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Governor's Programs | |
Governor's Office of Economic Development | |
Section 703 | Definitions. |
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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 Technology Commercialization and Innovation 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) "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. (3) "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. (4) "Technology Commercialization and Innovation Program" means university-based, federal- and industry-supported cooperative research and development programs.
Amended by Chapter 392, 2011 General Session |
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