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NY A07663
Bill
Status
4/4/2025
Primary Sponsor
Steve Stern
Click for details
AI Summary
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Establishes the New York State Innovation Voucher Program under Empire State Development Corporation to connect small businesses with research and development resources at colleges, universities, government laboratories, and public research institutes
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Awards vouchers up to $10,000 per eligible project, or up to $50,000 for "exceptionally innovative projects" in emerging technology fields, with recipients required to provide dollar-for-dollar matching funds
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Eligible project costs include prototype development, field testing, and engineering; ineligible expenses include employee time, marketing materials, construction costs, and routine business services
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Applications reviewed by advisory committees composed of members from higher education, science and technology, and business communities, evaluating technical feasibility, commercial viability, and job creation potential
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Requires quarterly reports on vouchers issued, funding used, recipients, research partners, jobs created or retained, patents produced, and economic development impact
Legislative Description
Establishes the New York state innovation voucher program; provides small businesses with access to research and development by colleges and universities, government laboratories and public research institutes in order to assist such businesses in the creation of innovative products or services.
Last Action
referred to small business
1/7/2026