Okla. Stat. tit. 74, § 74-5060.19

contract - Applied research proposals - Small business innovation

research - Commercialized research.

A. The Center may use monies from the Research Support

Revolving Fund to carry out the purposes of this act by awarding

Oklahoma Statutes - Title 74. State Government Page 1085

competitive applied research funds, through professional service

contracts or otherwise, to institutions of higher education,

nonprofit research foundations and private enterprises of special

importance to the Oklahoma economy. The Center may use the fund to

provide funding for the programs and purposes specified in

subsection D of this section.

B. The board shall award funding or professional service

contracts only after:

1. Developing, adopting and publishing the criteria it shall

use when evaluating research proposals; and

2. Reviewing applied research proposals which present:

a. documentation, if the proposal is from an institution

of higher education or nonprofit research

institutions, that not less than fifty percent (50%)

of the total direct cost of the proposed project will

be provided by sources other than the Center and other

than state-appropriated money; machinery or equipment

may be considered as part of the matching funds for

the research, but must be accompanied by a statement:

(1) that the institution of higher education or

nonprofit research institution has received the

machinery or equipment and that it is appropriate

and useful to the program under review; and

either

(2) verifying that the equipment or machinery is

donated and has only been used in testing to

ensure quality control, or used by a wholesaler

or retailer for demonstration purposes only and

verifying the fair market value of the machinery

or equipment on the date of the gift; or

(3) detailing the price paid by the institution of

higher education or nonprofit research

institution, with an invoice showing the amount

paid for the machinery or equipment;

b. documentation, if the proposal is from a private

enterprise, that not less than fifty percent (50%) of

the total direct cost of the proposed project will be

provided by sources other than the Center and other

than state-appropriated money. No portion of the

fifty percent (50%) may be provided by in-kind

services performed by the enterprise;

c. a description of the potential commercial application

of and the industrial sectors that will likely benefit

from the applied research project and the potential to

enhance employment opportunities in Oklahoma;

d. an itemized research budget, time line and research

methodology;

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e. a recommendation from the sponsoring institution of

higher education, nonprofit research institution or

business enterprise; and

f. other information that may be required by the board.

C. The board may approve such applied research proposals after

the board finds, based upon the proposal submitted, external peer

review and such additional investigation as the staff of the Center

shall make and incorporate in its minutes, that:

1. The proposed project is research that leads to innovation,

new knowledge or technology and is not training or technical

assistance for business firms;

2. The project has a reasonable probability to enhance

employment opportunities within Oklahoma; and

3. The project is technically sound and will produce a

measurable result.

D. The Center is directed to develop a small business

innovation research (SBIR) matching support program which meets the

highest current standards for state matching support to federal SBIR

program grants. The Center shall also develop and implement a

program to financially support the preparation of SBIR grant

proposals by Oklahoma entities. The Center may also develop and

implement programs to encourage Oklahoma firms to participate in

other federal research and development programs including, but not
ts the

highest current standards for state matching support to federal SBIR

program grants. The Center shall also develop and implement a

program to financially support the preparation of SBIR grant

proposals by Oklahoma entities. The Center may also develop and

implement programs to encourage Oklahoma firms to participate in

other federal research and development programs including, but not

limited to, the Small Business Technology Transfer (SBTT) program.

E. Any commercialized research that results from Center funding

of applied research shall be subject to negotiations and policies

pursuant to the provisions of this act.