The legislature finds that the development and commercialization of new technology is a vital part of economic development.
The legislature also finds that it is in the interests of the state of Washington to provide a mechanism to transfer and apply research and technology developed at the institutions of higher education to the private sector in order to create new products and technologies which provide job opportunities in advanced technology for the citizens of this state.
It is the intent of the legislature that the University of Washington, the Washington State University, and the *department of community, trade, and economic development work cooperatively with the private sector in the development and implementation of a world class technology transfer program.
[1995 c 399 § 25; 1992 c 142 § 1.]
Notes: *Reviser's note: The "department of community, trade, and economic development" was renamed the "department of commerce" by 2009 c 565.