NYSTAR reviews and coordinates university requests for matching grants and letters of support for the Administration. These grants leverage resources from federal or private sources, including the National Science Foundation, the National Institutes of Health, businesses, industry consortiums, foundations, and other organizations. For more information, please click here.
KEY POINTS
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The goal of the Empire State Development Division of Science, Technology & Innovation (NYSTAR) Matching Grants Leverage Program is to assist New York State research institutions in attracting new federal and private foundation funding for applied research, technology acceleration or supply chain assistance funding.
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Increased state incentives will yield increased federal and private investment in research and development projects.
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In fiscal year 2018-19 (April 2018 to March 2019), NYSTAR funded four proposals at a cost of $3.4 million. Those programs brought in $14.5 million in federal funds to the state.
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NYSTAR has also committed to nine other projects in 2018-19 year for a total of $8.2 million. These proposals have the potential to bring $55.35 million in federal funds to New York.
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New York State colleges and universities spend $6.4 billion on R&D, putting New York second only to California; 77 percent of this research spending is undertaken at private, not-for-profit colleges and universities ($4.9 billion).
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New York’s private colleges and universities generate $88.8 billion in economic development annually and support 415,600 jobs in the state.
NEW YORK STATE BUDGET
2019-20: $6 million
2018-19: $6 million
2017-18: $6 million