- (1) As determined by the Department, match funding may be used to support projects proposed under a federal proposal that will support innovation or commercialization of technology at the applicant university that has a direct or potential connection to economic development. The Fund may be accessed to provide matching funds for federal proposals submitted by a qualifying university that have a required or non-required financial match although required match is preferred. If match funding is not required under a federal proposal, applicants requesting Fund monies shall substantiate that the requested funding provides a strategic competitive advantage for the proposal. Applicants will be required to indicate if non-federal cash match or cost-share is required or, if match is not required, how applicant contributions are described in the federal funding opportunity. Exceptions will be made for non-required match proposals, under the guidance of the Review Committee, who will evaluate the timing of the proposal, the potential economic development impact and the remaining balance of the UIRF fund at the time that the proposal is made.
- (2) Requests for match funding are expected to be for no less than $250,000 in UIRF funds with total federal budgets of no less than $2M. When possible, universities are encouraged to pursue collaborative, multi-university proposals will be given a higher priority in the review process.
Statutory/Other Authority
Sec 21, Ch. 643 OL 2019 & HB 2377 (2019)
Statutes/Other Implemented
Sec 21, Ch. 643 OL 2019 & HB 2377 (2019)
History
OBDD 8-2025, amend filed 11/21/2025, effective 11/21/2025
OBDD 17-2019, adopt filed 11/12/2019, effective 11/12/2019