Sec. 489.201. DEFINITIONS. In this subchapter:
(1) "Board" means the Product Development and Small Business Incubator Board.
(2) "Financing" means a loan, loan guarantee, or equity investment from the product fund to a person for use in the development and production of a product in this state, or a grant, loan, or loan guarantee from the small business fund to a person for use in the development of a small business in this state.
(3) "Office" includes the designee of the office.
(4) "Product" includes an invention, device, technique, or process, without regard to whether a patent has been or could be granted, that has advanced beyond the theoretical stage and has or is readily capable of having a commercial application. The term does not include pure research.
(5) "Product fund" means the Texas product development fund.
(6) "Program" means the product development program or the small business incubator program.
(7) "Small business fund" means the Texas small business incubator fund.
Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.
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