The Florida Senate

¹288.9511  Definitions.--As used in ss. 288.9511-288.9517, the term:

(1)  "Educational institutions" means Florida technical institutes and vocational schools, and public and private community colleges, colleges, and universities in the state.

(2)  "Enterprise" means a firm with its principal place of business in this state which is engaged, or proposes to be engaged, in this state in agricultural industries, natural-resource-based or other manufacturing, research and development, or the provision of knowledge-based services.

(3)  "Board" means the technology development board.

(4)  "Person" means any individual, partnership, corporation, or joint venture that carries on business, or proposes to carry on business, within the state.

(5)  "Product" means any product, device, technique, or process that is, or may be, developed or marketed commercially; the term does not refer, however, to basic research, but rather to products, devices, techniques, or processes that have advanced beyond the theoretical stage and are in a prototype or industry practice stage.

(6)  "Qualified security" means a public or private financial arrangement that involves any note, security, debenture, evidence of indebtedness, certificate of interest of participation in any profit-sharing agreement, preorganization certificate or subscription, transferable security, investment contract, certificate of deposit for a security, certificate of interest or participation in a patent or application thereof, or in royalty or other payments under such a patent or application, or, in general, any interest or instrument commonly known as a security or any certificate for, receipt for, guarantee of, or option warrant or right to subscribe to or purchase any of the foregoing to the extent allowed by law.

(7)  "Technology application" means the introduction and adaptation of off-the-shelf technologies and state-of-the-art management practices to the specific circumstances of an individual firm.

(8)  "Technology commercialization" means the process of bringing an investment-grade technology out of an enterprise, university, or federal laboratory for first-run application in the marketplace.

(9)  "Technology development" means strategically focused research aimed at developing investment-grade technologies essential to market competitiveness.

History.--ss. 4, 14, ch. 93-187; s. 90, ch. 96-320.

¹Note.--Section 14, ch. 93-187, provides that "[s]ections 3 through 11 of this act are repealed December 31, 2003, and shall be reviewed by the Legislature prior to that date. The review must be in accordance with criteria set forth in law."