### Question
How does the law define venture development organization?


### Answer
Under *15 U.S.C. § 3722*, **venture development organization** is defined as:

> a State or nonprofit organization that contributes to regional or sector-based economic prosperity by providing services for the purposes of accelerating the commercialization of research

#### Citation:
  - *15 U.S.C. § 3722*
  - Heading: **CHAPTER 63-TECHNOLOGY INNOVATION**

