1. The foundation shall prepare a strategic plan for development of advanced technologies in Iowa. The plan shall serve as the basis for general foundation activities.
2. The plan shall set forth the foundation's findings with regard to fields of scientific research which offer the greatest potential for commercial development within the state. The plan shall propose programs to enhance the effectiveness of Iowa university and college and private sector research facility participation in such fields of research and for improving the transfer of research technology to the private sector.
3. The plan shall include findings and recommendations for the coordination of activities of technology centers operated by regents' universities, the center for industrial research and service, the small business development centers, and programs of the department of economic development, all of which shall cooperate with the foundation in formulation of the plan.
4. The plan shall be formulated in cooperation with university-based research consortia at the three regents' universities, private colleges and universities, community colleges, and private business. The plan shall include findings with regard to research interest of private business and agriculture, on improving accessibility of private business to university technology resources, identification of barriers to effective technology transfer, and on fields of research having potential for commercial utilization by Iowa firms and farms. The plan shall include the availability and possible acquisition of advanced technology nationally and internationally for transfer to Iowa technological projects.
5. The plan shall be formulated to provide for the strengthening and expansion of existing industry and agriculture, the creation of new business where deemed necessary and feasible, and the attraction of technology-based businesses to the state.
6. The plan shall include directions for participation by the foundation, through direct investment or in partnership or joint venture with a commercial investor or other financial source, in providing funds for development of existing or new businesses in Iowa engaged in commercial exploitation of products or technologies related to the research interests of the foundation.
89 Acts, ch 258, § 18 ~ICS89, § 28.157 ~IC93, § 15E.157
Referred to in § 15E.155, 15E.159
Iowa General Assembly
Search: Iowa Code 1995
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