Value10% of eligible MD R&D expenses above the Maryland base amount; $250,000 max per applicant/yr from a $12M pool ($3.5M small-business set-aside); refundable for small businesses (<$5M net book assets)
Deadlines2026-11-16 — Annual application via Commerce portal; TY2025 window open 6/1/2026 through 11/16/2026; program in effect through 1/31/2031
RequirementsMD R&D expenses qualifying under the federal definition; online application by the November deadline for prior-year expenses; certification then claimed on MD return
Caveatspool-limited — awards prorated when oversubscribed; application is for expenses incurred the previous calendar year
Last verified2026-08-23