Okla. Admin. Code § 650:13-1-6

Current through Vol. 42, No. 8, January 2, 2025

Section 650:13-1-6 - Eligibility

(a)Applicants.

(1) Eligible applicants for funding under the Program shall be Oklahoma-based small businesses; A operating in one of the state's three strategic industry clusters, including aerospace and autonomous systems, life sciences, and energy.

(2) Eligible applicants If applying to receive matching funds under the Program, an that files an application with OCAST attesting to the total cost of the project and demonstrating available and unrestricted private capital to meet at least fifty percent (50%) of the total project cost. Matching funds may be used only to purchase research services, as defined in this section, from an Oklahoma-based research entity.

(b)Research and Development Partner. A research and development service provider which partners with the business must be an Oklahoma-based research entity.

(c)Research and Development Project. The research and development project for which matching funds are provided must be conducted physically within the State of Oklahoma for the duration of the engagement with the Oklahoma-based research entity.

Okla. Admin. Code § 650:13-1-6

Adopted by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 9/11/2023