During the 2007 Legislation session, the Legislature passed, and Governor Huntsman subsequently signed, House Bill 125, Centers of Excellence Amendments.
In this bill, the Legislature authorized the Governor’s Office of Economic Development Centers of Excellence program to provide direct grants to licensees and sub-licensees of technologies developed in Utah’s colleges and universities in order to facilitate the transition of these technologies into industry for the purpose of economic development. For the Centers of Excellence program, this is primarily measured in the creation of great jobs for Utah citizens.
COE Licensee Grant Proposal Form and Instructions- Deadline on or before 8 AM on MONDAY March 26, 2007 (please note the 8am MORNING deadline!)
COE Licensee Grant Policies and Guidelines 2007-08 - This document describes the various policies and guidelines of the Licensee Grant program, including details about eligibility, matching fund requirements etc. Compliance with these guidelines is required to be eligible to be considered for a grant under this program.
Review Process: If a Proposing Company is licensing from a CURRENT Center of Excellence which is ALSO applying for funding, the Proposing Company and the Center will be reviewed AT THE SAME TIME and will split the time of the meeting. This ensures the same reviewers for both the Center and Company proposal and allows them to see clearly how the Center and the Company will work together.
If a Proposing Company is licensing from a PAST Center that is NOT being reviewed this year, a separate review will be scheduled for the Company.
IMPORTANT DATES:
| March 28, 2007 | 8:00am | Licensee Grant proposal deadline (Proposal body 20 pages or less)* |
| March 15 - April 30, 2007 | On-site review meetings | |
| May 7-18, 2007 | COE Review Committee selection process meetings | |
| May, 2007 (last week) | Notify PI's and Proposing Companies of COE Review Committee recommendations for award | |
| June 2007 (2nd week) | Present recommendations to GOED Board | |
| July 1, 2007 | 2007 funding begins |