(a) In awarding technology transfer grants, the agency shall consider the following:
(1) The likelihood of commercialization of a product, service, or process.
(2) The potential impact on the state’s economy.
(3) The cost-effectiveness of the project.
(4) The importance of state funding for the viability of the project.
(5) Cost sharing by other participants.
(6) The involvement of small businesses and minority-, disabled veteran-, and women-owned businesses.
(7) Projects that will result in a prototype by the end of the grant period.
(8) Other criteria that the agency determines are consistent with the purposes of the program.
(b) The agency shall target industries and technologies with a potential for enhancing the California economy, and shall fund projects within those industries and utilizing those technologies.
(Added by renumbering Section 13994.5 by Stats. 2015, Ch. 303, Sec. 201. (AB 731) Effective January 1, 2016.)