N.Y. Comp. Codes R. & Regs. tit. 9 § 6500.1
The comprehensive Jobs Two Thousand for New York State (J2K) Act recognizes that research performed at institutions of higher education has played a valued role in the welfare and success of New York's economy. The act further recognizes that in order to serve the best interests of higher education institutions and business in New York State, it is important to foster university-industry relationships and remove those barriers that impede or slow the development of these relationships. In order to facilitate university-industry relationships and to advance the State's world-class research institutions, the act established the New York State Office of Science, Technology and Academic Research (NYSTAR), a new State agency within the Executive Department. NYSTAR is charged with encouraging research and economic development involving academic institutions and with the administration of the newly created Research Development Program which includes the Faculty Development Program. The Faculty Development Program assists institutions of higher education in New York State to recruit and retain leading research faculty in the fields of science and technology. The Faculty Development Program is intended to provide interim State assistance to generate a long-term commitment by the academic institution to the funded entrepreneurial research endeavor. State funds will be provided to enhance the research environment of New York academic institutions in order to attract stellar research faculty. Such faculty are intended to:
N.Y. Comp. Codes R. & Regs. Tit. 9 § 6500.1