N.Y. Comp. Codes R. & Regs. tit. 21 § 5905.5

Current through Register Vol. 46, No. 53, December 31, 2024

Section 5905.5 - Application requirements

Prior to completing the Federal SBIR Phase I research, a firm may submit to the executive director of the foundation an application for a State research contract, which shall contain the following information:

(a) A copy of the firm's complete Federal SBIR Phase I proposal.

(b) A detailed description of a product based on the Phase I research that addresses a discernable market need and an analysis of the potential to produce, market, and service that product;

(c) Certification by the firm that:

(1) the firm is a corporation, partnership, sole proprietorship or individual, operating a business for profit, with 250 employees or less, including employees employed in any subsidiary or affiliated corporation, which otherwise meets the requirements of the Act;

(2) all research to be conducted and supported by the State research contract award shall be performed solely in New York State;

(3) no State research contract award shall be expended for travel, equipment, or facilities;

(4) not more than one-third of State research contract award shall be used to contract for research and other related purposes;

(5) the firm's principal place of business is and will remain in New York State during the conduct of Federal SBIR Phase II research.

(d) A copy of the firm's most recent annual financial statement.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 5905.5