Director of Communications
State budget will create several new programs to support high-tech R&D
The new state budget is expected to create several new research and technology programs.
One budget bill (S.6259-B/A.9761-B) includes provisions that would:
Gen*NY*sis, the Senate Majority's initiative designed to foster collaborative
high-tech research and development in biotechnology among academic,
university, and industry research labs. The program would be administered
by the New York State Office of Science, Technology, and Academic Research
(NYSTAR) and would be subject to annual appropriations by the Legislature.
The bill does not include provisions for "Gen*NY*sis zones," which were part of the original Senate proposal. These zones would have offered biotechnology-oriented employers economic-development benefits similar to those available to all employers in New York's Empire Zones.
College Applied Research and Development (CART), under which NYSTAR
would identify areas in which technology offers significant potential
for economic growth and areas in which technology could enhance the
productivity and stability of New York state businesses.
CART funding could be provided for equipment purchases, faculty support, and graduate fellowships, but not capital construction. Matching support from private sources and other government agencies would be required. Funding proposals would be peer-reviewed.
a Center of Excellence program to foster research and development collaboration
between universities and businesses. The goals would include: developing
and commercializing new products and technologies; promoting critical
private-sector investment in emerging high-tech fields; and creating
and expanding technology-related businesses and employment.
the James Watson Science Investigator Program to recognize and support
scientists who, early in their careers, show potential for leadership
in life sciences and an entrepreneurial bent.
- Creates a new capital program called RESTORE New York. (RESTORE is an acronym for Rebuilding the Empire State Through Opportunities in Regional Economies.) This program would provide financing for a variety of initiatives, including high-tech or biotech projects that meet prescribed criteria. Project financing could not exceed 75 percent of total project cost.