Utah Admin. Code R856-1-3 - Definitions
(1) "Applicant" means a company applying for
a USTAR TAP Grant.
(2) "Awardee"
means a company that has been awarded a TAP Grant.
(3) "Governing authority" means the Utah
Science, Technology, and Research Governing Authority.
(4) "Company" means a privately owned
corporation, limited liability company, partnership, or other business entity
or association and:
(a) does not include an
individual, sole proprietorship, or higher-education institution;
and,
(b) is represented by persons
at least 18 years old.
(5) "TAP" means the USTAR Technology
Acceleration Program, its activities and services.
(6) "TAP grant" means the competitive grant
funding awarded and administered by USTAR under TAP.
(7) "Technology" includes applications of
scientific research such as inventions, methods, processes, or other material,
virtual, or intellectual property.
(8) "Technology Gap" means the disparity
between a company's existing technology or technological capacity and what is
needed to develop a commercial application for a product.
(9) "Technology Readiness Level" or "TRL"
level means the method of estimating technology maturity used by the Federal
Government and is available on the USTAR website.
(10) "Targeted Industry Sector" means the
Utah industry or industries designated as such by USTAR for purposes of
eligibility for TAP grants using the selection criteria described in these
rules.
(11) "USTAR" means the Utah
Science, Technology, and Research Initiative.
Notes
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