Md. Code Regs. 14.04.11.02

Current through Register Vol. 52, No. 1, January 10, 2025

Section 14.04.11.02 - [Effective 1/20/2025] Eligibility

A. Eligibility Criteria. TEDCO may make an award to an applicant, if TEDCO determines the applicant meets all of the following criteria:

(1) The applicant is a technology-based start-up company;

(2) The founder of the applicant are students of a postsecondary institution located in the Baltimore-Columbia-Towson MSA;

(3) The applicant has its principal place of business located in the Baltimore-Columbia-Towson MSA; and

(4) The applicant agrees to use at least 20 percent of the award to hire third-party consultants for planning, development, regulatory compliance, or other technical assistance related to establishing a start-up company unless upon applicant's request, TEDCO provides a waiver thereto.

B. Verification of Information Submitted to TEDCO. An applicant shall verify, in a form approved by the Office of the Attorney General, the information the applicant submits to TEDCO in an application for an award.

Md. Code Regs. 14.04.11.02

Regulation .02 adopted effective 52:1 Md. R. 1-46, eff. 1/20/2025.