§ 5-28-23-1 — Powers and duties of corporation

Indiana § 5-28-23-1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 23: Business Modernization and Technology

Text

(a) The corporation shall contribute to the
strengthening of the economy of Indiana through the development of
science and technology and to promote the modernization of Indiana
businesses by supporting the transfer of science, technology, and
quality improvement methods to the workplace.
(b) The corporation may do the following:
(1) Receive money from any source, borrow money, enter into
contracts, and expend money for activities appropriate to its
purpose under this chapter.
(2) Do things necessary or incidental to carrying out the functions
listed in this chapter.
(3) Establish a statewide business modernization network to assist
Indiana businesses in identifying ways to increase productivity
and market competitiveness.
(4) Identify scientific and technological problems and
opportunities related to the economy of Indiana and formulate
proposals to overcome those problems or realize those
opportunities.
(5) Identify specific areas in which scientific research and
technological investigation will contribute to the improvement of
productivity of Indiana manufacturers and farmers.
(6) Determine specific areas in which financial investment in
scientific and technological research and development from
private businesses located in Indiana could be improved or
increased if state resources were made available to assist in
financing activities.
(7) Assist in establishing cooperative associations of
postsecondary educational institutions in Indiana and of private
enterprises to coordinate research and development programs that
will, consistent with the primary educational function of the
postsecondary educational institutions, aid in the creation of new
jobs in Indiana.
(8) Assist in financing the establishment and continued
development of technology intensive businesses in Indiana.
(9) Advise postsecondary educational institutions of the research
needs of Indiana businesses and improve the exchange of
scientific and technological information for the mutual benefit of
postsecondary educational institutions and private businesses.
(10) Coordinate programs established by postsecondary
educational institutions to provide Indiana businesses with
scientific and technological information.
(11) Establish programs in scientific education that will support
the accelerated development of technology intensive businesses
in Indiana.
(12) Provide financial assistance through contracts, grants, and
loans to programs of scientific and technological research and
development.
(13) Determine how state educational institutions can increase
income derived from the sale or licensure of products or processes
having commercial value that are developed as a result of state
educational institution sponsored research programs.

Legislative History

As added by P.L.4-2005, SEC.34. Amended by P.L.2-2007, SEC.110; P.L.133-2012, SEC.47.