Oklahoma Administrative Code
Title 650 - Oklahoma Center for the Advancement of Science and Technology
Chapter 35 - SBIR Matching Funds Program
Section 650:35-1-1 - Purpose
Current through Vol. 41, No. 13, March 15, 2024
(a) The rules of this Chapter have been adopted for the purpose of complying with the provisions of the Administrative Procedures Act, 75 O.S., Sections 250 et seq. The OCAST SBIR Matching Funds Program has been created as a matching support program which meets the highest current standards for state matching support to federal SBIR program grants, 74 O.S., Section 5060.19(D). The primary goal of the program is to increase the potential for bringing more federal dollars into Oklahoma to fund private-sector research through increased submission of SBIR Phase II proposals. The providing of matching funds from the State will:
(b) The three-phased federal SBIR program was initiated in the Small Business Innovation Development Act of 1982, PL 97-219 and PL 99-443, to stimulate technological innovation; to require certain federal agencies to contract with small firms for a portion of their external research requirements; to encourage small, innovative firms to participate in government research; and to facilitate commercialization of research results.