SB-1195, As Passed Senate, December 11, 2008

HOUSE SUBSTITUTE FOR

SENATE BILL NO. 1195

(As amended December 3, 2008)

     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 include all of the following:

     (a) [ENCOURAGE AND WORK WITH THE STATE'S PUBLIC UNIVERSITIES TO

 IDENTIFY] the commercial potential in advanced

technologies from individual institutions of higher education.

     (b) Facilitate the 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

the institutions to provide their faculty with incentives for

participating in technology transfer and commercialization

activities.

     (e) Facilitate the use of the applied research expertise

within institutions of higher education by qualified businesses.