2006 Kentucky Revised Statutes - .6021   Kentucky Research and Development Voucher Program.

164.6021 Kentucky Research and Development Voucher Program. (1) There is created and established in the Council on Postsecondary Education a Kentucky Research and Development Voucher Program to provide vouchers to small and medium-size, Kentucky-based companies to undertake research and development work in partnership with universities in the Commonwealth. (2) The purpose of the Kentucky Research and Development Voucher Program is to: (a)  Accelerate knowledge transfer and technological innovation, improve economic competitiveness, and spur economic growth in Kentucky-based companies; (b)  Support research and development activities that have clear potential to lead to commercially successful products, processes, or services within a reasonable period of time; (c)  Stimulate growth-oriented enterprises within the Commonwealth; (d)  Encourage partnerships and collaborative projects between private enterprises, Kentucky's universities, and research organizations; and (e)  Promote research and development activities that are market-oriented. Effective: July 14, 2000 History: Created 2000 Ky. Acts ch. 522, sec. 6, effective July 14, 2000. 2002-2004 Budget Reference. See State/Executive Branch Budget, 2003 Ky. Acts ch. 156, pt. I, sec. B, item 31(a), at 1740; and State/Executive Branch Budget Memorandum, 2003 Ky. Acts ch. 143, at 721 (Final Budget Memorandum, at 308). 2002-2004 Budget Reference. See State/Executive Branch Budget, 2003 Ky. Acts ch. 156, pt. V, item 2(B)(3), at 1853; and State/Executive Branch Budget Memorandum, 2003 Ky. Acts ch. 143, at 438 (Final Budget Memorandum, at 6). 2002-2004 Budget Reference. See State/Executive Branch Budget, 2003 Ky. Acts ch. 156, pt. IX, item 45(k), at 1880; and State/Executive Branch Budget Memorandum, 2003 Ky. Acts ch. 143, at 1102 (Final Budget Memorandum, at 731).