2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 10-708 - Preferred proposals
§10-708.
The Board shall give preference to venture capital fund proposals that:
(1) provide financing predominately to businesses that conduct a substantial amount of business in the State;
(2) require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and
(3) ensure that a majority of the money that the Trust invests is for seed capital financing in the State.
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