Oklahoma § 74-5060.4 - Definitions

§ 74-5060.4. Definitions

As used in the Oklahoma Science and Technology Research and

Development Act:

1. "COEAT" means Center of Excellence for Aerospace Technology,

an initiative within the Oklahoma Aerospace Institute that

undertakes applied research, development and technology transfer

that has long-term potential for commercial development;

Oklahoma Statutes - Title 74. State Government

2. "CASQ" means Center of Aerospace Supplier Quality, an

initiative within the Oklahoma Aerospace Institute that serves as a

conduit between Oklahoma's military installations and the aerospace

industry;

3. "Applied research" means those research activities occurring

at institutions of higher education, nonprofit research foundations,

and in private enterprises which have potential commercial

application;

4. "Basic research" means any original investigation for the

advancement of scientific knowledge not having a specific commercial

objective, but having potential long-range value to commercial

interests;

5. "Board" means the Oklahoma Science and Technology Research

and Development Board;

6. "Center" or "OCAST" means the Oklahoma Center for the

Advancement of Science and Technology;

7. "Commercialization Center" means a private, nonprofit

corporation contracting with and funded in part by OCAST to:

a.

attract to, and retain in, Oklahoma technology and

technology-based enterprises,

b.

promote and assist with the development and expansion

of scientific and technology-based industry in the

state,

c.

facilitate the development of incubators for

technology-oriented enterprises,

d.

assist technology-based enterprises in developing and

expanding their businesses, obtaining financing and

funding, attracting capital, including seed capital

and venture capital, and attracting and retaining key

management personnel, scientists, and skilled labor,

and

e.

develop, operate, and manage programs to facilitate

entrepreneurial activity with respect to technology,

scientific-based, biomedical, biomedical-technical,

and technology-oriented enterprises in this state;

8. "Enterprise" means a firm with its principal place of

business in Oklahoma;

9. "Health research project" means a specific examination,

experimentation or investigation, or initiative to provide research

resources oriented principally toward basic, applied, and

developmental scientific inquiry related to the causes, diagnosis,

prevention, and treatment of human diseases and disabilities and

mental health and emotional disorders, and the rehabilitation of

persons afflicted with such diseases, disabilities, and disorders;

new knowledge, better understanding, and innovative methods to

improve the processes by which health care services are made

available and how they may be provided more efficiently, more

Oklahoma Statutes - Title 74. State Government

effectively and at a lower cost, for all the citizens of this state;

and the development of new products and services which shall form

the basis of new high-technology health research and care industry

for this state;

10. "Industrial Extension System" means a coordinated network

of public and private manufacturing modernization resources, the

purpose of which is to stimulate the competitiveness of Oklahoma

small and medium-sized manufacturing firms;

11. "Institutional Review Board" means a committee composed of

investigators, lay representatives, and legal counsel, which is

established at each institution of higher learning and each

nonprofit research institution receiving funds from a health

research project, for the express purpose of determining the

appropriateness of any research involving human subjects;

12. "Institutions of higher education" means public and private

colleges and universities in the state;

13. "Investigator" means a person who proposes research

projects and is primarily responsible for the execution of the

proposed projects and is employed by or affiliated with an

institution of higher education, a nonprofit research institution in

this state, or a private enterprise;

14. "Nanotechnology" means technology development at the

molecular range (1nm to 100nm) to create and use structures,

devices, and systems that have novel properties because of their

small size;

15. "New technology" means methods, products, processes and

procedures developed through science or research;

16. "Nonprofit research institution" means any not-for-profit

public or private facility in this state which has the capabilities

for research projects and which is not a subsidiary of any

corporation, partnership, or association organized for profit, nor

is its stock or assets owned or controlled by a corporation,

partnership, or association organized for profit;

17. "OAI" means Oklahoma Aerospace Institute, a strategic

partnership that will focus available resources to promote

cooperation and collaboration among Oklahoma businesses,

manufacturers, military installations, commercial aviation, higher

education institutions, nonprofit research institutions, and state

government;

18. "OAME" means the Oklahoma Alliance for Manufacturing

Excellence, Inc., a corporation to be formed pursuant to the

provisions of Title 18 of the Oklahoma Statutes and Section 5060.26

of this title;

19. "ONAP" means the Oklahoma Nanotechnology Applications

Project;

20. "OSTRaD" means the Oklahoma Science and Technology Research

and Development Act;

Oklahoma Statutes - Title 74. State Government

21. "Person" means any individual, partnership, corporation or

joint venture carrying on business or proposing to carry on business

within the state;

22. "Plant science research" means those research activities

occurring at institutions of higher education, nonprofit research

institutions, and in private enterprises, which have potential

commercial application and concern plant productivity, renewable

biomass, plant-based environmental applications and chemical

platforms, plant-based solutions to improve nutrition, human and/or

animal health or performance, process applications, and seed

management and the development of new products and services that

shall form the basis of new, high-technology plant

science/agriculture industry for this state;

23. "Product" means any outcome, device, technique or process,

which is or may be developed or marketed commercially and which has

advanced beyond the theoretical stage and is in a prototype or

practice stage;

24. "Professional service contract" means a written agreement

providing funds for the performance of a research project; for

salaries and fringe benefits of personnel associated with research

programs; for research equipment; for operating expenses associated

with a research program; or for services provided in connection with

the evaluation of applications submitted to the Center;

25. "Qualified security" means any public or private financial

arrangement, involving any note, security, debenture, evidence of

indebtedness, certificate of interest or participation in any

profit-sharing agreement, preorganization certificate or

subscription, transferable security, investment contract,

certificate of deposit for a security, certificate of interest or

participation in a patent or application therefor, or in royalty or

other payments under such a patent or application, or, in general,

any interest or instrument commonly known as a "security" or any

certificate for, receipt for, guarantee of, or option, warrant or

right to subscribe to or purchase any of the foregoing to the extent

allowed by law;

26. "Seed-capital" means funding, capital, and financing that

is provided and made available for the creation, development,

validation, refinement, protection, manufacturing, marketing, and

commercialization of a product, process, concept, invention, or

innovation, whether for the startup of a new enterprise or for the

expansion, growth, or restructuring of an existing enterprise; and

27. "Technology transfer" means a two-way process by which

ideas or inventions for processes or products (developed in research

programs usually on a laboratory or pilot-plant scale) are converted

to commercial use.

Added by Laws 1987, c. 222, § 19, operative July 1, 1987. Amended

by Laws 1992, c. 230, § 3, eff. July 1, 1992; Laws 1994, c. 288, §

Oklahoma Statutes - Title 74. State Government

6, eff. July 1, 1994; Laws 1995, c. 279, § 1, eff. July 1, 1995;

Laws 2002, c. 484, § 5, eff. July 1, 2002; Laws 2006, c. 76, § 1,

eff. July 1, 2006; Laws 2006, c. 263, § 2, eff. July 1, 2006; Laws

2007, c. 1, § 79, emerg. eff. Feb. 22, 2007; Laws 2010, c. 464, § 4,

eff. July 1, 2010; Laws 2013, c. 227, § 43, eff. Nov. 1, 2013.

NOTE: Laws 1994, c. 287, § 7 repealed by Laws 1995, c. 279, § 9,

eff. July 1, 1995. Laws 2006, c. 297, § 1 repealed by Laws 2007, c.

1, § 80, emerg. eff. Feb. 22, 2007.