(a) In reviewing any application for planning and program development grant awards, the board shall consider whether the applicant has satisfactorily demonstrated that, after completion of the planning and program development proposal submitted in its application, it reasonably may be expected to be designated as a Center for Advanced Technology pursuant to the provisions of this Part. In making its determination, the board shall consider, among other things, whether the applicant has satisfactorily demonstrated:

1. (1) an established record of research, development and instruction in the area or areas of technology involved in its application;
2. (2) its capacity to conduct research and development activities in collaboration with business and industry;
3. (3) its capacity to secure substantial private and other governmental funding that would be necessary for the creation and operation of a Center for Advanced Technology;
4. (4) its ability and willingness to cooperate with other institutions in New York State in conducting research and development activities and in disseminating research results, and to work with technical and community colleges in the State to enhance the quality of technical education in the area or areas of technology involved;
5. (5) its ability and willingness to cooperate with the foundation and other economic development agencies in promoting the growth and development in New York State of industries based upon or benefiting from the area or areas of technology involved;
6. (6) its capacity or potential capacity to implement an approved plan and program for the establishment and operation of a Center for Advanced Technology; and
7. (7) such other matters as the foundation may require.