What does OCAST mean in UNIVERSITIES
The Oklahoma Center for the Advancement of Science and Technology, or OCAST, is a world-renowned research institution dedicated to advancing the future of science and technology. Founded in 1986, OCAST has committed itself to equipping innovators with the resources needed to create cutting-edge technologies that address global challenges and improve quality of life for all.
OCAST meaning in Universities in Academic & Science
OCAST mostly used in an acronym Universities in Category Academic & Science that means Oklahoma Center for the Advancement of Science and Technology
Shorthand: OCAST,
Full Form: Oklahoma Center for the Advancement of Science and Technology
For more information of "Oklahoma Center for the Advancement of Science and Technology", see the section below.
What Does OCAST Do?
OCAST is focused on fostering innovation through research and development activities. These activities range from providing grants to individual entrepreneurs and startups all the way up to large-scale projects such as developing energy efficient automation systems. Additionally, OCAST offers workshops, internships, fellowships, and other career development opportunities designed to give scientists and budding entrepreneurs the resources they need to be successful.
Why Is OCAST Important?
Advanced science and technology play an increasingly important role in our world today. From advances in medical treatments to new sustainable energy sources, research conducted at OCAST has led to a number of groundbreaking discoveries throughout its more than 30 years as an institution. By providing an environment where innovators can develop cutting-edge technologies while receiving funding assistance, support, and recognition for their work, OCAST is helping promote the scientific advancements needed for our future.
Essential Questions and Answers on Oklahoma Center for the Advancement of Science and Technology in "SCIENCE»UNIVERSITIES"
What is OCAST?
OCAST stands for Oklahoma Center for the Advancement of Science and Technology. It was established in 1987 as a state agency to direct and support technology-based economic development initiatives in Oklahoma. OCAST awards grants and contracts to help Oklahoma businesses develop innovative products, processes, and services that will compete successfully in the global marketplace.
How does OCAST promote economic development?
OCAST encourages economic development through grant programs that fund research, product and process development, business formation activities, regional collaboration initiatives, industrial training seminars and market expansion projects. Additionally, the agency coordinates resources with other government entities to provide opportunity for potential entrepreneurs or small businesses to access capital or specialized business advising services.
Who can apply for an OCAST grant?
Companies located in Oklahoma which engage in scientific research activity are eligible to submit grant applications. However, all projects must be approved by the State Regents for Higher Education before any grant funds are released. The type of funding available also depends on factors such as whether it is a private or public entity seeking assistance.
What types of projects receive OCAST funding?
In general, any project related to science advancement or technology innovation may qualify for an award from OCAST if it includes a benefit to the state's economy or researchers associated with educational institutions located within the state. Examples include exploring new products or services, developing new prototypes or designs based upon existing technologies or improving existing production processes while reducing costs or increasing efficiency.
Is there any cost associated with applying for an OCAST grant?
No; applicants are not charged a fee during the application process nor after receiving funds from an approved award..
What criteria must companies meet in order to be eligible for an OCAST Award?
Eligible companies must have their headquarters located within Oklahoma and demonstrate a connection between their activities and the advancement of science, technology innovation or industry diversification/competitiveness throughout Oklahoma´s economy.. Additionally, all companies must submit detailed project plans that cover fiscal consideration such as total budget requirements, project timeline estimates and expected outcomes of proposed activities being funded by a potential award..
Does every company who applies receive some sort of award from OCAST?
No; application form submissions are closely examined against predetermined guidelines set forth by the organization before awards are issued and not all requests can be granted. Furthermore, certain categories may become oversubscribed due to popularity resulting in higher competition amongst applicants wishing to receive funding..
Does every project need approval prior to receiving funds from an awarded invoice?
Yes; all projects require approval by either OCAST's board members prior to being outsourced with payment arrangements being made available once terms have been agreed upon.. Every applicant is highly encouraged seek out advice from both internal sources such as company leadership teams but also external entities like venture capitalists if additional resources are needed beyond what can be provided by an awarded grant..