Md. Code Regs. 14.04.06.06

Current through Register Vol. 52, No. 1, January 10, 2025

Section 14.04.06.06 - Investment Criteria

A. In General. In addition to the investment criteria set forth in 14.04.02.05, TEDCO shall consider the following investment criteria:

(1) Whether the market opportunity is appropriate for venture-stage investment;

(2) Whether the applicant, at the time it submits an application to TEDCO, is raising a minimum investment round of $2 million;

(3) Except for life sciences businesses, whether the applicant's quarterly revenues equal or exceed $250,000;

(4) Whether the investment has the potential to generate returns of two times the amount of TEDCO's invested capital not more than 8 years from the date of the investment;

(5) Whether the applicant presents a plausible exit strategy for investors;

(6) Whether the applicant can provide access to or information about its partners and customers;

(7) Whether the management team has the skills and ability to effectively secure an institutional venture investment or effectuate a successful exit for investors;

(8) Whether the applicant has the potential to secure institutional venture capital from other investors concurrent with Maryland Venture Fund; and

(9) Except for life science businesses, whether the applicant's annual growth rate equals or exceeds 20 percent.

Md. Code Regs. 14.04.06.06

Regulation .06 adopted effective 46:26 Md. R. 1167, eff. 12/30/2019