Illinois Compiled Statutes 110 ILCS 135 Higher Education Technology Entrepreneur Center Act. Section 10

    (110 ILCS 135/10)

    Sec. 10. Duties of center. A technology entrepreneur center created under the authority of this Act shall provide material and personal infrastructure to selected innovators who possess an inventive concept that has not yet been offered for sale in the private-sector market, with the goal being to develop a concept to the point where it can become a business venture. The concept may or may not have been patented or be patentable.

    A technology entrepreneur center may offer, but is not required to offer, mentors, workshops, contacts with potential private-sector investors, and a structured course or courses of work-study to bring an innovation from conception to market. The work-study program, if offered, may offer business instruction, engineering instruction, or a structured combination of both forms of knowledge.

(Source: P.A. 97-196, eff. 1-1-12.)

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Last modified: February 18, 2015