N.Y. Comp. Codes R. & Regs. tit. 21 § 4254.4
In evaluating potential fund investments, the corporation may consider, among other items and without order of priority: promotion of job development; leveraging and advancing the State's industrial and technical strengths, including, but not limited to, advances in manufacturing, materials, life science, medical devices and emerging technologies; commercialization of technology, products, and services; development of the State's entrepreneurial ecosystem; coordination with other State innovation programs, including, but not limited to, the New York State Business Incubators and Innovation Hot Spot Program, academic tech transfer offices, the Centers for Advanced Technology and the Centers of Excellence; the potential for a positive return on the investment; the quality of the management team, business plan, financial history, financial projections; a beneficiary company's technology, products, and services and the company's prior and potential performance as a technology innovator and as a business; and an investment entity's prior performance, expertise, area of investment, and similar information.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 4254.4