Maryland Department of Business and Economic Development Section 5-301

      (a)      In this section the following words have the meanings indicated.

      (b)      "Participating investors" means any persons or legal entities which invest money in the Maryland Venture Capital Trust.

      (c)      "Seed capital financing" means financing provided to a business enterprise in the initial stages of its development and includes financing to finish research and development of a product, develop marketing plans, and provide for initial facilities, inventory, and working capital for the business enterprise.

      (d)      "Trust" means the Maryland Venture Capital Trust.

      (e)      "Venture capital fund" means an investment fund providing capital to a business enterprise at any stage of its development before any public offering of stock.