1. The foundation may receive state appropriations and other resources for purposes including but not limited to the following:
a. To provide financial assistance to research projects which are consistent with the commercial development objectives of the strategic plan and which involve collaboration between an Iowa college, community college, or university and a private firm. The foundation shall provide a peer review process for projects and research funded by the foundation.
b. To undertake market studies and other analyses of commercial applications of existing or potential research and development efforts.
c. To provide applied technology outreach services and programs.
d. To review existing licenses and patents and bring potentially applicable information to the attention of the board and the Iowa-based industries for which the patent and license information might be applicable.
e. To review current research.
f. To regularly monitor the industrial and agricultural base of Iowa and, when possible, to encourage contact between research efforts and appropriate industries.
g. For the manufacturing technology program.
2. The foundation shall have authority over state funds appropriated to the foundation for research, development, and technology transfer projects. State funds awarded by the foundation shall be matched by nonstate sources. The foundation shall establish by administrative rule the requirements for the matching of state funds by nonstate sources. The rules shall include but are not limited to the following nonstate sources for meeting the matching requirements:
a. Laboratory space provided by the private sector collaborator.
b. Financial assistance.
c. Personnel and technical services.
d. Machinery or equipment.
3. The foundation shall seek financial support for its activities from private sources and from programs of the federal government for support of the research interests and other activities set forth in the strategic plan.
4. The foundation is to encourage aggressive pursuit of sponsored research by persons affiliated with Iowa colleges and universities and by private business, without regard to the relationship of such research to the foundation's program or to the strategic plan. The foundation shall not control research prerogatives of colleges or universities, their faculty, or private persons, or businesses. The foundation may, upon request, provide assistance to colleges and universities for acquisition of financial support for research activities from federal government and other sources.
5. The foundation shall coordinate with other state and federal entities the following activities:
a. The establishment of funding for the projects under subsection 1.
b. The review of current research policy direction.
c. The provision of technical outreach services to existing Iowa business, industry, and agriculture.
The foundation may sponsor applications of or formally recommend specific projects to any private, state, federal, or local program.
6. As a goal, not less than seventy-five percent of the efforts of the foundation should be directed at existing businesses and industry or for industry consortiums or in broadly based manufacturing technology programs that include a significant participation by established businesses.
89 Acts, ch 258, § 19 ~ICS89, § 28.158 ~I92 Acts, ch 1188, § 5; 92 Acts, ch 1244, § 29 ~IC93, § 15E.158
Referred to in § 15E.155
Iowa General Assembly
Search: Iowa Code 1995
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