New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4254 - NEW YORK STATE INNOVATION VENTURE CAPITAL FUND
Section 4254.4 - Evaluation of Potential Investments

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4254.4
Current through Register Vol. 45, No. 52, December 27, 2023

In evaluating potential fund investments, the corporation may consider, among other items and without order of priority: promotion of job development; leveraging and advancing the State's industrial and technical strengths, including, but not limited to, advances in manufacturing, materials, life science, medical devices and emerging technologies; commercialization of technology, products, and services; development of the State's entrepreneurial ecosystem; coordination with other State innovation programs, including, but not limited to, the New York State Business Incubators and Innovation Hot Spot Program, academic tech transfer offices, the Centers for Advanced Technology and the Centers of Excellence; the potential for a positive return on the investment; the quality of the management team, business plan, financial history, financial projections; a beneficiary company's technology, products, and services and the company's prior and potential performance as a technology innovator and as a business; and an investment entity's prior performance, expertise, area of investment, and similar information.

Adopted, New York State Register, Volume XXXVI, Issue 22, effective 6/4/2014

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.