NY Pub Auth L § 3102 (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 - Powers and Duties of the Corporation.

§  3102.  Powers  and duties of the corporation. In furtherance of the   purposes set forth in this  article,  the  corporation  shall  have  the   following powers and duties:1.  To  foster  and  support  scientific  and  technological research,   development and education in  the  state,  through  contracts  or  other   appropriate means, in cooperation with the federal government, the state   government   and   the   political   subdivisions  thereof,  educational   institutions,  non-profit  institutions  and   organizations,   business   enterprise and other persons concerned with scientific and technological   research, development and education in the state.2.  To  sponsor  and  conduct  conferences  and  studies,  collect and   disseminate  information,  and  issue  periodic  reports   relating   to   scientific  and technological research, development and education in the   state.3. To prepare and periodically issue  a  register  of  scientific  and   technological research facilities in the state.3-a.  To  establish and keep current, a roster of New York based small   high technology firms.4. To seek, receive, hold, invest, reinvest and use, on behalf of  the   corporation  and  for  any  of  its  purposes,  real  property, personal   property and moneys, or any interest therein, and the income  therefrom,   either absolutely or in trust. The board of directors, without regard to   the  limitations  of section eleven of the state finance law relating to   gifts but with the concurrence  of  the  director  of  the  budget,  may   acquire  such  property  or moneys for such purpose by the acceptance of   gifts, grants, including matching grants,  appropriations,  bequests  or   devises  from  any  source, including but not limited to the federal and   state governments and agencies.5. To  review  the  technological  development  potential  of  various   regions  of  the state and to cooperate with and make recommendations to   the legislature, state agencies,  local  governments,  local  technology   development  agencies,  the  federal  government, private businesses and   individuals for the realization of such development potential.6.  To  recommend  to  the  state  agencies,  local  governments,  the   governor,  and  the  legislature  policies and programs essential to the   advancement of science and  technology  oriented  industry  and  applied   research  in  New  York  state  and  to  the  promotion of technological   innovation in industries of all types in New York state.7. To assist  small  and  emerging  science  and  technology  oriented   businesses  and  inventors  in  applying for federal research grants and   state  or  federal  procurement  contracts  including  dissemination  of   information on the availability of such grants and contracts.8.  To  collect  and  disseminate information on financial, technical,   marketing, management and other services available to small and emerging   science and technology oriented businesses on a free or for  hire  basis   from   universities,   private  for-profit  businesses,  and  non-profit   organizations.8-a.  To  assist  in  the  export  promotion  and  marketing  of  high   technology  goods  or  services,  in  cooperation with the department of   economic development.9. To identify emerging technologies which provide significant promise   for the  development  of  job-creating  businesses  and  to  disseminate   relevant  information  on  individuals  and  businesses involved in such   areas to the job development authority, the  job  incentive  board,  the   legislative  commission  on  science  and  technology,  local technology   development agencies,  local  industrial  development  authorities,  and   other state, local and non-profit agencies and organizations responsible   for economic development. 10.  To  establish  a focal point for the dissemination of information   regarding inventions for the benefit of inventors interested  in  having   their   ideas   developed   and  commercialized  and  for  entrepreneurs   interested in the commercialization of new products and processes.11.  To encourage and facilitate communication among inventors, banks,   venture capitalists and  other  sources  of  debt  and  equity  capital,   entrepreneurs,  and  technical,  legal, marketing and managerial experts   for the purpose of facilitating the growth and development in this state   of business enterprises involved in the development and  fabrication  of   new commercial products.12. To identify potential sources of debt and equity capital for small   and  emerging  science and technology oriented businesses and to provide   such information to such businesses upon request.13. To make its services and activities known to the public at large.14. To sue and be sued in the name of the corporation, process in  any   action or proceeding may be served upon the secretary of state, as agent   for the corporation, in the manner provided by section three hundred six   of the business corporation law.15. To have and use a corporate seal.16.  To  adopt  rules and regulations, assisted by the commissioner of   economic development and in consultation with the department of economic   development and in accordance with the  state  administrative  procedure   act.  Such regulations shall be consistent with law, shall be consistent   with the program plan required by subdivision nineteen  of  section  one   hundred  of  the  economic development law, and shall govern any matters   relating to the activities of the corporation.17. To have and exercise all powers necessary or convenient to  effect   any or all of the purposes of the corporation.