2023 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.