August 05, 2020
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HB 983

A bill to be entitled
2An act relating to the Florida Research Commercialization
3Matching Grant Program; creating s. 288.9552, F.S.;
4providing legislative findings and intent; creating the
5program; designating an existing committee, or
6subcommittee thereof, within Enterprise Florida, Inc., for
7certain purposes; providing for committee members to serve
8without compensation; providing a deadline for processing
9applications; requiring reports to the Governor and
10Legislature; providing eligibility guidelines for
11applicants; providing for a program administrator;
12providing responsibilities of the program administrator;
13providing for program administrative costs; designating a
14fiduciary entity; specifying eligibility requirements;
15providing for awards; requiring the Office of Program
16Policy Analysis and Government Accountability to conduct a
17review of the matching grant program; requiring the office
18to submit a report of its findings and recommendations to
19the Governor and the Legislature; providing
20appropriations; providing an effective date.
22Be It Enacted by the Legislature of the State of Florida:
24     Section 1.  Section 288.9552, Florida Statutes, is created
25to read:
26     288.9552  Florida Research Commercialization Matching Grant
29     (a)  The purpose of the Florida Research Commercialization
30Matching Grant Program is to increase the amount of federal
31funding coming to this state which will produce the kind of
32distinctive technologies that drive today's knowledge-based
33economy. By leveraging federal, state, and private-sector
34resources, the program intends to accelerate the innovation
35process and more efficiently transform research results into
36products in the marketplace.
37     (b)  The matching grant program is specifically intended to
38be a catalyst for small or startup companies that can take
39advantage of federal and state partnerships in order to
40accelerate their growth and market penetration by helping to
41overcome the funding gap faced by many small companies that are
42based in this state. Specific goals and objectives of the
43program include:
44     1.  Increasing the amount of federal research moneys
45received by small businesses in this state through awards from
46the Small Business Innovation Research Program and the Small
47Business Technology Transfer Program of the Office of Technology
48of the United States Small Business Administration.
49     2.  Accelerating the entry of new technology-based products
50into the marketplace.
51     3.  Producing additional technology-based jobs for the
53     4.  Providing leveraged resources to increase the
54effectiveness and success of applicants' projects.
55     5.  Speeding commercialization of promising technologies.
56     6.  Encouraging the establishment and growth of high-
57quality, advanced technology firms in the state.
58     7.  Accelerating the rate of investment and enhancing the
59state's investment infrastructure.
60     (c)  The Florida Research Commercialization Matching Grant
61Program is created for the purpose of accomplishing the goals
62and objectives specified in this section.
63     (2)  ADMINISTRATION.-Enterprise Florida's Technology,
64Entrepreneurship and Capital Committee, or a subcommittee
65thereof having no fewer than seven members, shall develop
66programmatic policy, ensure statewide applicability of the
67matching grant program, establish criteria for grant awards,
68approve grant awards, and review program progress and results.
69     (a)  Members of the committee shall serve without
71     (b)  Enterprise Florida, Inc., shall provide staff support
72for the committee.
73     (c)  Applications for matching grant awards must be
74reviewed and approved or denied within 45 days after receipt of
75the application.
76     (d)  Beginning December 1, 2010, and annually thereafter,
77the committee shall transmit an annual report to the Governor,
78the President of the Senate, and the Speaker of the House of
79Representatives for the previous fiscal year.
80     (3)  ELIGIBILITY GUIDELINES.-A qualified applicant shall:
81     (a)  Be a business entity that is registered with the
82Secretary of State to operate in this state. The qualified
83applicant must also have its primary office and a majority of
84its employees domiciled in Florida, and the principal research
85activities must be conducted in the state.
86     (b)  Be a small company for which a state matching grant is
87necessary for project development and implementation.
88     (c)  Have received a Phase I award under the federal Small
89Business Innovation Research Program or Small Business
90Technology Transfer Program and have received an invitation to
91submit an application for a Phase II award. If a Phase II award
92has already been issued, the end date of the federal award must
93be identified and justification must be provided as to how these
94additional funds will enhance, not supplant, the existing award.
95     (d)  Use federal, local, and private resources to the
96maximum extent possible. Total project funding shall
98     1.  Private-sector investments to offset the total cost of
99the project; and
100     2.  That not more than 25 percent of the project's total
101funding is provided by the state grant.
102     (e)  Conduct the project funded by the matching grant
103program in this state.
104     (4)  PROGRAM ADMINISTRATOR.-Subject to appropriations,
105Enterprise Florida, Inc., shall serve as program administrator.
106Enterprise Florida, Inc., may contract for the performance of
107technology review and related functions with a third party. Not
108more than 10 percent of a legislative appropriation may be used
109for administrative purposes. The responsibilities of the program
110administrator include, but are not limited to:
111     (a)  Coordinating and supporting the grant review,
112approval, and contracting activities;
113     (b)  Administering the grant-selection process, including,
114but not limited to, issuing open-call requests for grant
115applications and receiving, reviewing, and processing grant
117     (c)  Serving as grant contract manager for recipients of a
118matching grant;
119     (d)  Reporting program progress and results; and
120     (e)  Establishing a mechanism by which information
121regarding grant projects may be made available to facilitate
122additional investment by individual investors, investment for
123early start-up costs, or venture capital investment.
124     (5)  FIDUCIARY.-Enterprise Florida, Inc., shall award money
125to a qualified applicant if:
126     (a)  The committee approves the award;
127     (b)  The qualified applicant demonstrates that it has
128obtained a Phase II award under the federal Small Business
129Innovation Research Program or Small Business Technology
130Transfer Program; and
131     (c)  The qualified applicant executes a performance
132contract with Enterprise Florida, Inc.
134Enterprise Florida, Inc., shall release funds to a qualified
135applicant upon completion of all contract requirements.
136     (6)  AWARDS.-The matching grant program may make one-time
137awards of up to $250,000 per project to a qualified applicant.
138     Section 2.  Before the 2013 Regular Session of the
139Legislature, the Office of Program Policy Analysis and
140Government Accountability shall conduct a review and evaluation
141of the effectiveness and viability of the Florida Research
142Commercialization Matching Grant Program. The office shall
143specifically evaluate the use of federal grants and private
144investment and the creation of new businesses and jobs. The
145office shall also recommend outcome measures for further
146evaluation of the program. The office shall submit a report of
147its findings and recommendations to the Governor, the President
148of the Senate, and the Speaker of the House of Representatives
149by January 1, 2013.
150     Section 3.  The recurring sum of $4 million is appropriated
151from the General Revenue Fund to Enterprise Florida, Inc., for
152the 2010-2011, 2011-2012, and 2012-2013 fiscal years for the
153purpose of implementing s. 288.9552, Florida Statutes.
154     Section 4.  This act shall take effect July 1, 2010.

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