In approving the application of an advanced technology center, as defined in section 32-34 , for state funding, Connecticut Innovations, Incorporated, shall assess scientific, economic, management and financial factors, including, but not limited to the following: (1) The likelihood that the research proposal will result in fundamental technological advances transferable to commercial application and the means that the center proposes to make these transfers; (2) The potential of the research proposal to stimulate technological advances in existing businesses, new business creation and long-term job growth in Connecticut; (3) Evidence of significant financial commitment by academic and industrial participants and the likelihood that the center will become self-sufficient by the end of the state's financial commitment period; (4) Evidence that the state will receive a financial return commensurate with its investment in the center; (5) The level of representation by all financial participants in the center's proposed management structure; (6) The planned involvement of small businesses and academic institutions in the center's activities; (7) The center's plan to involve minority students and minority-owned businesses in its activities; and (8) The adequacy of the center's proposed mechanisms for evaluating its progress.
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