Utah Admin. Code R357-11-7 - Review of Applications and Awards
(1) Applicants who successfully meet the
eligibility requirements set forth in
R357-11-4 and
R357-11-5 and
R357-11-6 may submit their
application for the TCIP grant through the online registration
portal.
(2) The Executive Director
of GOED or the director's designee will evaluate the applications received in
each solicitation cycle. The Executive Director or the designee may use the
following criteria, as defined by the Executive Director or the designee, to
evaluate applications for TCIP grants:
(a)
Quality, diversity, and number of jobs created in Utah,
(b) Quality of Management and Leadership,
including experience with commercialization of new technologies as demonstrated
by grant applicant's application and proposal;
(c) Strength of the new technology and
potential for commercialization;
(d) Size and Growth of the market of the
proposed technology
(e) Applicant's
ability to market the technology and the credibility of their "go-to-market"
strategy.
(f) Availability of
matching funds and the source and relevance of those funds as set forth in
R357-11-5
(g) Whether the project combines or
coordinates related research at two or more institutions of higher
education;
(h) Any other criteria
deemed necessary or valuable to the selection process.
(3) Additionally, each applicant's
application will be compared against and with the strength of all other
applicants' applications and proposals within the same solicitation
cycle.
(4) The Executive Director
may assemble an outside review team to review the criteria set forth above and
to make recommendations regarding the application.
(5) The Executive Director or his designee
shall propose funding allocations to the Board.
(6) After the Board provides its advice, the
Executive Director or the designee shall determine which applications should be
prioritized for funding.
(7)
Applications will be prioritized and funded based on the criteria set forth in
(1)-(3). Award letters will be provided setting forth the terms of the grant
offer.
Notes
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