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| 1 | AN ACT concerning State government.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Department of Commerce and Economic | ||||||
| 5 | Opportunity Law of the
Civil Administrative Code of Illinois is | ||||||
| 6 | amended by adding Section 605-1025 as follows: | ||||||
| 7 | (20 ILCS 605/605-1025 new) | ||||||
| 8 | Sec. 605-1025. Illinois SBIR/STTR Matching Funds Program. | ||||||
| 9 | (a) There is established the Illinois Small Business | ||||||
| 10 | Innovation Research (SBIR) and Small Business Technology | ||||||
| 11 | Transfer (STTR) Matching Funds Program to be administered by | ||||||
| 12 | the Department. In order to foster job creation and economic | ||||||
| 13 | development in the State, the Department may make grants to | ||||||
| 14 | eligible businesses to match funds received by the business as | ||||||
| 15 | an SBIR or STTR Phase I award and to encourage businesses to | ||||||
| 16 | apply for Phase II awards. | ||||||
| 17 | (b) In order to be eligible for a grant under this Section, | ||||||
| 18 | a business must satisfy all of the following conditions: | ||||||
| 19 | (1) The business must be a for-profit, Illinois-based | ||||||
| 20 | business. For the purposes of this Section, an | ||||||
| 21 | Illinois-based business is one that has its principal place | ||||||
| 22 | of business in this State; | ||||||
| 23 | (2) The business must have received an SBIR/STTR Phase | ||||||
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| 1 | I award from a participating federal agency in response to | ||||||
| 2 | a specific federal solicitation. To receive the full match, | ||||||
| 3 | the business must also have submitted a final Phase I | ||||||
| 4 | report, demonstrated that the sponsoring agency has | ||||||
| 5 | interest in the Phase II proposal, and submitted a Phase II | ||||||
| 6 | proposal to the agency. | ||||||
| 7 | (3) The business must satisfy all federal SBIR/STTR | ||||||
| 8 | requirements. | ||||||
| 9 | (4) The business shall not receive concurrent funding | ||||||
| 10 | support from other sources that duplicates the purpose of | ||||||
| 11 | this Section. | ||||||
| 12 | (5) The business must certify that at least 51% of the | ||||||
| 13 | research described in the federal SBIR/STTR Phase II | ||||||
| 14 | proposal will be conducted in this State and that the | ||||||
| 15 | business will remain an Illinois-based business for the | ||||||
| 16 | duration of the SBIR/STTR Phase II project. | ||||||
| 17 | (6) The business must demonstrate its ability to | ||||||
| 18 | conduct research in its SBIR/STTR Phase II proposal. | ||||||
| 19 | (c) The Department may award grants to match the funds | ||||||
| 20 | received by a business through an SBIR/STTR Phase I proposal up | ||||||
| 21 | to a maximum of $50,000. Seventy-five percent of the total | ||||||
| 22 | grant shall be remitted to the business upon receipt of the | ||||||
| 23 | SBIR/STTR Phase I award and application for funds under this | ||||||
| 24 | Section. Twenty-five percent of the total grant shall be | ||||||
| 25 | remitted to the business upon submission by the business of the | ||||||
| 26 | Phase II application to the funding agency and acceptance of | ||||||
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| 1 | the Phase I report by the funding agency. A business may | ||||||
| 2 | receive only one grant under this Section per year. A business | ||||||
| 3 | may receive only one grant under this Section with respect to | ||||||
| 4 | each federal proposal submission. Over its lifetime, a business | ||||||
| 5 | may receive a maximum of 5 awards under this Section. | ||||||
| 6 | (d) A business shall apply, under oath, to the Department | ||||||
| 7 | for a grant under this Section on a form prescribed by the | ||||||
| 8 | Department that includes at least all of the following: | ||||||
| 9 | (1) the name of the business, the form of business | ||||||
| 10 | organization under which it is operated, and the names and | ||||||
| 11 | addresses of the principals or management of the business; | ||||||
| 12 | (2) an acknowledgment of receipt of the Phase I report | ||||||
| 13 | and Phase II proposal by the relevant federal agency; and | ||||||
| 14 | (3) any other information necessary for the Department | ||||||
| 15 | to evaluate the application.
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