Florida Senate - 2010                                    SB 1472
       By Senator Detert
       23-01356-10                                           20101472__
    1                        A bill to be entitled                      
    2         An act relating to the Florida Research
    3         Commercialization Matching Grant Program; creating s.
    4         288.9552, F.S.; providing legislative findings and
    5         intent; creating the program; designating an existing
    6         committee, or subcommittee thereof, within Enterprise
    7         Florida, Inc., for certain purposes; providing for
    8         committee members to serve without compensation;
    9         providing a deadline for processing applications;
   10         requiring reports to the Governor and Legislature;
   11         providing eligibility guidelines for applicants;
   12         providing for a program administrator; providing
   13         responsibilities of the program administrator;
   14         providing for program administrative costs;
   15         designating a fiduciary entity; specifying eligibility
   16         requirements; providing for awards; requiring the
   17         Office of Program Policy Analysis and Government
   18         Accountability to conduct a review of the matching
   19         grant program; requiring the office to submit a report
   20         of its findings and recommendations to the Governor
   21         and the Legislature; providing appropriations;
   22         providing an effective date.
   24  Be It Enacted by the Legislature of the State of Florida:
   26         Section 1. Section 288.9552, Florida Statutes, is created
   27  to read:
   28         288.9552Florida Research Commercialization Matching Grant
   29  Program.—
   31         (a)The purpose of the Florida Research Commercialization
   32  Matching Grant Program is to increase the amount of federal
   33  funding coming to this state which will produce the kind of
   34  distinctive technologies that drive today’s knowledge-based
   35  economy. By leveraging federal, state, and private-sector
   36  resources, the program intends to accelerate the innovation
   37  process and more efficiently transform research results into
   38  products in the marketplace.
   39         (b)The matching grant program is specifically intended to
   40  be a catalyst for small or startup companies that can take
   41  advantage of federal and state partnerships in order to
   42  accelerate their growth and market penetration by helping to
   43  overcome the funding gap faced by many small companies that are
   44  based in this state. Specific goals and objectives of the
   45  program include:
   46         1.Increasing the amount of federal research moneys
   47  received by small businesses in this state through awards from
   48  the Small Business Innovation Research Program and the Small
   49  Business Technology Transfer Program of the Office of Technology
   50  of the United States Small Business Administration.
   51         2.Accelerating the entry of new technology-based products
   52  into the marketplace.
   53         3.Producing additional technology-based jobs for the
   54  state.
   55         4.Providing leveraged resources to increase the
   56  effectiveness and success of applicants’ projects.
   57         5.Speeding commercialization of promising technologies.
   58         6.Encouraging the establishment and growth of high
   59  quality, advanced technology firms in the state.
   60         7.Accelerating the rate of investment and enhancing the
   61  state’s investment infrastructure.
   62         (c)The Florida Research Commercialization Matching Grant
   63  Program is created for the purpose of accomplishing the goals
   64  and objectives specified in this section.
   65         (2)ADMINISTRATION.—Enterprise Florida’s Technology,
   66  Entrepreneurship and Capital Committee, or a subcommittee
   67  thereof having no fewer than seven members, shall develop
   68  programmatic policy, ensure statewide applicability of the
   69  matching grant program, establish criteria for grant awards,
   70  approve grant awards, and review program progress and results.
   71         (a)Members of the committee shall serve without
   72  compensation.
   73         (b)Enterprise Florida, Inc., shall provide staff support
   74  for the committee.
   75         (c)Applications for matching grant awards must be reviewed
   76  and approved or denied within 45 days after receipt of the
   77  application.
   78         (d)Beginning December 1, 2010, and annually thereafter,
   79  the committee shall transmit an annual report to the Governor,
   80  the President of the Senate, and the Speaker of the House of
   81  Representatives for the previous fiscal year.
   82         (3)ELIGIBILITY GUIDELINES.—A qualified applicant shall:
   83         (a)Be a business entity that is registered with the
   84  Secretary of State to operate in this state. The qualified
   85  applicant must also have its primary office and a majority of
   86  its employees domiciled in Florida, and the principal research
   87  activities must be conducted in the state.
   88         (b)Be a small company for which a state matching grant is
   89  necessary for project development and implementation.
   90         (c)Have received a Phase I award under the federal Small
   91  Business Innovation Research Program or Small Business
   92  Technology Transfer Program and have received an invitation to
   93  submit an application for a Phase II award. If a Phase II award
   94  has already been issued, the end date of the federal award must
   95  be identified and justification must be provided as to how these
   96  additional funds will enhance, not supplant, the existing award.
   97         (d)Use federal, local, and private resources to the
   98  maximum extent possible. Total project funding shall
   99  demonstrate:
  100         1.Private-sector investments to offset the total cost of
  101  the project; and
  102         2.That not more than 25 percent of the project’s total
  103  funding is provided by the state grant.
  104         (e)Conduct the project funded by the matching grant
  105  program in this state.
  106         (4)PROGRAM ADMINISTRATOR.—Subject to appropriations,
  107  Enterprise Florida, Inc., shall serve as program administrator.
  108  Enterprise Florida, Inc., may contract for the performance of
  109  technology review and related functions with a third party. Not
  110  more than 10 percent of a legislative appropriation may be used
  111  for administrative purposes. The responsibilities of the program
  112  administrator include, but are not limited to:
  113         (a)Coordinating and supporting the grant review, approval,
  114  and contracting activities;
  115         (b)Administering the grant-selection process, including,
  116  but not limited to, issuing open-call requests for grant
  117  applications and receiving, reviewing, and processing grant
  118  applications;
  119         (c)Serving as grant contract manager for recipients of a
  120  matching grant;
  121         (d)Reporting program progress and results; and
  122         (e)Establishing a mechanism by which information regarding
  123  grant projects may be made available to facilitate additional
  124  investment by individual investors, investment for early start
  125  up costs, or venture capital investment.
  126         (5)FIDUCIARY.—Enterprise Florida, Inc., shall award money
  127  to a qualified applicant if:
  128         (a)The committee approves the award;
  129         (b)The qualified applicant demonstrates that it has
  130  obtained a Phase II award under the federal Small Business
  131  Innovation Research Program or Small Business Technology
  132  Transfer Program; and
  133         (c)The qualified applicant executes a performance contract
  134  with Enterprise Florida, Inc.
  136  Enterprise Florida, Inc., shall release funds to a qualified
  137  applicant upon completion of all contract requirements.
  138         (6)AWARDS.—The matching grant program may make one-time
  139  awards of up to $250,000 per project to a qualified applicant.
  140         Section 2. Before the 2013 Regular Session of the
  141  Legislature, the Office of Program Policy Analysis and
  142  Government Accountability shall conduct a review and evaluation
  143  of the effectiveness and viability of the Florida Research
  144  Commercialization Matching Grant Program. The office shall
  145  specifically evaluate the use of federal grants and private
  146  investment and the creation of new businesses and jobs. The
  147  office shall also recommend outcome measures for further
  148  evaluation of the program. The office shall submit a report of
  149  its findings and recommendations to the Governor, the President
  150  of the Senate, and the Speaker of the House of Representatives
  151  by January 1, 2013.
  152         Section 3. The recurring sum of $4 million is appropriated
  153  from the General Revenue Fund to Enterprise Florida, Inc., for
  154  the 2010-2011, 2011-2012, and 2012-2013 fiscal years for the
  155  purpose of implementing s. 288.9552, Florida Statutes.
  156         Section 4. This act shall take effect July 1, 2010.

Disclaimer: The information on this system is unverified. The journals or printed bills of the respective chambers should be consulted for official purposes. Copyright © 2000-2020 State of Florida.