R856-1-5. Application Form and Submission Guidelines

  (1) For each new round of grants, USTAR will provide a program announcement and make applications and instructions available on USTAR's website and in paper form upon request.

  (2) The instructions will include the following:

  (a) A general procedure for submitting an application;

  (b) Requirements for a letter of intent;

  (c) Instructions for application content which includes:

  (i) description of the company's technology;

  (ii) commercialization plan;

  (iii) description of technical milestones and qualifications of team to meet milestones;

  (iv) potential market;

  (v) potential economic impact on Utah economy; and,

  (vi) timeline for completion.

  (d) Instructions for the required budget outline, including:

  (i) total project cost;

  (ii) a description of funds already secured for activities related to this project;

  (iii) an itemized budget detailing planned use of grant funds; and,

  (iv) breakdown of costs to complete each milestone.

  (e) Description of the application evaluation process and scoring system.

  (f) Instructions for reporting project results and completing annual follow-up surveys.

  (3) Completed applications must be received on or before the specified deadline in the application instructions.

  (4) All complete applications will be reviewed and awardees selected via the criteria and method outlined in Sections R856-1-6 and R856-1-7 herein.