Frequently Asked Questions
What is KTEC?
The Kansas Technology Enterprise Corporation is a state-owned corporation established to promote advanced technology economic development in Kansas. We strive to meet the technical needs of Kansas companies by providing access to individuals with expertise and state-of-the-art equipment and facilities. We even provide or help secure financing for research and development.
Why was KTEC created?
Kansas legislators recognized that advanced technology would be a key to Kansas' economic future. KTEC was one of several new state initiatives created in 1987 to promote the growth of Kansas businesses and to attract new industry to our state.
Where does KTEC get its funding?
KTEC's funding is determined by the Legislature each year and comes from the Economic Development Initiative Funds, which is created by revenues from the Kansas Lottery and Racing Commission. To manage the state's investment, KTEC leverages its funding with private sector and federal government funding, employing a return-on-investment philosophy.
What does KTEC do with its funding?
KTEC established a series of integrated financial and consultation programs. Each program is designed to provide companies or entrepreneurs with access to the latest technology or expertise. The goal is to turn ideas into products that sell so that the companies can grow and in turn create jobs and other benefits for the state.
Why should I use KTEC's programs?
We want to help Kansans help themselves. KTEC has access to some of the most knowledgeable and influential scientists and engineers in Kansas. In recent years, we have gained more access to federal programs that can assist entrepreneurs and businesses as well. We can help participants find the equipment, facilities, funding, or expertise that they need. Our mission is to promote innovation in Kansas in addition to creating jobs, and enhancing and preserving our economic base.
Who can use KTEC's programs?
Entrepreneurs, scientists, engineers or companies of all sizes with technology projects that will benefit the Kansas economy are eligible. Partnerships are encouraged! Private industry/university partnerships have proven to be extremely effective.
How does KTEC accomplish its goals and administer its programs?
KTEC's enabling legislation is very explicit in outlining what it can do. The small, professional staff is committed to the best possible management of Kansas' investment. In addition, KTEC has a 20-member board of directors that is charged with oversight of the corporation. Comprised of individuals from the private sector, government, and academia, KTEC's board has its finger on the economic pulse of Kansas.
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