(a) In this part the following words have the meanings indicated.
(b) “Commercialization” means the process of introducing a new product or technology into the market.
(c) “Fund” means the Maryland Innovation Initiative Fund established under § 10–457 of this subtitle.
(d) “Initiative” means the Maryland Innovation Initiative established under § 10–455 of this subtitle.
(e) “Participating members” means the representatives described in § 10–455(b) of this subtitle.
(f) “Qualifying university” means a public or private university that meets the requirements set forth under § 10–455(c) of this subtitle.
(g) “Technology transfer” means the process of converting scientific and technological advances into marketable goods and services.
(h) “University” means a nonprofit, research university located in Maryland.