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    Subdivision 1. Scope. The science and technology policy in this section lists five goals that
contribute to Minnesota's long-term economic growth. Development of these goals is critical if
the state is to create an environment conducive to the growth and expansion of technology-based
companies, as well as to improve the competitive ability of existing industries.
    Subd. 2. Encouragement and support of innovation and development of new
technologies. (a) Minnesota has a long tradition of innovation and entrepreneurship. However,
with the dramatic changes taking place in the global economy, the pace of technological change
and shortened product life cycles, entrepreneurs and emerging technology-based companies
are finding it increasingly difficult to compete effectively without appropriate resources. These
entities represent the future of Minnesota's economy.
(b) To give these entrepreneurs and emerging technology-based companies a greater chance
at success, the state must support excellence in innovation and nurture their creative spirit by
providing incentives to spur growth.
    Subd. 3. Support for industrial modernization and technology transfer to small
companies. (a) The vast majority of Minnesota companies, both in rural and metropolitan areas,
employ fewer than 50 employees. These small companies generally lack the resources to identify
and implement available technologies that can help them modernize their industrial processes
and develop their products in a more efficient manner. This is particularly pronounced in the
manufacturing area.
(b) The state must play a critical role in improving the competitive ability of these companies
by making available information, technical expertise, and other services required to access
existing, off-the-shelf technologies.
    Subd. 4. Strengthen research and development partnerships between industry and
academia. (a) Continued research and development is a prerequisite to the commercialization of
new products and the growth of technology-based companies.
(b) State government must play a significant role in supporting applied research and
development initiatives. To maximize the impact, these initiatives in research and development
must be closely tied to the research needs of the state's technology-based companies.
    Subd. 5. Development of literate and technology skilled work force. (a) To compete in the
future, communities will have to increasingly rely on knowledge-based economies. Not only will
the work force of the future need to be more technically skilled than at present, but the basic level
of literacy will also have to continually increase.
(b) State government must continue to invest extensively in Minnesota's human capital
and must produce more scientists and engineers. This investment is required throughout the
educational system.
    Subd. 6. Take advantage of opportunities in technology development. (a) Investment
in programs that match federal funds for scientific and technological initiatives, match industry
support, or otherwise support the development of research facilities is crucial to scientific and
technological development in Minnesota.
(b) The state must have the ability to act on individual opportunities that may occur from
time to time and that would enhance Minnesota's technology infrastructure.
History: 1992 c 467 s 2

Official Publication of the State of Minnesota
Revisor of Statutes