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.