(1) The department, in consultation with the office of information technology created in the office of the governor, shall: (a) In all its program efforts, endeavor to facilitate the transfer of newly created technologies from the laboratory to the private sector for the start-up of new businesses, to add product lines to established firms, or to introduce technologies into mature industries in order to strengthen the state’s existing economic base; and (b) Assess the technology transfer potential of all academic programs targeted for investment and development.
(a) In all its program efforts, endeavor to facilitate the transfer of newly created technologies from the laboratory to the private sector for the start-up of new businesses, to add product lines to established firms, or to introduce technologies into mature industries in order to strengthen the state’s existing economic base; and
(b) Assess the technology transfer potential of all academic programs targeted for investment and development.
(2) (Deleted by amendment, L. 2008, p. 1472, § 6, effective May 28, 2008.)