R357-11-3. Definitions

  (1) This rule adopts the definitions set forth in 63N-3-203.

  (2) "Board" means the Board of Business Development set forth in 63N-1-301.

  (3) "Derivative Technology" means: Incremental advance or new of application of an existing technology.

  (4) "Developmental Research Phase" means: A phase in which the technology is not beyond a basic concept as determined by the office.

  (5) "New technology means" Intellectual property not previously marketed or generated revenue for any entity.

  (6) Qualified Pre-screening entity "means" A University's Technology Transfer Office or the USTAR Technology Outreach Innovation Program. This term only applies to University team applicants.

  (7) "Service location" means a location where a grant recipient is developing and/or commercializing the new technology in a way that provides economic impact to the state; including but not limited to: job creation, new state revenue, and new local revenue.

  (8) Solicitation Cycle Means: A granting cycle from application to grant distribution to be held at least once a year or more depending on availability of funds. All dates for any solicitation may be found on the TCIP website.

  (9) "TCIP" means the Technology Commercialization and Innovation Program as defined in Utah Code Section 63N-3-203(6).