§ 5-28-40-1 “Eligible small business”
§ 5-28-40-2 “Indiana institution of higher education”
§ 5-28-40-3 “Other authorized research provider”
§ 5-28-40-4 “Research services”
§ 5-28-40-5 “Voucher”
§ 5-28-40-6 Small business innovation voucher program established
§ 5-28-40-7 Voucher awards; uses
§ 5-28-40-8 Authorization to establish guidelines for the program; application process; criteria; amount of voucher award
§ 5-28-40-9 Requirement to enter into an agreement with the corporation as a condition of receiving a voucher
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Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 40 - Small Business Innovation Voucher Program

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • eligible small business: means a business entity that:

    Indiana Code 5-28-40-1

  • Indiana institution of higher education: means a public or private college or university that:

    Indiana Code 5-28-40-2

  • other authorized research provider: means a research organization, other than an Indiana institution of higher education, that:

    Indiana Code 5-28-40-3

  • research services: means research and development, technology exploration, technical development, product development, and commercialization intended to foster innovation in an eligible small business. See Indiana Code 5-28-40-4
  • voucher: means a grant to an eligible small business to purchase research services from an Indiana institution of higher education or other authorized research provider. See Indiana Code 5-28-40-5