Specifications include, but are not limited to: The Collaborative Research Matching Grant Program is intended to support large-scale, collaborative research projects involving two or more research organizations that have the most potential to spur innovation, cluster development, new business formation, and job growth through industry partnerships in the Commonwealth. The role of universities is central to the objectives of this solicitation which seeks to build on and expand collaboration amongst research institutions and industry. All Grant Applications must include collaboration amongst two or more universities or research institutions. Applications to the Matching Grant Program will be evaluated by an Investment Advisory Committee (“IAC”). The IAC, comprised of accomplished industry and academic leaders, will review, on a project-byproject basis, the technical merit and economic impact of each individual application and will make a recommendation to the MassTech Board of Directors, the governing body of MassTech, which has final authority to approve Collaborative Research Matching Grant Program awards. Provision of grant funds is specifically contingent upon satisfaction of the following conditions: completion of all required Mass Tech Collaborative internal approvals; receipt of written notice of matching award(s) from federal government, foundations, corporations, or private capital funds; execution of an agreement between the awardee and applicable partners; execution of a Project Grant Agreement between the Mass Tech Collaborative and the awardee; and the availability of funds from the Commonwealth’s capital budget.