It is important for our state to take money that is already being spent in the state and use that money more wisely to develop Oklahoma industries. To do that we must present incentives to our research professors and universities. Those monies are producing some type of output or product.
Incentives can create embryonic industries as well as support existing growth industries.
To tie all the facets of technology transfer together we need an outstanding individual who can oversee and nurture the program until it is established and operational. And, if it is determined by the legislature, that the Oklahoma constitution requires a change for the universities to take an equity or royalty interest, then I hope Frank McPherson would lead that effort. The Oklahoma Department of Commerce, OU, OSU and our industries will all benefit from having such an outstanding civic and business pioneer serve our state in such an important economic development effort.