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Definitions - 12 Pa. Cons. Stat. § 3702

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     § 3702.  Definitions.
        The following words and phrases when used in this chapter
     shall have the meanings given to them in this section unless the
     context clearly indicates otherwise:
        "Institution of higher education."  A public or private
     institution within this Commonwealth authorized by the
     Department of Education to grant an associate degree or higher
     degree. The term includes branch or satellite campus of the
     institution.
        "Keystone innovation zone."  A clearly defined contiguous
     geographic area comprised of portions of one or more political
     subdivisions.
        "Keystone innovation zone company."  A for-profit business
     entity which is all of the following:
            (1)  Located within a keystone innovation zone.
            (2)  Has been in operation for less than eight years.
            (3)  Falls within one of the targeted industry segments
        adopted by the keystone innovation zone partnership in its
        strategic plan.
        "Keystone innovation zone coordinator."  A nonprofit
     organization which is all of the following:
            (1)  Not an institution of higher education.
            (2)  Chosen by a keystone innovation zone partnership and
        agreed to by the department to administer the activities of a
        keystone innovation zone.
        "Keystone innovation zone partnership."  Any association or
     group which is all of the following:
            (1)  Comprised of at least one institution of higher
        education and a combination of private businesses, business
        support organizations, commercial lending institutions,
        venture capital companies, angel investor networks or
        foundations.
            (2)  Formed for the creation and administration of a
        keystone innovation zone.
        "KIZ."  A keystone innovation zone.
        "KIZ company."  A keystone innovation zone company.
        "KIZ coordinator."  A keystone innovation zone coordinator.
        "KIZ partnership."  A keystone innovation zone partnership.

Last modified: November 27, 2007