N.J. Admin. Code § 12:23-14.5

Current through Register Vol. 56, No. 12, June 17, 2024

Section 12:23-14.5 - Review and evaluation of IRFP grant applications

(a) The following factors will be among those considered in the review and evaluation of applications for an IRFP grant:

1. Quality of mentorship/supervision based on the degree of planning for the applicant fellow to work with and be mentored by a leading scientist in his or her field of expertise;

2. Quality and relevance of proposed project to company goals;

3. Degree to which use of applicant fellow in proposed project establishes relationship between company and applicant fellow's degree granting university;

4. Degree to which combined applicant fellow and applicant employer program affects transfer of technology and technical expertise from university to company;

5. Commitment of applicant fellow to career in industry;

6. Personnel expertise and experience;

7. Physical resources available;

8. Soundness of business and commercialization plan; and

9. Scientific and technological viability of the applicant employer's business product(s), service(s), and/or process(es) and the company's technical ability to implement it.

(b) All applications will be reviewed and evaluated, with notice of approval or disapproval issued by the Department.

(c) No application will be funded, unless approved by the Commissioner.

(d) The Commissioner retains the authority to modify application review factors based on the changing needs of the New Jersey economy and to establish appropriate application review and approval methods consistent with those conditions.

(e) Upon approval of the application, an IRFP grant contract containing the terms and conditions of the grant will be executed between the applicant employer and the Department.

N.J. Admin. Code § 12:23-14.5

Adopted by 50 N.J.R. 200(a), effective 1/2/2018