63M-1-703. Definitions.
As used in this part:
(1) "Business team consultant" means an experienced technology executive,
entrepreneur, or business person who:
(a) is recruited by the office through a request for proposal process to work directly with
a college or university in the Centers for Excellence program; and
(b) works with the institution to facilitate the transition of its technology into industry by
assisting the institution in developing strategies, including spin out strategies when appropriate,
and go-to-market plans, and identifying and working with potential customers and partners.
(2) "Centers of excellence" means university-based, federal and industry-supported,
cooperative research and development programs.
(3) "Direct license" means the licensing between a company and a Utah college or
university of technology developed at the college or university for the intent of commercializing
the technology or facilitating its transition into industry.
(4) "Licensee" means:
(a) a company that executes or is in the process of executing a direct license; or
(b) a sublicensee of the technology from a direct license.
Renumbered and Amended by Chapter 382, 2008 General Session
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Last revised: Thursday, May 28, 2009