N.Y. Public Authorities Law § 3102-d: Technology development organization program

§ 3102-d. Technology development organization program. 1. Definitions.

As used in this section, the following terms shall have the following

meanings:

(a) "Technology development organizations" shall mean any

not-for-profit corporation or other nonprofit organization, association,

or agency which is organized for the purpose of the promotion,

attraction, stimulation, development and expansion of science and

technology-oriented economic activity in a particular region of the

state or in one or more counties or cities. For the purposes of this

section, a technology development organization shall include

not-for-profit corporations or other nonprofit organizations,

associations, or agencies which are organized for the stated purpose

either prior to or following the effective date of this section,

including such organization which had begun operations prior to said

date.

(b) "In-kind services" shall mean the donation of quantifiable goods

and services including but not limited to professional services and

time, equipment, material and office space for use by a technology

development organization in furtherance of its stated purposes or

provided on behalf of the technology development organization to others

for such purposes and for which there is no monetary remuneration. Any

such in-kind services must have prior approval by the foundation to

satisfy the matching requirement of the technology development

organization program.

2. The foundation is hereby authorized to award grants on a

competitive basis, from such funds as may be appropriated for this

purpose by the legislature, to match funds expended by technology

development organizations for the purposes set forth in this section and

in accordance with rules and regulations promulgated by the foundation

pursuant to this section.

3. Matching funds shall be provided only for purposes which are

related to the realization of the technological development potential of

a particular region of the state in accordance with the findings of the

foundation pursuant to subdivision five of section thirty-one hundred

two of this chapter. Among the activities for which matching funds may

be provided are the following:

(a) Sponsoring and conducting regional conferences and studies,

collecting and disseminating information and issuing periodic reports

relating to scientific and technological research, development and

education in the region;

(b) Preparing and periodically issuing a register of scientific and

technological research facilities in the region;

(c) Assisting small and emerging science and technology-oriented

businesses within the region in applying for federal or state research

grants or procurement contracts and disseminating information on the

availability of such grants and contracts;

(d) Collecting and disseminating information on financial, technical,

marketing, management and other services available to small and emerging

science and technology-oriented businesses within the region and

arranging access to such services on a free or for-hire basis from

universities, private for-profit businesses and nonprofit organizations;

(e) Providing technical assistance including management, marketing and

financial packaging assistance to, and collecting and disseminating

information regarding inventions for the benefit of, inventors

interested in having their ideas developed and commercialized and

entrepreneurs interested in the commercialization of new products and

processes;

(f) Supporting university-industry collaboration in applied research,

the promotion of incubator facilities and the generation of brokering of

venture capital to support regional new enterprise development;

(g) Establishing or updating a technology development strategy for the

region;

(h) Establishing regional data base services, linked through the

foundation into a statewide data base, which identify resources

available from colleges, universities and technical service providers

and which provide information, including venture capital sources and

labor market statistics, of interest to and for use by entrepreneurs and

technology-oriented businesses;

(i) Sponsoring or working with regional industrial extension services

to provide technological information to industry and to communicate

industrial needs to universities and others, brokering joint

university-industry investigations to aid industry, and assisting in the

provision of productivity improvements to mature industries;

(j) Projecting the need for the technical and professional workforce

within the region and assisting others in planning for projected

dislocations and retraining; and

(k) Assisting the foundation and the department of economic

development in identifying and contacting eligible applicants, as

defined in paragraph (a) of subdivision one of section two hundred

twenty-four of the economic development law, and sponsoring, in

conjunction with the foundation and the department of economic

development, conferences, seminars, counseling sessions and other

outreach efforts aimed at improving the competitive position of

applicants in international markets by promoting exporting.

(l) Conducting such other appropriate activities as may be established

by the foundation for the purpose of realizing the technological

development potential of the region served by the applicant.

4. Notwithstanding any other law, grants made by the foundation

pursuant to this section shall be equally matched by the technology

development organization except that up to fifty percent of the match

made by the technology development organization may be of in-kind

services as approved by the foundation.

5. The foundation may establish such requirements as it deems

appropriate for the format and content of applications for matching

grants pursuant to this section and shall set reasonable deadlines for

the submission of applications for such support.

6. The foundation may select from competing applications, those which

it judges to be of greatest benefit to the welfare of the people of the

state and may approve or reject any or all of the competing

applications. The foundation shall notify all applicants of the approval

or rejection of their applications in a timely fashion.

7. The foundation shall require periodic but at least semi-annual

reports and other such documents and information as it deems necessary

to monitor and review the performance of each technology development

organization awarded a grant and shall conduct an annual evaluation of

the program which shall include the quality of the activities performed

and conformity thereof to the grant provisions and the purposes and

provisions set forth in this section.

8. The foundation shall submit a report by May first, nineteen hundred

eighty-eight, and each December thirty-first thereafter, to the

governor, the temporary president of the senate and the speaker of the

assembly, detailing the activities that each technology development

organization has undertaken during the reporting year. Such reports

shall include but not be limited to, the composition of the

organization, the amount of the grant awarded and the match provided,

the duties and obligations required by the foundation, a description of

the organization's activities and accomplishments, the number of jobs

created or retained, the number and types of companies assisted and any

other information pertinent in evaluating the program.