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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 650. Oklahoma Center for the Advancement of Science and Technology |
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Chapter 37. STTR Phase I Incentive Funding Program |
SECTION 650:37-1-1. Purpose
Latest version.
- The rules of this Chapter have been adopted for the purpose of complying with the provisions of the Administrative Procedures Act, 75 O.S., Sections 250 et seq. The OCAST STTR Phase I Incentive Funding Program has been created to financially support the preparation of Small Business Technology Transfer (STTR) grant proposals by Oklahoma entities and thereby to help increase Oklahoma's share of STTR funding, 74 O.S., Section 5060.19(D). The three-phased federal STTR program was established in the Small Business Technology Transfer Act of 1992, PL 102-564, Title II, to stimulate technological innovation; to require certain federal agencies to contract with small business concerns and their nonprofit research institute partners for a portion of their external research requirements; to encourage small, innovative firms to partner with research institutions for the purpose of participating in government research; and to facilitate commercialization of research results.