KRS 154.12-320: Kentucky Science and Engineering Foundation.

The Kentucky Science and Technology Corporation shall administer and manage the

Kentucky Science and Engineering Foundation as a means to increase Kentucky's

capacity to become a leader state in competitive research by attracting more research

funding from all sources to the Commonwealth. The Kentucky Science and Engineering

Foundation shall be modeled in part on the National Science Foundation and shall make

its own investments in peer -reviewed science and engineering research, to accelerate the

rate of re search and development funds and work to increase the amount of federal and

private sector funds for this work in Kentucky.