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NY A03410
Bill
Status
1/25/2011
Primary Sponsor
Robin Schimminger
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AI Summary
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Transfers the Small Business Innovation Research (SBIR) Program from the Public Authorities Law (Section 3102-c) to the New York State Urban Development Corporation Act (Chapter 174 of the laws of 1968)
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Requires the Corporation to contact Phase I SBIR award recipients located in New York within 30 days of federal announcement and provide program information
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Limits state matching grants to the lesser of the federal SBIR award amount or $50,000, with proportional reductions if total appropriated funds are insufficient
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Establishes eligibility criteria requiring recipients' principal place of business and research performance to be in New York, prohibits equipment/facilities/travel expenses, and restricts contracted research services to one-third of awarded funds
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Mandates annual reporting to the Governor and Legislature on program results including number of applicants, awards, patents, licenses, and products developed
Legislative Description
Recodifies the small business innovation research program within the New York state urban development corporation act; alters provisions under the small business innovation research program particularly as they affect Phase I award winners; prohibits arbitrary exclusion of technologies and companies; provides for matching of federal funds, to a certain extent.
Last Action
print number 3410b
5/4/2012