Section R357-11-4 - General Grant Requirements(1) An applicant can only receive a TCIP award totaling an amount defined in policy per new technology. Policy shall be available on the TCIP website.(2) An applicant may not submit more than one application in the same solicitation cycle if the applicant has more than one new technology that meets the eligibility requirement for a TCIP grant. (a) Only one new technology project per applicant will be funded in a solicitation cycle.(3) An applicant that has generated more than $500,000 in revenue from the proposed new or derivative technology is not eligible for a TCIP grant.(4) An applicant that has raised more than $3,000,000 at the time of application in total prior funding, including equity and debt based financing, is not eligible for the TCIP grant.(5) An applicant may apply for a TCIP grant up to three times. If an applicant has not been awarded a grant for that specific technology within three different solicitations, TCIP will reject subsequent applications without review. If an applicant who has previously received TCIP funding within the past three years wishes to apply for additional funding they can, however once that same technology has been reviewed and rejected three times without being funded it may no longer be considered for review. Executive Director of GOED or the director's designee has the right to review and accept or reject a technology that has been submitted over three times to ensure it meets these criteria.Utah Admin. Code R357-11-4
Adopted by Utah State Bulletin Number 2015-8, effective 3/23/2015Amended by Utah State Bulletin Number 2016-19, effective 9/12/2016Amended by Utah State Bulletin Number 2017-20, effective 9/21/2017Amended by Utah State Bulletin Number 2017-21, effective 10/13/2017