Section 3150. Definitions  


Latest version.
  • As used in this section:
        1.  "Foundation" shall mean the New York state foundation for science,
      technology and innovation created by this title;
        2. "Executive director" shall  mean  the  executive  director  of  the
      foundation;
        3.  "Board"  shall  mean  the  New  York state foundation for science,
      technology and innovation board;
        4. "Regional partnerships" shall mean any association or  group  which
      is:    (a)  comprised  of local economic development organizations and a
      center of excellence as defined by section three of part  T  of  chapter
      eighty-four  of  the laws of two thousand two, or in the absence of such
      center in the region, at  least  one  institution  of  higher  education
      involved  in  commercialization  efforts  similar  to  such  centers  of
      excellence and may include a combination of private businesses, business
      support organizations, commercial lending institutions, venture  capital
      companies,  angel  investor  networks or foundations; (b) formed for the
      creation and administration of regional partnership  programs;  and  (c)
      certified by the foundation as the regional partnership;
        5.   "Regional   partnership   coordinator"  shall  mean  a  nonprofit
      organization chosen by a  regional  partnership  and  certified  by  the
      foundation to administer the regional partnership programs;
        6. "Partnership" shall mean regional partnerships; and
        7. "Coordinator" shall mean regional partnership coordinator.