Section 2

In this Act, unless the context otherwise requires —“Agency” means the Agency for Science, Technology and Research established under section 3;“chief executive officer” means the chief executive of the Agency, and includes any individual acting in that capacity;“commercial application”, in relation to any knowledge or technology, means the application, utilisation or exploitation of such knowledge or technology in the manufacture, production, sale, distribution or provision of goods or services in the course of any trade, business, enterprise or profession, and includes any business or commercial activity that is necessary for or related to the promotion, development or growth of any such trade, business, enterprise or profession;“financial assistance” includes assistance by way of grant, loan, loan guarantee, the purchase or guarantee of bonds, debentures, notes or other debt obligations or the purchase or acquisition of any stock, shares or other equity securities;“member” means a member of the Agency and includes the Chairperson.