Okla. Admin. Code § 650:1-1-1.1

Current through Vol. 42, No. 4, November 1, 2024

Section 650:1-1-1.1 - Mission

The rules of OCAST have been framed to effectuate achievement of the missions of OCAST and OIT as outlined in the law.[ 74 O.S. 2001, 5060.3] The missions are described as follows:

(1) The mission of the Oklahoma Center for the Advancement and Technology shall be to foster innovation in existing and developing businesses by supporting basic and applied research, by facilitating technology transfer between research laboratories and firms and farms, and by providing seed-capital for new innovative firms and their products. OCAST shall also foster enhanced competitiveness in the national and international markets by small and medium-sized manufacturing firms located in Oklahoma by stimulating productivity and modernization of such firms.

(2) The mission of the Oklahoma Institute of Technology shall include;

(A) attracting, retaining and stimulating the development of information technology, biotechnology, genetics, and emerging technologies;

(B) providing leadership development programs to prepare rural residents for leadership in a technologically enhanced economy;

(C) upgrading and enhancing rural technology to grow or attract high technology companies;

(D) facilitating joint public-private technology research and development projects using resources and facilities of public higher education institutions or private entities; and

(E) providing engineering or management assistance to new or existing businesses in bringing improved or innovative products or services to market.

Okla. Admin. Code § 650:1-1-1.1

Added at 19 Ok Reg 3074, eff 9-9-02 through 7-14-03 (emergency)¹; Added at 20 Ok Reg 2727, eff 8-11-03

¹This emergency action expired before being superseded by a permanent action. Upon expiration of an emergency action enacting a new Section, the Section is no longer effective. Therefore, on 7-15-03 (after the 7-14-03 expiration of the emergency action), the text of Section 650:1-1-1.1 was no longer effective, and remained as such until added by permanent action on 8-11-03.