(a) There is hereby created the Delaware Technical Innovation Program to be administered by the Division.

(b) For the purpose of this subchapter the following definitions shall apply:

(1), (2) [Repealed.]

(3) “Small business” means a corporation, partnership, limited liability company, statutory or common law business trust, sole proprietorship or individual, operating a business for profit, with 100 employees or fewer, including employees employed in any subsidiary or affiliated corporation or other form of business entity which otherwise meets the requirements of the federal Small Business Innovation Research Program or Small Business Technology Transfer Program.

(4) “Small Business Innovation Research Program” or “SBIR Program” means that program, enacted pursuant to the Small Business Innovation Development Act of 1982 (P.L. 97-219) [15 U.S.C. § 638], which provides funds to small businesses to conduct innovative research having commercial application.

(5) “Small Business Technology Transfer Program” or “STTR Program” means that program, enacted pursuant to the Small Business Technology Transfer Act of 1992, P.L. 102-564 (15 U.S.C. § 638), which provides funds to small businesses to conduct jointly with nonprofit research institutions, cooperative research and development having commercial application.

66 Del. Laws, c. 351, §  1;  69 Del. Laws, c. 458, §  1;  74 Del. Laws, c. 314, §§  1-3;  81 Del. Laws, c. 49, §  1; 

In carrying out this Program, to promote technology development and utilization within the small business sector, the duties of the Division shall include but not be limited to:

(1) Promote the SBIR and STTR Programs among Delaware small businesses.

(2) Seek technical assistance for small businesses to participate more effectively in the federal SBIR and STTR Programs.

(3) Coordinate efforts with small business, institutions of higher education, financial institutions and government to affect timely development and utilization of new development of technology.

(4) Administer state matching funds in association with the Delaware Technical Innovation Program for the federal SBIR and STTR Programs to provide matching funds or supplemental grant funds to eligible Delaware small businesses receiving federal SBIR or STTR awards, in order to support research, development, commercialization, and economic benefit in this State.

(5) Coordinate efforts within the business sector to commercialize innovative products and processes developed by small businesses.

(6) Assist small businesses that are engaged in technology development and utilization in obtaining private sector financing.

(7) Develop job training programs to meet specific needs for small business.

(8) Review and recommend ways of streamlining relevant state regulations to expedite the development of innovative products and processes.

66 Del. Laws, c. 351, §  1;  69 Del. Laws, c. 458, §  1;  74 Del. Laws, c. 314, §§  4-6;  81 Del. Laws, c. 49, §  1;  85 Del. Laws, c. 423, § 1; 

(a) Subject to funds allocated or otherwise made available for such purpose, this State may provide matching funds or supplemental grant funds to an eligible small business that has received a federal SBIR or STTR Phase I or Phase II award.

(1)-(4) [Repealed.]

(b) To qualify for funding under this section, a small business must have its principal place of business in this State and certify that the funded work, related research and development, or commercialization activity will benefit the Delaware economy.

(c) The Division shall administer the program using funds allocated or otherwise made available for such purpose and may establish application requirements, program guidelines, allowable uses of funds, award amounts, and such other criteria as are necessary to carry out this section.

(d) The Council shall review applications for use of available funds under this section and make recommendations to the Division regarding fund allocation.

66 Del. Laws, c. 351, §  1;  74 Del. Laws, c. 314, §  7;  81 Del. Laws, c. 49, §  1;  85 Del. Laws, c. 423, § 1; 

66 Del. Laws, c. 351, §  1;  69 Del. Laws, c. 458, §  1;  81 Del. Laws, c. 49, §  1;  repealed by 81 Del. Laws, c. 374, § 10, effective July 1, 2018.;