HB-5774, As Passed House, June 27, 2008

SUBSTITUTE FOR

HOUSE BILL NO. 5774

     A bill to amend 1984 PA 270, entitled

"Michigan strategic fund act,"

by amending section 88o (MCL 125.2088o), as added by 2005 PA 215.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 88o. The fund shall create and operate a program to

assist accelerate technology transfer from Michigan's institutions

of higher education with university technology transfer, including,

but not limited to, the transfer of competitive edge technology

research to the private sector for commercialization of competitive

edge technologies and bioeconomy technologies. The technology

transfer acceleration program shall facilitate all of the

following:

     (a) Identification of commercial potential in advance

technologies from individual institutions of higher education.

     (b) Bundling of inventions from individual institutions of

higher education into packages that could be of interest to private

sector firms looking for commercialization opportunities.

     (c) Encourage business formation efforts in institution of

higher education technology transfer offices to increase the number

of institution of higher education related start-up companies.

     (d) Work with institutions of higher education in encouraging

them to provide their faculty with incentives for participating in

technology transfer and commercialization activities.