Overland Park The Kansas Bioscience Authority may soon be on the lookout for an executive director.
The nine-member authority on Wednesday laid out its plans for an organizational model, which includes an executive director. The authority also will need people to focus on several key areas, including attracting business to the state, serving existing Kansas companies and the transferring of intellectual property into the marketplace. These plans are developing.
The authority was created by the 2004 Kansas Economic Growth Act, which provides that growth in tax dollars from the state's biotechnology efforts will be reinvested back into the life sciences.
The authority on Wednesday had no new reports of companies coming to the area.
"We're talking with a number of companies right now, particularly out of state," said Clay Blair, the Overland Park businessman who chairs the board.
Blair said he expects announcements of businesses moving to the state before the end of this year. The authority in July approved its first fund allocation, with $150,000 to lure Prescription Solutions to Overland Park. The authority has about $5.5 million currently in its budget.
The authority also will spend $10,000 to investigate a business plan used by BioEnterprise in northeast Ohio. This plan includes having a strong link between research and venture capital. The $10,000 will pay for consulting from BioEnterprise.
In other business, the authority also called on R.W. Trewyn and Jim Roberts to advise the authority in such areas as technology transfers, intellectual property and efforts to recruit scholars to the state. Trewyn is Kansas State University's vice provost for research and dean of the graduate school. Roberts is Kansas University's vice provost for research.