Md. Code Regs. 14.04.09.06

Current through Register Vol. 51, No. 24, December 2, 2024

Section 14.04.09.06 - Investment Criteria

In General. In addition to the investment criteria set forth in COMAR 14.04.02.05, TEDCO shall consider the following investment criteria:

A. Whether the market opportunity is appropriate for venture capital;

B. Whether the applicant, at the time it submits an application to TEDCO, is raising a minimum investment round of $2,000,000;

C. Whether the investment has the potential to generate returns of two times the amount of TEDCO's invested capital not more than 8 years from the date of the investment;

D. Whether the applicant presents a plausible exit strategy for investors; and

E. Whether the management team has the skills and ability to effectively secure an institutional venture investment concurrent with the investment of the Maryland Equity Investment Fund.

Md. Code Regs. 14.04.09.06

Regulation .06 adopted effective 50:18 Md. R. 800, eff. 9/18/2023