If RIT is to “sponsor” an Applicant, the Applicant must meet the following criteria:
Core Mission – Applicant must “align with or further the academic mission” of RIT.
Eligible Business – Applicant must not be any of the business types that are prohibited by the State from being in a START-UP NY program.
Liabilities – Applicant must not owe taxes or be in violation on any “worker protection and environmental laws and regulations”.
Business Category – Applicant must prove its eligibility for one of the four State-defined business categories that are eligible for START-UP NY, as listed in Step #1.
Job Creation – Applicant must be willing to commit to specific job creation upon applying for START-UP NY, with milestones for achieving new jobs identified. Number of new jobs and timing for achieving them will be a factor in selecting companies for RIT’s designated START-UP facilities.
Competitors – Applicant must have no competitors in the community in which it will be located.