This is not the official budget document.

Budget Summary FY2016

70021508 - Mass Tech Collaborative Tech and Innovation Entrepre
Data Current as of:  8/19/2015





Account Description FY2015
Spending
FY2016
GAA
7002-1508 Mass Tech Collaborative Tech and Innovation Entrepre
For the Massachusetts Technology Park Corporation established in section 3 of chapter 40J of the General Laws and doing business as the Massachusetts Technology Collaborative, to establish programs that provide advice and training from successful, experienced entrepreneurs for start-up enterprises and that create a talent pipeline to technology start-ups and innovation companies; provided, that an entrepreneur and start-up mentoring program shall be established, in consultation with the Massachusetts Technology Development Corporation established in section 2 of chapter 40G of the General Laws and doing business as MassVentures, to provide assistance, mentoring and advice to start-ups and innovation companies by connecting early-stage entrepreneurs, technology start-ups and small businesses with successful, experienced business enterprises and capital financing; provided further, that funds shall be expended for paid internships for students seeking careers in technology and innovation industries to work with companies competing actively in those fields; provided further, that the Massachusetts Technology Collaborative shall seek private funds necessary to match contributions equal to $1 for every $1 contributed by the Massachusetts Technology Collaborative through the internship program; provided further, that as a condition of such grants being awarded, the Massachusetts Technology Collaborative shall reach agreement with the grant recipient on performance measures and indicators that shall be used to evaluate the performance of the grant recipient in carrying out the activities described in the recipient's application; provided further, that the Massachusetts Technology Collaborative shall file annual reports for the duration of the programs with the chairs of the house and senate committees on ways and means and the house and senate chairs of the joint committee on economic development and emerging technologies, by June 15; provided further, that the paid internship program report shall include the number of placements of students in paid internships during the academic year and an analysis of the impact of the program on the ability of its participants to enter the full-time job market in the technology and innovation industries after graduation; provided further, that the entrepreneurship program report shall include an overview of the activities of the programs, the number of participants in the programs and an analysis of the impact of the programs on the success of the participants' start-up business ventures; and provided further, that the funds appropriated in this item shall not revert but shall be made available for these purposes through June 30, 2018
0 1,500,000

Veto Explanation:   I am reducing this item to the amount projected to be necessary.