{"data":{"id":"us-ct/conn.-gen.-stat.-32-40b","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 32-40b","heading":"State funding for advanced technology centers; considerations in approval process by Connecticut Innovations, Incorporated.","body":"In approving the application of an advanced technology center, as defined in section 32-34, for state funding, Connecticut Innovations, Incorporated, shall assess scientific, economic, management and financial factors, including, but not limited to the following:\n(1) The likelihood that the research proposal will result in fundamental technological advances transferable to commercial application and the means that the center proposes to make these transfers;\n(2) The potential of the research proposal to stimulate technological advances in existing businesses, new business creation and long-term job growth in Connecticut;\n(3) Evidence of significant financial commitment by academic and industrial participants and the likelihood that the center will become self-sufficient by the end of the state's financial commitment period;\n(4) Evidence that the state will receive a financial return commensurate with its investment in the center;\n(5) The level of representation by all financial participants in the center's proposed management structure;\n(6) The planned involvement of small businesses and academic institutions in the center's activities;\n(7) The center's plan to involve minority students and minority-owned businesses in its activities; and\n(8) The adequacy of the center's proposed mechanisms for evaluating its progress.","path":["TITLE 32. COMMERCE AND ECONOMIC AND COMMUNITY DEVELOPMENT","CHAPTER 581*. INNOVATION CAPITAL ACT OF 1989. CONNECTICUT INNOVATIONS, INCORPORATED"],"source_url":"https://www.cga.ct.gov/current/pub/chap_581.htm#sec_32-40b","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:10Z","sha256":"d89fbd58d1db4af950ae7ee440c783bad2e1150319f8ef3c8c8f9acd0ed46aa1","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-32-40a","next":"us-ct/conn.-gen.-stat.-32-40c"},"notice":"GroundRules: Original legal text. Not legal advice."}