Sec. 7. (a) The
corporation may award vouchers to an
eligible small business under the small business innovation
voucher program established in section 6 of this chapter.
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Terms Used In Indiana Code 5-28-40-7
- 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
(c) Vouchers may be used by an eligible small business only to purchase research services from an Indiana institution of higher education or other authorized research provider.
As added by P.L.158-2019, SEC.3.
