The state and five universities are spending upwards of $5.8 million to help startups move from a concept to a company.
Senate Bill 239/House Bill 442 establishes the Maryland Innovation Initiative Fund under the aegis of the Maryland Technology Development Corporation, or TEDCO. The bill passed the Maryland House and Senate and awaits the signature of Gov. Martin O’Malley, who is expected to sign it.
“Maryland has premiere research universities but it ranks low on technology transfer,” Brian Levine, vice president, government relations, Tech Council of Maryland, says of the fund, which is intended to remedy that situation.
To read the full, original article click on this link: State Establishes New Tech Transfer Fund
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