As construction continues on the science and technology incubator, Western approved plans to develop a separate, non-for-profit entity entitled the Missouri Western State University Research Park Corporation.
The Research Park will lease the incubator from Western and manage it on behalf of the university by subleasing it to entrepreneurial tenants.
A master lease will outline the incubator’s conditions of use and explain how the Research Park Corporation benefits those it leases to. Also, the master lease would require the subleases to have stipulations regarding the profits of the tenants. Briggs explained that this structure was very common when looking at other incubators and research parks already established by universities. (Full story)
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as Western’s new AD on March 7. Scanlon offered Western’s sixth AD position in history to Williams on Thursday morning and he accepted the position later that day.
Committee remains intact.