§ 3102-d. Technology development organization program. 1. Definitions.
As used in this section, the following terms shall have the following
meanings:

(a) "Technology development organizations" shall mean any
not-for-profit corporation or other nonprofit organization, association,
or agency which is organized for the purpose of the promotion,
attraction, stimulation, development and expansion of science and
technology-oriented economic activity in a particular region of the
state or in one or more counties or cities. For the purposes of this
section, a technology development organization shall include
not-for-profit corporations or other nonprofit organizations,
associations, or agencies which are organized for the stated purpose
either prior to or following the effective date of this section,
including such organization which had begun operations prior to said
date.

(b) "In-kind services" shall mean the donation of quantifiable goods
and services including but not limited to professional services and
time, equipment, material and office space for use by a technology
development organization in furtherance of its stated purposes or
provided on behalf of the technology development organization to others
for such purposes and for which there is no monetary remuneration. Any
such in-kind services must have prior approval by the foundation to
satisfy the matching requirement of the technology development
organization program.

2. The foundation is hereby authorized to award grants on a
competitive basis, from such funds as may be appropriated for this
purpose by the legislature, to match funds expended by technology
development organizations for the purposes set forth in this section and
in accordance with rules and regulations promulgated by the foundation
pursuant to this section.

3. Matching funds shall be provided only for purposes which are
related to the realization of the technological development potential of
a particular region of the state in accordance with the findings of the
foundation pursuant to subdivision five of section thirty-one hundred
two of this chapter. Among the activities for which matching funds may
be provided are the following:

(a) Sponsoring and conducting regional conferences and studies,
collecting and disseminating information and issuing periodic reports
relating to scientific and technological research, development and
education in the region;

(b) Preparing and periodically issuing a register of scientific and
technological research facilities in the region;

(c) Assisting small and emerging science and technology-oriented
businesses within the region in applying for federal or state research
grants or procurement contracts and disseminating information on the
availability of such grants and contracts;

(d) Collecting and disseminating information on financial, technical,
marketing, management and other services available to small and emerging
science and technology-oriented businesses within the region and
arranging access to such services on a free or for-hire basis from
universities, private for-profit businesses and nonprofit organizations;

(e) Providing technical assistance including management, marketing and
financial packaging assistance to, and collecting and disseminating
information regarding inventions for the benefit of, inventors
interested in having their ideas developed and commercialized and
entrepreneurs interested in the commercialization of new products and
processes;

(f) Supporting university-industry collaboration in applied research,
the promotion of incubator facilities and the generation of brokering of
venture capital to support regional new enterprise development;

(g) Establishing or updating a technology development strategy for the
region;

(h) Establishing regional data base services, linked through the
foundation into a statewide data base, which identify resources
available from colleges, universities and technical service providers
and which provide information, including venture capital sources and
labor market statistics, of interest to and for use by entrepreneurs and
technology-oriented businesses;

(i) Sponsoring or working with regional industrial extension services
to provide technological information to industry and to communicate
industrial needs to universities and others, brokering joint
university-industry investigations to aid industry, and assisting in the
provision of productivity improvements to mature industries;

(j) Projecting the need for the technical and professional workforce
within the region and assisting others in planning for projected
dislocations and retraining; and

(k) Assisting the foundation and the department of economic
development in identifying and contacting eligible applicants, as
defined in paragraph (a) of subdivision one of section two hundred
twenty-four of the economic development law, and sponsoring, in
conjunction with the foundation and the department of economic
development, conferences, seminars, counseling sessions and other
outreach efforts aimed at improving the competitive position of
applicants in international markets by promoting exporting.

(l) Conducting such other appropriate activities as may be established
by the foundation for the purpose of realizing the technological
development potential of the region served by the applicant.

4. Notwithstanding any other law, grants made by the foundation
pursuant to this section shall be equally matched by the technology
development organization except that up to fifty percent of the match
made by the technology development organization may be of in-kind
services as approved by the foundation.

5. The foundation may establish such requirements as it deems
appropriate for the format and content of applications for matching
grants pursuant to this section and shall set reasonable deadlines for
the submission of applications for such support.

6. The foundation may select from competing applications, those which
it judges to be of greatest benefit to the welfare of the people of the
state and may approve or reject any or all of the competing
applications. The foundation shall notify all applicants of the approval
or rejection of their applications in a timely fashion.

7. The foundation shall require periodic but at least semi-annual
reports and other such documents and information as it deems necessary
to monitor and review the performance of each technology development
organization awarded a grant and shall conduct an annual evaluation of
the program which shall include the quality of the activities performed
and conformity thereof to the grant provisions and the purposes and
provisions set forth in this section.

8. The foundation shall submit a report by May first, nineteen hundred
eighty-eight, and each December thirty-first thereafter, to the
governor, the temporary president of the senate and the speaker of the
assembly, detailing the activities that each technology development
organization has undertaken during the reporting year. Such reports
shall include but not be limited to, the composition of the
organization, the amount of the grant awarded and the match provided,
the duties and obligations required by the foundation, a description of
the organization's activities and accomplishments, the number of jobs
created or retained, the number and types of companies assisted and any
other information pertinent in evaluating the program.