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Bill > SB398
MD SB398
MD SB398Maryland Small Business Innovation Research and Technology Transfer Incentive Program
summary
Introduced
01/27/2020
01/27/2020
In Committee
03/17/2020
03/17/2020
Crossed Over
03/15/2020
03/15/2020
Passed
03/18/2020
03/18/2020
Dead
Vetoed
05/07/2020
05/07/2020
Introduced Session
2020 Regular Session
Bill Summary
Establishing the Maryland Small Business Innovation Research and Technology Transfer Incentive Program to foster job creation and economic development in the State by promoting the commercialization of research, facilitating the transfer of certain technology, and encouraging small businesses to apply for certain grants; establishing qualifications for participation in the Program; authorizing the Program to provide certain awards and investments to certain businesses, subject to certain limitations; etc.
AI Summary
This bill establishes the Maryland Small Business Innovation Research and Technology Transfer Incentive Program to foster job creation and economic development in the state by promoting the commercialization of research, facilitating the transfer of technology from universities and federal research labs to small businesses, and encouraging small businesses, including economically disadvantaged ones, to apply for federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. The bill sets qualifications for participation in the program, authorizes the program to provide awards and investments to eligible small businesses that have received SBIR or STTR grants, creates a Maryland Small Business Innovation Research and Technology Transfer Incentive Matching Fund to fund the program, and requires the Maryland Technology Development Corporation to administer the program and fund.
Committee Categories
Budget and Finance
Sponsors (8)
Brian Feldman (D)*,
Katie Hester (D),
Delores Kelley (D),
Kathy Klausmeier (D),
Obie Patterson (D),
Jim Rosapepe (D),
Chris West (R),
Ronald Young (D),
Last Action
Vetoed by the Governor (Policy) (on 05/07/2020)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0398?ys=2020RS |
| BillText | http://mgaleg.maryland.gov/2020RS/bills/sb/sb0398t.pdf |
| Vote Image | http://mgaleg.maryland.gov/2020RS/votes_comm/sb0398_fin.pdf |
| BillText | http://mgaleg.maryland.gov/2020RS/bills/sb/sb0398f.pdf |
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