COBI 2015 - Technology Outreach

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

The Technology Outreach and Innovation Program (TOIP) line item represents USTAR's State wide offices that provide services to entrepreneurs and connect research inventions and technologies from the research universities to entrepreneurs, regional colleges, universities, businesses and industry to support the technology ecosystem in the State and accelerate development of technology related jobs and companies.

The Technology Outreach and Innovation line item includes seven programs:

TOIP South (partners with Southern Utah University and Dixie State University);

TOIP Central (partners with Utah Valley University);

TOIP Northern (partners with Weber State University);

TOIP East (partners with Utah State University - Uintah Basin);

TOIP Salt Lake - Small Business Innovation Research (SBIR) and Science Technology Transfer and Research (SBIR-STTR Resource Center);

TOIP Salt Lake - BioInnovations Gateway (BiG); and

Projects

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $0 from all sources for Technology Outreach. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

Statute

The scope of the USTAR Technology Outreach Program is outlined in UCA 63M-2-202. The program:

Brokers ideas, new technologies, and services to entrepreneurs and businesses throughout a defined service area;
Engages local entrepreneurs and professors at applied technology centers, colleges, and universities by connecting them to Utah's research universities;
Screens business ideas and new technologies to ensure that the ones with the highest growth potential receive the most targeted services and attention;
Connects market ideas and technologies in new or existing businesses or industries or in regional colleges and universities with the expertise of Utah's research universities;
Assists businesses, applied technology centers, colleges, and universities in developing commercial applications for their research; and
Disseminates discoveries and technologies originating at Utah's research universities to local entrepreneurs, businesses, applied technology centers, colleges, and universities.

TOIP directors, associate directors, and interns to work with local companies, entrepreneurs, the universities, and regional stakeholders. These individuals collaborate with the research universities to commercialize innovations, assist industry, connect investors to promising opportunities, and maximize economic impact of new technologies created in Utah. The TOIP offices achieve this goal through the following programs and initiatives.

Business Accelerators: Emphasize rapid-growth and assist entrepreneurs in accelerating the development of start-up companies; business accelerators provide resources and services to support start-up companies through any obstacles they may encounter.

Business Incubator Programs:Provide mentorship and support during the time it takes a company to get on its feet. The focus is on speeding up the growth and success of start-up and early state companies. Incubation times vary for each company.

Go-To-Market (G2M) Program:Helps Utah's high potential technology companies perform customer and product validation activity before initiating equity fundraising or sale efforts.

Grant Development Support:Includes information and assistance in preparing and submitting SBIR-STTR applications.

Industry Support:Includes 1) working with established companies and corporations, connecting them with applied research and new innovations 2) connecting start-ups with valuable resources to facilitate collaborative partnerships, and 3) helping to identify gaps in needed areas such as education and workforce development.

Mentoring/Business Services:Provided by USTAR regional offices and a network of experts; offers one-on-one mentoring in setting goals for success while developing business plans and refining strategies.

Prototyping:Services to early stage companies looking to validate their business model. Prototyping support includes 3D printers, engineering assistance, and machine shop time.

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	1,608,700	1,120,000	2,257,100	2,822,800	0	0	0	0	0
General Fund, One-time	0	0	0	1,000	0	0	0	0	0
Federal Funds	1,654,200	0	42,200	0	0	0	0	0	0
Dedicated Credits Revenue	4,800	3,100	91,500	49,200	0	0	0	0	0
Beginning Nonlapsing	831,900	1,329,100	0	0	0	0	0	0	0
Closing Nonlapsing	(1,329,100)	(458,500)	(411,400)	(438,600)	0	0	0	0	0
Total	$2,770,500	$1,993,700	$1,979,400	$2,434,400	$0	$0	$0	$0	$0

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	1,096,400	960,800	645,200	612,800	0	0	0	0	0
In-state Travel	16,000	11,600	9,700	8,800	0	0	0	0	0
Out-of-state Travel	11,000	15,900	11,400	8,200	0	0	0	0	0
Current Expense	512,100	793,400	1,202,300	1,753,700	0	0	0	0	0
DP Current Expense	21,900	26,800	11,500	22,700	0	0	0	0	0
Other Charges/Pass Thru	1,113,100	185,200	99,300	28,200	0	0	0	0	0
Total	$2,770,500	$1,993,700	$1,979,400	$2,434,400	$0	$0	$0	$0	$0

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	20	20	16	11.30	0	0	0	0	0
Actual FTE	16.40	11.33	8.10	6.80	0	0	0	0	0

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.