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NY A02032
Bill
Status
1/9/2013
Primary Sponsor
Robin Schimminger
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AI Summary
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Establishes a Small Business Innovation Research (SBIR) program within the New York State Urban Development Corporation to provide matching state funding for small businesses that receive federal SBIR awards.
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Requires eligible small businesses to have their principal place of business in New York, conduct research solely in New York, and meet federal SBIR requirements to qualify for state matching grants up to $50,000 or the amount of the federal award, whichever is less.
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Mandates the Corporation contact Phase I SBIR award recipients within 30 days of federal announcement and establish rules and regulations for award selection that cannot arbitrarily exclude particular technologies or company groups.
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Requires annual reporting to the Governor and Legislature on program results including number of applicants and award recipients, products developed, patents applied for, and licensing information.
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Repeals the previous SBIR program section 3102-c of the Public Authorities Law and requires the Corporation to promote awareness of the federal and state SBIR programs and facilitate small business-university technology councils.
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
reported referred to ways and means
4/29/2014