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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 13 - Business Credit and Assistance |
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Chapter III - Economic Development Administration, Department of Commerce |
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Part 312 - Regional Innovation Program |
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Subpart A - General Provisions |
§ 312.1 - Purpose and scope of the Regional Innovation Program.
Latest version.
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§ 312.1 Purpose and scope of the Regional Innovation Program.
The purpose of the Regional Innovation Program is to encourage and support the development of regional innovation strategies. The Regional Innovation Program includes two sub-programs. One is focused on the formation and development of regional innovation clusters and implemented through the Regional Innovation Strategies Program. 15 U.S.C. 3722(b). The second program is focused on best practices, metrics and the collection and dissemination of information related to regional innovation strategies, achieved through the Regional Innovation Research and Information Program. 15 U.S.C. 3722(c). The Secretary has delegated to the Economic Development Administration the authority to implement and administer the Regional Innovation Program.