NY Pub Auth L § 3102-D (2021)
2021 New York Laws PBA - Public Authorities Article 10-A - New York State Science and Technology Title 1 - New York State Science and Technology Foundation 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.