164.6029 Kentucky Rural Innovation Program -- Purposes.
(1) There is created and established in the Council on Postsecondary Education a
Kentucky Rural Innovation Program to provide awards to rural Kentucky-based, <br>small companies to undertake research, development, and entrepreneurial <br>innovation work in partnership with Kentucky postsecondary institutions, the Small <br>Business Development Center Network in Kentucky, and other entities engaged in <br>research and development work.
(2) The purpose of the Kentucky Rural Innovation Program is to:
(a) Accelerate knowledge transfer and technological innovation that improve
economic competitiveness and spur economic growth in rural, Kentucky-<br>based, small companies;
(b) Support entrepreneurial activities that have clear potential to lead to
commercially successful products, processes, or services within a reasonable <br>period of time;
(c) Stimulate growth-oriented enterprises within the Commonwealth; <br>(d) Encourage partnerships and collaborative projects between private enterprises,
Kentucky's postsecondary institutions, research organizations, and the Small <br>Business Development Center Network in Kentucky; and
(e) Promote research, development, and entrepreneurial activities that are driven
by private sector requirements.
Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 230, sec. 33, effective July 15, 2002. -- Created
2000 Ky. Acts ch. 522, sec. 10, effective July 14, 2000.
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