HOUSE BILL No. 5774

 

February 20, 2008, Introduced by Rep. Hopgood and referred to the Committee on New Economy and Quality of Life.

 

     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, with a

 

specific focus on technologies that will accelerate and solidify

 

the bioeconomy. The technology transfer acceleration program shall

 

facilitate all of the following:

 

     (a) Bundling of inventions from individual institutions of

 


higher education into packages that could be of interest to private

 

sector firms looking for commercialization opportunities.

 

     (b) Expansion of business formation efforts in institution of

 

higher education technology transfer offices to increase the number

 

of institution of higher education related start-up companies.

 

     (c) Incentives for faculty who participate in technology

 

transfer and commercialization activities.