The purpose of the Initiative is to:
(1) promote the commercialization of research conducted in universities in the State;
(2) encourage qualifying universities to partner on commercialization and other activities, including with federal laboratories located in Maryland; and
(3) facilitate the transfer of technology from universities to commercial industries, by:
(i) assessing the viability and value of the technology;
(ii) defining and exploiting potential markets for the technology;
(iii) identifying funding sources to support the development of the technology; and
(iv) developing commercialization strategies.