Section 261.114.6. Responsibilities and deliverables.

       114.6(1) The purpose of the council is to advise the authority on the development and implementation of public policies that enhance innovation and entrepreneurship in the targeted industries. Such advice may include evaluating Iowa’s competitive position in the global economy; reviewing the technology typically utilized in the state’s manufacturing sector; assessing the state’s overall scientific research capacity; keeping abreast of the latest scientific research and technological breakthroughs and offering guidance as to their impact on public policy; recommending strategies that foster innovation, increase new business formation, and otherwise promote economic growth in the targeted industries; and offering guidance about future developments in the targeted industries.

       114.6(2) The council shall do the following:

        a.           Prepare a report of the expenditures of moneys appropriated and allocated to the authority for certain programs authorized pursuant to 2009 Iowa Code Supplement sections 15.411 as amended by 2010 Iowa Acts, House File 2076, and 15.412 relating to the development and commercialization of businesses in the targeted industries.

        b.           Prepare a summary of the activities of the technology commercialization committee and the Iowa innovation council.

        c.           Create a comprehensive strategic plan for implementing specific strategies that foster innovation, increase new business formation, and promote economic growth.

        d.           Review existing programs that relate to the targeted industries and suggest changes to improve efficiency and effectiveness.

        e.           Conduct industry research and prepare reports for the general assembly, the governor, the authority, and other policy-making bodies within state government.

        f.            Act as a forum where issues affecting the research community, the targeted industries, and policy makers can be discussed and addressed.

[ARC 8850B, IAB 6/16/10, effective 7/1/10; ARC 9061B, IAB 9/8/10, effective 10/13/10; ARC 0611C, IAB 2/20/13, effective 3/27/13]