Utah Administrative Code
Topic - Governor
Title R357 - Economic Opportunity
Rule R357-11 - Technology Commercialization and Innovation Program (TCIP)
Section R357-11-8 - Requirements for Grant Recipients
Universal Citation: UT Admin Code R 357-11-8
Current through Bulletin 2024-06, March 15, 2024
(1) Contract
(a) An applicant who is awarded a
TCIP grant must sign a contract with the State of Utah prior to receiving any
funds
(2) Subcontinent
(a) Grant Recipients are prohibited from
subcontracting with another entity to administer the new technology funded by
the Grant.
(3) Time in State
(a) Grant recipients will be expected
to retain their company, and supported technology, and exploit the technology
in the State of Utah for a minimum period of five years from the date of their
agreement with the State.
(b) Any
applicant who fails to maintain a manufacturing or service location in the
state or who fails to exploit the new technology from a location in the state
will be subject to recapture of the grant funding, subject to the provisions of
Utah Code Section
63N-3-204(2)(d)
and R357-11-8.
(4) Authorization to disclose tax information
(a)
Licensee grant recipients will be required to sign an authorization to disclose
tax records for up to five years from the date of their agreement with the
State.
(5) Mentoring Program
(a) Grant awardees may be required to
participate in the TCIP Mentoring Program in order to secure funding.
(b) If a grant award is contingent on
participation in the TCIP Mentoring Program, an awardee will be required to
show active participation in the program prior to receiving any or part of the
grant funding as outlined in recipient's contract.
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