Oklahoma § 74-5060.20 - Information clearinghouse - Technical services Technical information data bases and industrial liaison offices Minority business assistance

§ 74-5060.20. Information clearinghouse - Technical services Technical information data bases and industrial liaison offices Minority business assistance

A. The Center may use monies from the Research Support

Revolving Fund to carry out the purposes of this section.

B. The Oklahoma Center for the Advancement of Science and

Technology shall establish a clearinghouse to provide technology

transfer and technical referral services and may charge reasonable

user fees to recover the costs of providing such services. The

Center may fund institutions of higher education to establish

technical information data bases and industrial liaison offices

which are easily accessible by both private and public sector

organizations.

C. The Center shall provide to private enterprises and

individuals, services which include, but are not limited to:

1. Disseminating research and technical information;

Oklahoma Statutes - Title 74. State Government

2. Referring clients to researchers or laboratories for the

purpose of testing and evaluating new products, processes or

innovations;

3. Assisting persons developing innovations or new technology

in locating enterprises or entrepreneurs that may be interested in

applying such innovations or new technologies; and

4. Providing managerial assistance to enterprises requesting

such assistance, but particularly to those small enterprises of

special importance to the Oklahoma economy.

D. The Center shall encourage business enterprises to use such

technology transfer and technical support services as provided by

institutions of higher education and especially the state's Small

Business Development Centers.

E. The Center shall assist minority businesses in obtaining

investments or loans or other means of financial assistance. The

terms and conditions of such loans or financial assistance,

including the charges for interest and other services, will be

consistent with the provisions of this act. The Center shall

solicit proposed minority business ventures for review and analysis.

Added by Laws 1987, c. 222, § 35, operative July 1, 1987. Amended

by Laws 1995, c. 279, § 8, eff. July 1, 1995.

§74-5060.20a. Technology business financing program Specifications.

The Oklahoma Center for the Advancement of Science and

Technology (OCAST), in conjunction with the Commercialization

Center, may develop and implement a technology business financing

program to provide funding and financing for and to assist qualified

Oklahoma enterprises to commercialize new products, services,

technology, innovations, and processes. In order to obtain funding

or financing from the technology business financing program, a

recipient shall be required to obtain separate private investment or

funding, and may also be required to pay royalties, fees, interest,

profits, or other payments generated or arising from the sale,

lease, licensing, distribution, manufacture, marketing, or

development of products, services, technology, innovations, and

processes, whether alone or in conjunction with others, or generated

or arising from a sale, acquisition, merger, or other transfer or

takeover of the enterprise. Any such royalties, fees, interest,

profits, or other payments or return of funding and financing shall

be retained for use in the program. OCAST, in conjunction with the

Commercialization Center, shall establish program specifications.

OCAST may contract with the Commercialization Center or other

qualified entity to operate and manage the program. Program funds

shall not be used to pay administrative, management, or operating

expenses of OCAST.

Oklahoma Statutes - Title 74. State Government

Added by Laws 1998, c. 211, § 4, eff. July 1, 1998.

2010, c. 464, § 5, eff. July 1, 2010.

Amended by Laws

§74-5060.20b. Cooperation between the Commercialization Center and

technology transfer offices.

It is the intent of the Legislature that the Commercialization

Center funded through the Oklahoma Center for the Advancement of

Science and Technology (OCAST) and the technology transfer offices

within The Oklahoma State System of Higher Education (OSSHE)

complement each other's capabilities and work closely to optimize

each other's effectiveness. The OSSHE technology transfer offices

shall create an entrepreneurial climate on the campuses to maximize

opportunities for commercialization of technology resulting from

university research. The Commercialization Center shall assist

technology-based businesses to start up and grow in Oklahoma.

Added by Laws 1998, c. 211, § 5, eff. July 1, 1998. Amended by Laws

2010, c. 464, § 6, eff. July 1, 2010.