Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to higher education |
Jan 07, 2015 |
referred to higher education |
Senate Bill S225
2015-2016 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Higher Education Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S225 (ACTIVE) - Details
- Current Committee:
- Senate Higher Education
- Law Section:
- Education Law
- Laws Affected:
- Add ยง355-d, Ed L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S7093
2013-2014: S1654
2015-S225 (ACTIVE) - Sponsor Memo
BILL NUMBER: S225 TITLE OF BILL : An act to amend the education law, in relation to the innovation and commercialization functions of the state university PURPOSE : Establish commercialization development programs within the state university system to help strengthen its capacity to innovate and commercialize technology. SUMMARY OF PROVISIONS : A technology accelerator fund is created to help support efforts by individual researchers on state university campuses to transform research discoveries into marketable technologies, products or processes to be commercialized or manufactured in New York State. The chancellor is charged with establishing a peer review process for awarding applicants. Awards would be limited to $100,000 and would be used to help meet the costs of prototyping and other expenses related to developing new technologies. An Entrepreneurship in Residence (EIR) program would be created at selected technology transfer hubs within the university system. The EIR would be a proven entrepreneur and would assist campuses with the necessary steps in commercializing new technologies. The university
2015-S225 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 225 2015-2016 Regular Sessions I N S E N A T E (PREFILED) January 7, 2015 ___________ Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education AN ACT to amend the education law, in relation to the innovation and commercialization functions of the state university THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The education law is amended by adding a new section 355-d to read as follows: S 355-D. THE POWER AND DUTIES OF TRUSTEES - INNOVATION AND COMMERCIAL- IZATION FUNCTIONS. 1. THE TRUSTEES ARE AUTHORIZED TO ESTABLISH AND SUPPORT THE NECESSARY PROGRAMS FOR THE RESEARCH, DEVELOPMENT AND COMMER- CIALIZATION OF NEW TECHNOLOGIES WITHIN THE STATE UNIVERSITY TO BENEFIT THE PEOPLE OF THE STATE OF NEW YORK. SUCH PROGRAMS SHALL INCLUDE OPPOR- TUNITIES FOR COLLABORATION AND COOPERATION WITH OTHER ACADEMIC RESEARCH INSTITUTIONS WHENEVER PRACTICABLE. 2. STATE UNIVERSITY TECHNOLOGY ACCELERATOR FUND. (A) THE STATE UNIVER- SITY TECHNOLOGY ACCELERATOR FUND IS HEREBY CREATED TO SUPPORT EFFORTS BY INDIVIDUAL RESEARCHERS ON STATE UNIVERSITY CAMPUSES TO TRANSFORM RESEARCH DISCOVERIES INTO MARKETABLE TECHNOLOGIES, PRODUCTS OR PROCESSES TO BE COMMERCIALIZED OR MANUFACTURED IN NEW YORK STATE. (B) THE TRUSTEES SHALL ESTABLISH A PEER-REVIEW PROCESS FOR THE PURPOSE OF REVIEWING APPLICATIONS FOR AWARDS. AWARDS MAY BE USED TO BUILD AND TEST PROTOTYPES AND FOR OTHER COSTS AS DETERMINED BY THE STATE UNIVERSI- TY ASSOCIATED WITH EARLY STAGES OF COMMERCIALIZATION. (C) ANY STATE FUNDS MADE AVAILABLE FOR THIS PROGRAM SHALL BE MATCHED ON A ONE TO ONE (1:1) BASIS WITH NON-STATE FUNDS. (D) GRANTS SHALL NOT EXCEED ONE HUNDRED THOUSAND DOLLARS FOR ANY INDI- VIDUAL AWARD, AND SHALL BE AWARDED ON AN ANNUAL BASIS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00473-01-5
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