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Statewide Bioscience Initiative:
Kansas Economic Growth Act
As a “first step” in its bioscience-specific work, KTEC assisted in the development of the Kansas Economic Growth Act (KEGA), which has at its core the statewide Bioscience Initiative. |
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KTEC leveraged its knowledge and resources during the development, research and writing phase of KEGA. KEGA passed with overwhelming margins in both the House and Senate, and was signed into law last year. Since that time, KEGA has drawn national attention and accolades.
The Bioscience Initiative within KEGA provides a tangible process for promotion and support of the bioscience industry. A funding mechanism in KEGA, tied to growth in the Kansas bioscience industry, is expected to generate more than $580 million over the next 10 to 15 years. These funds can be utilized to develop the bioscience research- to-development continuum, recruit world-class scholars, fund the development of the necessary lab space and equipment to conduct superior research in the biosciences, drive the commercialization of bioscience discoveries, and support the growth of the bioscience industry base.
In order to receive the best guidance possible in the use of such funds, KEGA created the Kansas Bioscience Authority (BioAuthority)-a completely independent body composed of prominent local and national leaders in the areas of technology, science and economic development. To ensure every possible chance of success, KTEC is working closely with the BioAuthority. This prominent and innovative group, supported by KTEC and its resources, is positioned to change the economy and quality of life for all Kansans.
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