MICHIGAN STRATEGIC FUND:  TECHNOLOGY TRANSFER ACCELERATION PROGRAM

House Bill 5774 (Substitute H-1)

Sponsor:  Rep. Hoon-Yung Hopgood

1st Committee:  New Economy and Quality of Life

2nd Committee:  Agriculture

Complete to 6-25-08

A SUMMARY OF HOUSE BILL 5774 AS REPORTED FROM COMMITTEE 6-25-08

As reported from committee, the bill would amend the Michigan Strategic Fund Act to require the technology transfer program created by that act "to accelerate the transfer of technology from Michigan's institutions of higher education."  The program would be specifically charged with helping with the following things: 

·                    Identification of commercial potential in advance technologies from individual institutions.

·                    Bundling inventions from individual institutions into packages of possible interest to private sector firms.

·                    Encouraging business formation efforts in higher education technology transfer offices.

·                    Encouraging institutions to provide incentives to their faculty for participating.

           

            MCL 125.2088o

FISCAL IMPACT:

A fiscal analysis is in process. 

POSITIONS: 

            The Michigan Economic Development Corporation supports the substitute bill. (6-25-08)

                                                                                           Legislative Analyst:   Shannan Kane

                                                                                                  Fiscal Analyst:   Viola Wild

This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.