How does OCAST accomplish its goals and administer its programs?
OCAST’s enabling legislation defines the duties and responsibilities of the agency and board. Governed by a board of directors with members from both the private and public sector, OCAST works in partnership with the private sector, higher education, other state agencies and non-profit organizations. OCAST-funded research projects are first peer reviewed by a majority of out-of-state science and business experts and ranked according to scientific merit and commercial potential. In this way, OCAST ensures state funds are wisely invested where they will have the most impact. OCAST is the state’s only agency whose sole focus is technology – its development, transfer and commercialization.
