Connecticut § 32-40b State funding for advanced technology centers; considerations in approval process by Connecticut Innovations, Incorporated.

Connecticut Statutes

§ 32-40b — State funding for advanced technology centers; considerations in approval process by Connecticut Innovations, Incorporated.

Connecticut § 32-40b

Title 32Commerce and Economic and Community Development

Ch. 581Innovation Capital Act of 1989. Connecticut Innovations, Incorporated

This text of Connecticut § 32-40b (State funding for advanced technology centers; considerations in approval process by Connecticut Innovations, Incorporated.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 32-40b (2026).

Text

In approving the application of an advanced technology center, as defined in section 32-34, for state funding, Connecticut Innovations, Incorporated, shall assess scientific, economic, management and financial factors, including, but not limited to the following:

(1)The likelihood that the research proposal will result in fundamental technological advances transferable to commercial application and the means that the center proposes to make these transfers;

(2)The potential of the research proposal to stimulate technological advances in existing businesses, new business creation and long-term job growth in Connecticut;

(3)Evidence of significant financial commitment by academic and industrial participants and the likelihood that the center will become self-sufficient by the end of the s

Free access — add to your briefcase to read the full text and ask questions with AI

In approving the application of an advanced technology center, as defined in section 32-34, for state funding, Connecticut Innovations, Incorporated, shall assess scientific, economic, management and financial factors, including, but not limited to the following: (1) The likelihood that the research proposal will result in fundamental technological advances transferable to commercial application and the means that the center proposes to make these transfers; (2) The potential of the research proposal to stimulate technological advances in existing businesses, new business creation and long-term job growth in Connecticut; (3) Evidence of significant financial commitment by academic and industrial participants and the likelihood that the center will become self-sufficient by the end of the state's financial commitment period; (4) Evidence that the state will receive a financial return commensurate with its investment in the center; (5) The level of representation by all financial participants in the center's proposed management structure; (6) The planned involvement of small businesses and academic institutions in the center's activities; (7) The center's plan to involve minority students and minority-owned businesses in its activities; and (8) The adequacy of the center's proposed mechanisms for evaluating its progress.