(a) There is a Maryland Technology Development Corporation.
(b) The Corporation is a body politic and corporate and is an instrumentality of the State.
(c) The purposes of the Corporation are to:
(1) assist in transferring to the private sector the results and products of scientific research and development conducted by colleges, universities, and federal research institutions in the State;
(2) assist in commercializing those results and products;
(3) assist in commercializing technology developed in the private sector;
(4) foster the commercialization of research and development conducted by colleges, universities, and the private sector to create and sustain businesses throughout all regions of the State;
(5) generally assist early-stage and start-up businesses in the State;
(6) invest in Maryland-based technology companies and promote the commercialization and growth of technology companies and jobs in the State;
(7) build a long-term entrepreneurial capacity and sustained venture capital presence in the State;
(8) create pathways to follow-on financing in the State; and
(9) foster inclusive and diverse entrepreneurship and innovation throughout the State, which may include initiatives to raise awareness of programs to assist small, minority, and women-owned businesses through marketing and other efforts.
(d) In accordance with § 10-834 of this title, the Corporation and the Maryland Clean Energy Center shall coordinate with the Maryland Energy Innovation Institute in supporting Maryland-based technology companies engaged in clean energy innovation.