Maryland SB763 establishes the Maryland Growth Initiative to support start-up companies through funding and expertise.

Maryland SB763 creates the Maryland Growth Initiative within the Maryland Technology Development Corporation. The initiative aims to support the growth of start-up companies by identifying promising companies, facilitating private investment, assisting in infrastructure acquisition, and providing technical and business expertise. The Maryland Growth Initiative Fund, a special, nonlapsing fund, will provide postseed and Series A funding to qualified businesses. The Governor must include an appropriation of $5,000,000 for the initiative in the annual budget bill.

Maryland SB763 establishes the Maryland Growth Initiative to support start-up companies through funding and expertise.

Maryland SB763 creates the Maryland Growth Initiative within the Maryland Technology Development Corporation. The initiative aims to support the growth of start-up companies by identifying promising companies, facilitating private investment, assisting in infrastructure acquisition, and providing technical and business expertise. The Maryland Growth Initiative Fund, a special, nonlapsing fund, will provide postseed and Series A funding to qualified businesses. The Governor must include an appropriation of $5,000,000 for the initiative in the annual budget bill.