SECTION 650:10-1-1. Purpose

  The rules of this Chapter have been adopted for the purpose of complying with the provisions of the Administrative Procedures Act, 75 O.S., Section 250 et seq. This program, known as the Applied Research Program, shall assist in the accelerated development of technology in the State by supporting applied research activities in existing and emerging technical areas whose results have:

(1)   a high probability of leading to commercially successful products, processes or services within a reasonable period of time and

(2)   a significant potential for stimulating economic growth within the State of Oklahoma and shall encourage and sustain partnerships among institutions of higher education, non-profit research organizations, and private enterprises by encouraging collaborative projects which are designed to promote increased knowledge and technology transfer.