164.6037 Kentucky Commercialization Fund Program -- Purposes.
(1) There is created and established in the Council on Postsecondary Education a
Kentucky Commercialization Fund Program to provide seed funding as defined in <br>KRS 164.6011, for the development and commercialization of promising <br>technologies at and emerging from Kentucky's colleges and universities.
(2) The purposes of the Kentucky Commercialization Fund Program are to:
(a) Accelerate knowledge transfer and technological innovation, improve
economic competitiveness, and spur economic growth in Kentucky-based <br>companies;
(b) Provide seed funding for promising technologies developed in Kentucky's
colleges and universities;
(c) Support promising technologies with commercial potential that are in their
early stages of development;
(d) Promote technologies and resources offered by Kentucky's postsecondary
institutions to private enterprises; and
(e) Support the formation and organization of private enterprise that advances
commercial applications based on a university's research and development <br>work.
Effective: July 15, 2008 <br>History: Amended 2008 Ky. Acts ch. 98, sec. 6, effective July 15, 2008. -- Created
2000 Ky. Acts ch. 522, sec. 14, effective July 14, 2000.
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