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Statutes Text

Article - Economic Development




§10–834.

    The Institute may:

        (1)    maintain offices at the University of Maryland, College Park;

        (2)    coordinate and promote energy research and education at the University of Maryland, College Park, including its relevant energy centers, as well as at other academic institutions;

        (3)    provide energy policy innovation advice to State and federal units;

        (4)    collaborate with other academic institutions, governmental units, foundations, and industrial companies for clean energy research and innovation;

        (5)    pursue grants, other funds, and in–kind contributions for clean energy research and innovation;

        (6)    provide seed grant funding to academic institution–based entrepreneurs or entities, in order to promote the commercialization of clean energy technologies developed wholly or partly by an academic institution, but not duplicate existing seed grants made through the Maryland Technology Development Corporation;

        (7)    work with the Maryland Technology Enterprise Institute to jointly manage, operate, and maintain facilities for a clean energy incubator at the University of Maryland, College Park;

        (8)    work with the Maryland Technology Enterprise Institute to expand Maryland Industrial Partnership Awards to promote the commercialization of clean energy technologies developed wholly or partly by an academic institution;

        (9)    work with the Maryland Technology Enterprise Institute and the University of Maryland Office of Technology Commercialization to:

            (i)    identify energy technologies at academic institutions that may be viable for commercialization; and

            (ii)    provide grant funding and investment financing to cover patent, facilities, and other costs not allowed under federal or state research grants to an academic institution–based entrepreneur or entity, in order to promote the commercialization of clean energy technologies developed wholly or partly by an academic institution;

        (10)    coordinate incubation and potential financing of academic institution–based entrepreneurs or entities with resources provided by the Center;

        (11)    work closely with State units, industrial partners, nongovernmental organizations, and federal agencies and laboratories to ensure effective implementation and execution of the State’s energy mission and vision, in collaboration with the Administration;

        (12)    undergo periodic reviews every 5 years consistent with University System of Maryland policies; and

        (13)    do all things necessary or convenient to carry out the powers granted by this part.



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