Maryland Small Business Innovation Research and Technology Transfer Incentive Program - Alterations

HB 1450 modifies Maryland's Small Business Innovation Research and Technology Transfer Incentive Program by removing dollar limits on state matching awards for eligible small businesses. Specifically, it repeals caps that previously restricted Phase I awards to $25,000 and Phase II awards to $75,000, allowing full matching of federal SBIR/STTR awards without those dollar thresholds. The bill also adjusts award frequency limits, changing the rule from "no more than three awards" to "no more than one award per fiscal year" for any single business. This directly affects Maryland small businesses receiving federal SBIR/STTR grants, enabling them to access potentially larger state matching funds for research and development activities.