The General Assembly finds that:
(1) Fundamental research is the building block of a knowledge–based economy;
(2) Federal research grants that support fundamental research are transitioning from single–discipline grants to multidiscipline grants that span academic programs;
(3) A successful knowledge–based economy also depends on the transition of innovative research projects developed in research labs to companies in the private sector for commercialization; and
(4) The State must enhance its research and technology transfer programs to continue developing a strong knowledge–based economy.
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