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       Florida Senate - 2010                             CS for SB 1472
       By the Committee on Commerce; and Senator Detert
       577-03655-10                                          20101472c1
    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; specifying procedures
    6         for processing program applications; providing
    7         eligibility guidelines for applicants; providing for a
    8         program administrator; providing responsibilities of
    9         the program administrator; providing for certain
   10         contracts; providing for program administrative costs;
   11         providing for grant awards up to a specified amount;
   12         requiring the Institute for the Commercialization of
   13         Public Research to submit an annual progress report of
   14         the program to the Governor and Legislature; providing
   15         for expiration of the grant program; providing an
   16         effective date.
   18  Be It Enacted by the Legislature of the State of Florida:
   20         Section 1. Section 288.9552, Florida Statutes, is created
   21  to read:
   22         288.9552Florida Research Commercialization Matching Grant
   23  Program.—
   25         (a)The purpose of the Florida Research Commercialization
   26  Matching Grant Program is to increase the amount of federal
   27  funding to this state which will produce the kind of distinctive
   28  technologies that drive today’s knowledge-based economy. By
   29  leveraging federal, state, and private-sector resources, the
   30  Legislature intends that the program accelerate the innovation
   31  process and more efficiently transform research results into
   32  products in the marketplace.
   33         (b)The matching grant program is specifically intended to
   34  be a catalyst for small or startup companies that can take
   35  advantage of federal and state partnerships in order to
   36  accelerate their growth and market penetration by helping them
   37  to overcome the funding gap faced by many small companies that
   38  are based in this state. Specific goals and objectives of the
   39  program include:
   40         1.Increasing the amount of federal research moneys
   41  received by small businesses in this state through awards from
   42  the Small Business Innovation Research Program and the Small
   43  Business Technology Transfer Program of the Office of Technology
   44  of the United States Small Business Administration.
   45         2.Accelerating the entry of new technology-based products
   46  into the marketplace.
   47         3.Producing additional technology-based jobs for the
   48  state.
   49         4.Providing leveraged resources to increase the
   50  effectiveness and success of applicants’ projects.
   51         5.Speeding commercialization of promising technologies.
   52         6.Encouraging the establishment and growth of high
   53  quality, advanced technology firms in the state.
   54         7.Accelerating the rate of investment and enhancing the
   55  state’s investment infrastructure.
   56         (c)The Florida Research Commercialization Matching Grant
   57  Program is created for the purpose of accomplishing the goals
   58  and objectives specified in this section.
   59         (2)ADMINISTRATION.—The Florida Institute for the
   60  Commercialization of Public Research shall develop programmatic
   61  policy, ensure statewide applicability of the matching grant
   62  program, establish criteria for grant awards, approve grant
   63  awards, and review program progress and results.
   64         (3)ELIGIBILITY GUIDELINES.—A qualified applicant must:
   65         (a)Be a business entity that is registered with the
   66  Secretary of State to operate in this state. The qualified
   67  applicant must also have its primary office and a majority of
   68  its employees domiciled in Florida, and its principal research
   69  activities must be conducted in the state.
   70         (b)Be a small company for which a state matching grant is
   71  necessary for project development and implementation.
   72         (c)Have received a Phase I award under the federal Small
   73  Business Innovation Research Program or Small Business
   74  Technology Transfer Program and have received an invitation to
   75  submit an application for a Phase II award. If a Phase II award
   76  has already been issued, the end date of the federal award must
   77  be identified and justification must be provided as to how these
   78  additional funds will enhance, not supplant, the existing award.
   79         (d)Use federal, local, and private resources to the
   80  maximum extent possible. Total project funding shall demonstrate
   81  that:
   82         1.Private-sector investments offset the total cost of the
   83  project; and
   84         2.Not more than 25 percent of the project’s total funding
   85  is provided by the state grant.
   86         (e)Conduct the project funded by the matching grant
   87  program in this state.
   88         (4)PROGRAM ADMINISTRATOR.—Subject to appropriations, the
   89  Florida Institute for the Commercialization of Public Research
   90  shall serve as program administrator. The institute may contract
   91  for the performance of a technology review and related functions
   92  with a third party. Not more than 5 percent of a legislative
   93  appropriation may be used for administrative purposes. The
   94  responsibilities of the program administrator include, but are
   95  not limited to:
   96         (a)Coordinating and supporting the grant review, approval,
   97  and contracting activities;
   98         (b)Administering the grant-selection process, including,
   99  but not limited to, issuing open-call requests for grant
  100  applications and receiving, reviewing, and processing grant
  101  applications;
  102         (c)Serving as grant contract manager for recipients of a
  103  matching grant;
  104         (d)Reporting program progress and results; and
  105         (e)Establishing a mechanism by which information regarding
  106  grant projects may be made available to facilitate additional
  107  investment by individual investors, investment for early start
  108  up costs, or venture capital investment.
  109         (5) APPLICATION REVIEW.—An application for a matching grant
  110  award must be reviewed and approved or denied within 45 days
  111  after receipt.
  112         (6)FIDUCIARY.—The institute shall award a grant to a
  113  qualified applicant if:
  114         (a)The qualified applicant demonstrates that it has
  115  obtained a Phase II award under the federal Small Business
  116  Innovation Research Program or Small Business Technology
  117  Transfer Program; and
  118         (b)The qualified applicant executes a performance contract
  119  with the institute.
  121  The institute shall release the grant to a qualified applicant
  122  upon completion of all contract requirements.
  123         (7)AWARDS.—The matching grant program may make a one-time
  124  award of up to $250,000 per project to a qualified applicant.
  125         (8) REPORTING.—Beginning December 1, 2011, and annually
  126  thereafter, the institute shall transmit a report relating to
  127  the grants awarded under the program to the Governor, the
  128  President of the Senate, and the Speaker of the House of
  129  Representatives for the previous fiscal year.
  130         (9)EXPIRATION.—This section expires July 1, 2013, unless
  131  reviewed and reenacted by the Legislature prior to that date.
  132         Section 2. This act shall take effect July 1, 2010.

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