1. In order to foster the growth of Missouri's economy and to stimulate the creation
of new jobs in technology-based industry for the state's work force, the Missouri
technology corporation, in accordance with the provisions of this section and within
the limits of appropriations therefor is authorized to contract with Missouri not-for-profit
corporations for the operation of innovation centers within the state. The primary emphasis of some, if not of all innovation centers, shall be in the
areas of technology commercialization, finance and business modernization. Innovation centers operated under the provisions of this section shall provide assistance
to individuals and business organizations during the early stages of the development
of new technology-based business ventures. Such assistance may include the provision of facilities, equipment, administrative
and managerial support, planning assistance, and such other services and programs
that enhance the development of such ventures and such assistance may be provided
for fees or other consideration.
2. The innovation centers operated under this section shall counsel and assist the
new technology-based business ventures in finding a suitable site in the state of
Missouri for location of the business upon its graduation from the innovation program. Each innovation center shall annually submit a report of its activities to the department
of economic development and the Missouri technology corporation which shall include,
but not be limited to, the success rate of the businesses graduating from the center,
the progress and locations of businesses which have graduated from the center, the
types of businesses which have graduated from the center, and the number of jobs created
by the businesses involved in the center.
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