560.276 Technology transfer grant and loan program. - Wisconsin Statutes

560.276

560.276 Technology transfer grant and loan program.

560.276(1)

(1) Definitions. In this section:

560.276(1)(a)

(a) "Business" has the meaning given in s. 560.60 (2).

560.276(1)(b)

(b) "Research institution" means any of the following if located in this state:

560.276(1)(b)1.

1. An accredited college or university.

560.276(1)(b)2.

2. An accredited school of medicine, dentistry, veterinary medicine, medicine and public health, public health, or health professionals.

560.276(1)(b)3.

3. An accredited center for health sciences.

560.276(1)(b)4.

4. A hospital in which research is conducted. In this subdivision, "hospital" has the meaning given in s. 50.33 (2).

560.276(2)

(2) Grants and loans. From the appropriations under s. 20.143 (1) (c), (fi), (ie), (ig), (io), and (kj), the department may award a grant or loan to a research institution to provide money for research and development activities related to the creation or retention of jobs by a business, or to improving the competitive position of a business by improving the innovativeness of the business. The department may award a grant or loan under this section if the research institution applies for a grant or loan on a form prepared by the department and all of the following are satisfied:

560.276(2)(a)

(a) The department determines that the research and development activities are likely to result in an economic benefit to one or more specific businesses.

560.276(2)(b)

(b) The department determines that the research and development activities will be conducted substantially in this state.

560.276(2)(c)

(c) The department considers the availability of matching funds from the research institution, the business, and other sources.

560.276(2)(d)

(d) The department enters into a written agreement with the research institution that specifies the conditions for use of the grant or loan proceeds, including reporting and auditing requirements.

560.276(3)

(3) Limits. No grant or loan awarded to a research institution under this section may exceed $100,000.

560.276 - ANNOT.

History: 2009 a. 265.