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A03124 Summary:

BILL NO    A03124 


SPONSOR    Sweeney (MS)

COSPNSR    Schimminger, Morelle, Englebright, Colman, Matusow

MLTSPNSR   DelMonte, Eddington

Add S209-r, Exec L

Directs the NYS Office of Science, Technology & Academic Research to establish
a high-technology incubator program for the purpose of providing financial
support for high-technology incubators: defines incubator as a facility
providing low-cost space, technical assistance, and support services (including
but not limited to central services shared by tenants of the facility), to
small, new high-technology businesses; defines high-technology business;
provides that the office shall provide grants for operating assistance for
incubators sponsored by vocational educational institutions, colleges or
universities and other specified entities demonstrating strong public and
private sector support and involvement; specifies sources of funds from which
such grants shall be made; directs the office to establish criteria for
eligibility for funding including certain mandatory criteria; related
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