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Keystone innovation grants - 12 Pa. Cons. Stat. § 3705

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     § 3705.  Keystone innovation grants.
        (a)  Grants.--The department may provide keystone innovation
     grants to institutions of higher education to facilitate
     technology transfer, including patent filings, technology
     licensing, intellectual property and royalty agreements and
     other designated resource needs. The application must be on the
     form required by the department and must include or demonstrate
     all of the following:
            (1)  The applicant's name and address.
            (2)  The KIZ partnership of which the applicant is a
        member.
            (3)  A written proposal. The proposal must state all of
        the following:
                (i)  The technology transfer activities to be
            undertaken. The activities may include the addition of
            personnel who are directly related in transferring
            technology to the local businesses.
                (ii)  The quantifiable goals and objectives to be
            achieved.
                (iii)  How the activities, goals and objectives will
            integrate with the strategic plan adopted for the KIZ.
                (iv)  The role of the applicant and other members of
            the KIZ partnership.
            (4)  Identification of a dollar-to-dollar match, which
        may be in kind if the department determines that the proposed
        match can be readily identified and tracked and which is
        directly related to the stated goals and objectives.
            (5)  Any other information required by the department.
        (b)  Approval.--The department shall review the application
     and, upon being satisfied that all requirements have been met,
     the department may approve the application. Prior to releasing
     grant funds, the department shall enter into a contract with the
     applicant that contains all of the following:
            (1)  The grant may not exceed $250,000 per year.
            (2)  Grants under this program shall not exceed $750,000
        in the aggregate per applicant under this program.
            (3)  The aggregate amount of grants awarded to all
        applicants under this subsection shall not exceed $10,000,000
        under this program.
        (c)  Penalty.--
            (1)  Except as provided in paragraph (2), the department
        shall impose a penalty upon a recipient of a grant for any of
        the following:
                (i)  If the recipient fails to use the grant for the
            technology transfer activities specified in the
            application.
                (ii)  If the recipient's membership in the KIZ
            partnership is terminated voluntarily or involuntarily.
            (2)  The department may waive the penalty required by
        paragraph (1) if the department determines that the failure
        was due to circumstances outside the control of the grant
        recipient.
            (3)  A penalty imposed under paragraph (1) shall be equal
        to the full amount of the grant received plus an additional
        amount of up to 10% of the amount of the grant received. The
        penalty shall be payable in one lump sum or in installments,
        with or without interest, as the department deems
        appropriate.

        Effective Date.  Section 6(2) of Act 12 of 2004 provided that
     section 3705 shall take effect July 1, 2004.

Last modified: November 27, 2007