in §§10-473—10-478 of the Act.
   5. (5) “Proposal” means the proposal submitted by the business to an agency of the federal government for a SBIR or STIR award.
   6. (6) “Qualified business” has the meaning stated in §10-401(g) of the Act.
   7. (7) “SBIR award” means the small business innovation research award and has the meaning stated in §10-473 of the Act.
   8. (8) “STTR award” means the small business technology transfer award and has the meaning stated in §10-473 of the Act.

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

Effective date:

Regulations .01 — .07 adopted effective March 17, 2025 (52:5 Md. R. 238)