§ 312.10 Application components.

In addition to the criteria set forth in the FFO, to be considered for a RIS Program grant, eligible applicants must provide the following information: (a) A description of the regional innovation cluster supported by the proposed activity; (b) The extent to which the regional innovation cluster is supported by the private sector, State and local units of government, and other relevant stakeholders; (c) The methods that participants in the regional innovation cluster will use to encourage and solicit participation by all types of entities that might benefit from participation, including newly formed entities and rival existing participants; (d) The extent to which the regional innovation cluster is likely to stimulate innovation and have a positive effect on regional economic growth and development; (e) The capacity of participants in the regional innovation cluster to access, or contribute to, a well-trained workforce; (f) The ability of participants in the regional innovation cluster to attract additional funds to support the cluster with non-Federal funds; and (g) The likelihood that participants in the regional innovation cluster will be able to sustain activities after the grant expires.