63M-1-702. Purpose.
(1) (a) The Legislature recognizes that the growth of new industry and expansion of
existing industry requires a strong technology base, new ideas, concepts, innovations, and
prototypes.
(b) These generally come from strong research colleges and universities.
(c) Technical research in Utah's colleges and universities should be enhanced and
expanded, particularly in those areas targeted by the state for economic development.
(d) Most states are enhancing their research base by direct funding, usually on a matching
basis.
(e) The purpose of this part is to catalyze and enhance the growth of these technologies
by encouraging interdisciplinary research activities in targeted areas and by facilitating the
transition of these technologies out of the university environment into industry where the
technologies can be used to enhance job creation.
(f) The Legislature recognizes that one source of funding is in matching state funds with
federal funds and industrial support to provide the needed new technologies.
(2) The Legislature recommends that the governor consider the allocation of economic
development funds for Centers of Excellence to be matched by industry and federal grants on at
least a two-for-one basis for colleges and universities in the state that offer any doctoral degrees.
(3) (a) The Legislature recommends that the funds be allocated on a competitive basis to
the various colleges and universities in the state and to companies working in partnership with
colleges and universities to commercialize their technologies.
(b) The funds made available should be used to support interdisciplinary research in
specialized Centers of Excellence in technologies that are considered to have potential for
economic development in this state and to help transition these technologies out of the colleges
and universities into industry.
Renumbered and Amended by Chapter 382, 2008 General Session
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Last revised: Thursday, May 28, 2009