2006 Kansas Code - 74-8102

      74-8102.   Purpose; ways of achieving. (a) The purpose of the Kansas technology enterprise corporation is to foster innovation in existing and developing businesses, especially the creation, growth and expansion of Kansas enterprises in a diversified range of primary sectors, which develop value-added products, processes and services including, but not limited to:

      (1)   Existing resource-based industries of agriculture, oil, gas, coal and helium;

      (2)   existing advanced technology industries of aviation, pharmaceuticals, computers and electronics; and

      (3)   emerging industries of telecommunications, computer software, information services and research services.

      (b)   The corporation shall achieve the purpose stated in subsection (a) of this section by:

      (1)   Financing basic research, applied research and development, and technology transfer at Kansas educational institutions which meet competitive standards of excellence as measured by national and international peers, and which create innovative collaboration between Kansas educational institutions and Kansas enterprises;

      (2)   awarding applied research matching grants to Kansas educational institutions and Kansas private enterprises in order to move innovation and applied research toward commercial application;

      (3)   engaging in seed-capital financing for the development and implementation of innovations or new technologies for existing resource, technology-based and emerging Kansas businesses; and

      (4)   providing technical referral services to such small, new, emerging or mature businesses and encouraging Kansas educational institutions to establish technical information data bases and industrial liaison offices which are easily accessible by both private and public sector Kansas organizations.

      (c)   The department of commerce, Kansas, Inc. and all other interested state agencies shall cooperate with the Kansas technology enterprise corporation in providing information and other assistance as may be requested for the performance of its duties with respect to the state's economic development strategy.

      History:   L. 1986, ch. 284, § 1; L. 1992, ch. 221, § 2; May 14.