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164.6037 Kentucky Commercialization Fund Program -- Purposes.

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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.