Okla. Admin. Code § 650:13-1-9

Current through Vol. 42, No. 4, November 1, 2024

Section 650:13-1-9 - Review process

(a)Program Administration. When administering the Program under this section, OCAST shall select eligible projects to qualify for matching funds within the Oklahoma Research and Development Attraction Program based on factors including, but not limited to:

(1) The amount of private capital the matching funds will induce to be spent in Oklahoma;

(2) The total market size of the Oklahoma-based small businesses' product or service offering;

(3) Third-party validation of the Oklahoma-based small businesses' intellectual assets, including but not limited to equity raised from venture capital or private equity firms, federal commercialization grants through the Small Business Innovation Research or Small Business Technology Transfer Programs, or competitive federal research awards through National Institutes of Health, National Science Foundation, Department of Defense, Department of Energy, and others;

(4) The projected future job creation impact of the Oklahoma-based small business for the state;

(5) Other economic benefits to the state, including through increased state and local revenues and growth in private investment.

(6) The need of the Oklahoma-based small business to acquire specialized services and resources in Oklahoma;

(7) The alignment of the project within Oklahoma's identified cluster strategies; and

(8) The impact on Oklahoma-based research entities, including through increased revenue, exposure to new technologies, and increased attraction opportunities for students, researchers, and professional staff.

(b)Application review. Applications for funding shall be reviewed by peer reviewers, some of whom may reside outside of the State of Oklahoma.

(c)Evaluation criteria. The reviewers shall evaluate and rank all applications for funding according to criteria specified in the Funding Opportunity Announcement for this program.

Okla. Admin. Code § 650:13-1-9

Adopted by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 9/11/2023