You are here
Science, Technology and Innovation, Foundation for
Functions
The Foundation for Science, Technology and Innovation, formerly known as the Office of Science, Technology and Academic Research, works to spur economic development in New York State through academic research; substantially increase the amount of federal research dollars New York and its researchers obtain; coordinate and organize New York's science and technology informational resources and provide its academic, business, and research communities access to these resources; develop and recommend policies to the Governor and Legislature that will allow the State to take greater advantage of the economic power of its science, technology, and academic research assets; and formulate recommendations to reform and improve New York's policies regarding royalties and licensing fees, enabling the State to realize a greater return from its high-tech investments.
History
The New York State Office of Science, Technology and Academic Research (NYSTAR) was created by the Jobs 2000 for New York State Act (Chapter 684, Laws of 1999). The office funded research into and development of "job-creating technologies" at public and private institutions of higher learning within the State of New York. It also supported a network of non-profit Regional Technology Development Centers to help smaller manufacturers modernize their facilities and facilitate the development of high-tech industry. NYSTAR worked closely with the Empire State Development Corporation. In 2005, the New York State Foundation for Science and Technology Innovation Act (Chapter 59) created the New York State Foundation for Science, Technology and Innovation.
Legal Citations
L. 1999, Ch. 684; L. 2005, Ch. 59.
