Find Legal Information

154.12.305 Kentucky Innovation and Commercialization Center Program.

Download pdf

Page 1 of 1 154.12-305 Kentucky Innovation and Commercialization Center Program. (1) There is established the Kentucky Innovation and Commercialization Center Program within the Department of Commercialization and Innovation. The goal of <br>the ICC program is to create products, new companies, and value-added jobs in <br>communities throughout the Commonwealth. Strategies to achieve this goal <br>include: <br>(a) Increasing quality deal flow of technology-based firms in Kentucky; <br>(b) Increasing understanding of start-up process and investment practices; and <br>(c) Providing value-added services to the start-up and investment community. (2) The duties of the ICC program shall include but not be limited to: (a) Identifying and linking entrepreneurs, faculty, scientists, venture capitalists, and other key individuals from the business sector, universities, community <br>and technical colleges, local leaders, and government for the creation and <br>expansion of knowledge-based companies; (b) Establishing a uniform protocol for assembling and communicating project concepts and opportunities; (c) Supporting high-quality projects through the concept and development phases including services such as market research, prototype development, business <br>plan and strategies development, grant and contract capabilities, and capital <br>and management resource identification; and (d) Identifying, in the area of technology development, potential partners, strategic opportunities, training and educational needs, and issues that inhibit <br>the growth of technology sectors and business clusters in the state. Effective: July 12, 2006 <br>History: Amended 2006 Ky. Acts ch. 210, sec. 8, effective July 12, 2006. -- Amended 2005 Ky. Acts ch. 181, sec. 12, effective June 20, 2005. -- Created 2002 Ky. Acts <br>ch. 230, sec. 10, effective July 15, 2002.