§ 15-3-603. Definitions
As used in this subchapter: (1) “Business and technology accelerator” means a full-time, immersive program administered by an eligible applicant to potentially invest in, mentor, and accelerate commercial development of start-up businesses; (2) “Business and technology accelerator grant” means a discretionary grant of up to two hundred fifty thousand dollars ($250,000) for each approved business […]
§ 15-3-604. Administration
(a) (1) The Arkansas Business and Technology Accelerator Grant Program is created. (2) The Division of Science and Technology of the Arkansas Economic Development Commission shall administer the program. (b) The division shall: (1) Create application forms to be submitted by eligible businesses seeking a business and technology accelerator grant from the program; (2) Devise […]
§ 15-3-605. Application requirements
(a) To request a business and technology accelerator grant under this subchapter, an applicant shall complete and submit the application forms prescribed by the Division of Science and Technology of the Arkansas Economic Development Commission under § 15-3-604. (b) An applicant shall submit an application for each proposed business and technology accelerator grant. (c) The […]
§ 15-3-606. Business and technology accelerator grant awards
(a) A business and technology accelerator grant awarded under this subchapter: (1) Shall not: (A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and (B) Exceed two hundred fifty thousand dollars ($250,000); and (2) Subject to funding and the discretion of the director, may be […]
§ 15-3-132. Centers for applied technology — Criteria — Designation
(a) The Division of Science and Technology of the Arkansas Economic Development Commission shall: (1) Identify technological areas for which centers for applied technology should be designated, including, but not limited to, technological areas that are related to enterprises with significant potential for economic growth and development in Arkansas and areas that are related to […]
§ 15-3-305. Areas of collaboration
The Arkansas Economic Development Commission may recommend that a research alliance under this subchapter: (1) Identify specific areas where scientific research and technological investigation may contribute to the creation and growth of knowledge-based and high-technology jobs in Arkansas; (2) Determine specific areas in which financial investment in scientific and technological research and development from federal […]
§ 15-3-133. Centers for applied technology — Advisory committees
(a) In carrying out its functions under this section, §§ 15-3-130 — 15-3-132, and 15-3-134, the Division of Science and Technology of the Arkansas Economic Development Commission may create such advisory committees as may be useful in evaluating potential technological areas and centers for applied technology. (b) The memberships of these advisory committees may include […]
§ 15-3-306. Contracting with research alliance
(a) In order to assist a research alliance in achieving the objectives identified in § 15-3-305, the Arkansas Economic Development Commission may contract with a research alliance or any nonprofit organization recommended by a research alliance for activities consistent with the research alliance’s purpose under § 15-3-305. (b) When contracting with the research alliance or […]
§ 15-3-134. Centers for applied technology — Disposition of funds
Any moneys lawfully available to the Arkansas Economic Development Commission for the purpose of creating centers for applied technology may be used for the purchase of equipment and fixtures, employment of faculty and support staff, provision of graduate fellowships, and other purposes approved by the commission but may not be used for capital construction.
§ 15-3-401. Legislative intent
It is the intent of the General Assembly: (1) To assist growing, technology-based enterprises by: (A) Attracting and retaining highly trained science and engineering postdoctoral graduates by encouraging the establishment of career opportunities within the State of Arkansas; (B) Providing scientific expertise to emerging technology-based enterprises by helping them hire postdoctoral graduates to address the […]