Section 540.30  Program Responsibilities

a)         Responsibilities of the Department of Commerce and Community Affairs - The Department is to establish a program of grants to universities, community colleges, research institutions, research consortia, other not-for-profit entities, and Illinois Business for the purpose of fostering research and development in High Technology and the service sector leading to the development of new products and services that can be marketed by Illinois Businesses (Ill. Rev. Stat. 1984 Supp., ch. 127, par. 46.19a(2)).

b)         Responsibilities of the Technology Commercialization Grants-In-Aid Council - 

1)         There is created an advisory council responsible for:

A)        Reviewing and evaluating all applications received by the Department; and

B)        Assisting in monitoring the projects and in evaluating the impact of the program on technological innovation and Business Development within the State (Ill. Rev. Stat. 1984, Supp., ch. 127, par. 46.19a(3)).

2)         Members of the Council and the Chair of the Council shall be selected in accordance with the Act.

(Source:  Amended at 9 Ill. Reg. 15829, effective October 9, 1985)