(a)After receipt of an application under
section 10 of this chapter, and subject to subsection (b), the office may
designate a certified technology park if the office determines that the
application demonstrates a firm commitment from at least one (1)
business engaged in a high technology activity creating a significant
number of jobs and satisfies one (1) or more of the following additional
criteria:
(1)A demonstration of significant support from an institution of
higher education, a private research based institute, or a military
research and development or testing facility on an active United
States government military base or other military installation
located within, or in the vicinity of, the proposed certified
technology park, as evidenced by the following criteria:
Free access — add to your briefcase to read the full text and ask questions with AI
(a) After receipt of an application under
section 10 of this chapter, and subject to subsection (b), the office may
designate a certified technology park if the office determines that the
application demonstrates a firm commitment from at least one (1)
business engaged in a high technology activity creating a significant
number of jobs and satisfies one (1) or more of the following additional
criteria:
(1) A demonstration of significant support from an institution of
higher education, a private research based institute, or a military
research and development or testing facility on an active United
States government military base or other military installation
located within, or in the vicinity of, the proposed certified
technology park, as evidenced by the following criteria:
(A) Grants of preferences for access to and commercialization
of intellectual property.
(B) Access to laboratory and other facilities owned by or under
the control of the postsecondary educational institution or
private research based institute.
(C) Donations of services.
(D) Access to telecommunications facilities and other
infrastructure.
(E) Financial commitments.
(F) Access to faculty, staff, and students.
(G) Opportunities for adjunct faculty and other types of staff
arrangements or affiliations.
(H) Other criteria considered appropriate by the office.
(2) A demonstration of a significant commitment by the
postsecondary educational institution, private research based
institute, or military research and development or testing facility
on an active United States government military base or other
military installation to the commercialization of research
produced at the certified technology park, as evidenced by the
intellectual property and, if applicable, tenure policies that reward
faculty and staff for commercialization and collaboration with
private businesses.
(3) A demonstration that the proposed certified technology park
will be developed to take advantage of the unique characteristics
and specialties offered by the public and private resources
available in the area in which the proposed certified technology
park will be located.
(4) The existence of or proposed development of a business
incubator within the proposed certified technology park that
exhibits the following types of resources and organization:
(A) Significant financial and other types of support from the
public or private resources in the area in which the proposed
certified technology park will be located.
(B) A business plan exhibiting the economic utilization and
availability of resources and a likelihood of successful
development of technologies and research into viable business
enterprises.
(C) A commitment to the employment of a qualified full-time
manager to supervise the development and operation of the
business incubator.
(5) The existence of a business plan for the proposed certified
technology park that identifies its objectives in a clearly focused
and measurable fashion and that addresses the following matters:
(A) A commitment to new business formation.
(B) The clustering of businesses, technology, and research.
(C) The opportunity for and costs of development of properties
under common ownership or control.
(D) The availability of and method proposed for development
of infrastructure and other improvements, including
telecommunications technology, necessary for the development
of the proposed certified technology park.
(E) Assumptions of costs and revenues related to the
development of the proposed certified technology park.
(6) A demonstrable and satisfactory assurance that the proposed
certified technology park can be developed to principally contain
property that is primarily used for, or will be primarily used for,
a high technology activity or a business incubator.
(b) The office may not approve an application that would result in
a substantial reduction or cessation of operations in another location in
Indiana in order to relocate them within the certified technology park.
The office may designate not more than two (2) new certified
technology parks during any state fiscal year. The designation of a new
certified technology park is subject to review and approval under
section 11.5 of this chapter.
(c) A certified technology park designated under this section is
subject to the review of the office and must be recertified:
(1) every four (4) years, for a recertification occurring before
January 1, 2018, or after December 31, 2019; and
(2) every three (3) years, for a recertification occurring after
December 31, 2017, and before January 1, 2020.
(d) The office shall develop procedures and the criteria to be used
in the review required under subsection (c). The procedures and criteria
must include the metrics developed under subsection (h) for measuring
the performance of a certified technology park.
(e) A certified technology park shall furnish to the office the
following information to be used in the course of the review:
(1) Total employment and payroll levels for all businesses
operating within the certified technology park.
(2) The nature and extent of any technology transfer activity
occurring within the certified technology park.
(3) The nature and extent of any nontechnology businesses
operating within the certified technology park.
(4) The use and outcomes of any state money made available to
the certified technology park.
(5) An analysis of the certified technology park's overall
contribution to the technology based economy in Indiana.
(6) The nature and extent of financial support secured by the
certified technology park from outside sources such as
philanthropy, federal government, local government, and other
private or nonprofit sources, and including the nature, type, and
structure of the funding mechanisms to support the development
and growth of the certified technology park.
(7) The nature and extent of incubation services provided to
businesses consistent with incubation industry best practices, and
growth or relocations of those businesses outside the certified
technology park.
(8) The nature and extent of partnerships undertaken between the
certified technology park and local and regional organizations in
pursuit of shared objectives.
(f) A certified technology park must meet or exceed the minimum
threshold requirements developed under subsection (h)(2) before the
certified technology park may be recertified under this section. If a
certified technology park is not recertified, the office shall send a
certified copy of a notice of the determination to the county auditor, the
department of local government finance, and the department of state
revenue.
(g) To the extent allowed under IC 5-14-3, the office shall maintain
the confidentiality of any information that is:
(1) submitted as part of the review process under subsection (c);
and
(2) marked as confidential;
by the certified technology park.
(h) The office, in conjunction with the office of management and
budget, shall develop metrics for measuring the performance of a
certified technology park during the review period for recertification
under subsection (c). The office shall consult with local units of
government in developing the metrics under this subsection. The
metrics shall include at least the following elements:
(1) Specific criteria to be used to analyze and evaluate each
category of information furnished to the office under subsection
(e)(1) through (e)(8).
(2) Minimum threshold requirements for the performance of a
certified technology park regarding each category of information
furnished to the office under subsection (e)(1) through (e)(8)
based on the criteria for the analysis and evaluation of the
information under subdivision (1).
(i) The office shall adopt the metrics developed under subsection (h)
as part of the criteria to be used in the office's review under subsection
(c).