Utah Admin. Code R856-5-7 - Application Evaluation Criteria
(1) Letter of
Intent
(a) The Administrative criteria to
review of letters of intent will be published in advance.
(2) The review panel will use a scoring
system to evaluate and rank grant applications and recommend grant amounts.
(a) The scoring criteria will be made
available during the application period;
(b) The scoring system will be designed to
assess and compare each applicant across several categories, which may include:
(i) Technical merit of proposal;
(ii) Strength and maturity of research and
management team, as applicable;
(iii) Appropriate technology readiness level
(TRL 2-5);
(iv) Potential economic
impact, as measured by:
(A) Job
creation;
(B) Product
sales;
(C) Potential revenue due to
expansion of current business or development of a new business;
and/or,
(D) Projected time to
revenue or job creation;
(E) Other
measures of economic impact such as natural resource impacts.
(v) Market need, technical and
management experience and qualifications;
(vi) Reasonableness of cost proposal (i.e.
size and allocation of budget is appropriate for the work proposed);
(vii) Reasonableness of proposed milestones
and timelines; and,
(ix) Any other
factor indicative of applicant's ability to produce measurable and timely
impacts on the state in areas related to the economic development performance
metrics used to evaluate USTAR's activities.
(3) ERT-P Grants must be used to accelerate
the development and commercialization of a technology and project proposals
must identify specific technical milestones leading to the proposed
outcome.
(4) Examples of acceptable
milestones must be specific to the project may include:
(a) research and development
activities;
(b) proof of
concept;
(c) product validation;
and,
(d) product
development.
Notes
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