Utah Administrative Code
Topic - Governor
Title R357 - Economic Opportunity
Rule R357-11 - Technology Commercialization and Innovation Program (TCIP)
Section R357-11-9 - Funding
Universal Citation: UT Admin Code R 357-11-9
Current through Bulletin 2024-06, March 15, 2024
(1) TCIP funding is for developing existing research to the point of commercialization, bridging the "funding gap" between research dollars and manufacturing dollars.
(2) TCIP funding may be used to:
(a) Purchase equipment;
(b) Purchase supplies;
(c) Fund graduate/undergraduate students for
time directly applicable to center commercialization activities related to the
new technology;
(d) Fund faculty
salaries directly applicable to center commercialization and related to the new
technology;
(e) Fund technology
transfer activities (trade shows, brochures, etc.);
(f) Fund market analysis;
(g) Pay for consulting fees directly
applicable to center commercialization;
(h) Pay for business manager or marketing
manager salaries directly applicable to center commercialization activities;
or
(i) Other purposes approved by
GOED in writing.
(3) Carryover Funds
(a) The budget described in
the contract is designated for the particular fiscal year and is an integral
part of the contract. Upon the expiration of the contract, residual funds under
the contract can only be accessed by amending the contract as described
above.
(4) Invoicing Requirement
(a) To receive funds from the
program, an invoice should be submitted by the awardee upon completion of the
milestones or the mentor program with verification from the TCIP
manager.
(b) Every invoice must
include:
(i) Contract Number;
(ii) Name of entity and Principal
Investigator.;
(iii) Billing
Period; and
(iv) Current and
Cumulative Amounts.
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