Illinois Administrative Code
Title 14 - COMMERCE
Part 540 - TECHNOLOGY COMMERCIALIZATION GRANT-IN-AID PROGRAMS
Subpart A - TECHNOLOGY CENTER PROGRAM
Section 540.50 - Review of Applications
Current through Register Vol. 47, No. 38, September 22, 2023
a) The Department staff shall screen all proposals to determine that all minimum requirements to the application package have been addressed. All applications will then be grouped by eligible grant categories and reviewed by Department staff and by members of the Council. In addition, outside consultants selected by the individual applicants from Technology Commercialization Centers will review the technical components of applications under the Business Innovation Research category. This review process will begin after the application due date and take no more than 30 days, with grant awards being announced at the end of that period.
b) The following review criteria will be used in reviewing and selecting applications for funding according to the weights specified. Applications for a particular eligible grant category will be comparatively reviewed with all applications for that category and are ranked from highest to lowest based on total points awarded to each proposal.
c) The Technology Commercialization Grants-In-Aid Council will recommend projects for funding from the highest ranking proposals as determined according to the review process of Section 540.50(b) until all available funds are expended.
d) The Department will select projects for funding from among those recommended by the Technology Commercialization Grants-In-Aid Council. Projects will be selected for funding based on the following criteria:
e) At least fifty percent of the funds available will be reserved to fund projects under the Business Innovation Research category.
Amended at 9 Ill. Reg. 15829, effective October 9, 1985