Bill Text: NY A09736 | 2011-2012 | General Assembly | Introduced

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Bill Title: Relates to the innovation and commercialization functions of the state university.

Spectrum: Slight Partisan Bill (Democrat 10-4)

Status: (Introduced - Dead) 2012-03-29 - referred to higher education [A09736 Detail]

Download: New_York-2011-A09736-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         9736
                                 I N  A S S E M B L Y
                                    March 29, 2012
                                      ___________
       Introduced  by  M.  of  A.  LUPARDO,  SCHIMMINGER,  MORELLE, MAGNARELLI,
         GABRYSZAK, PEOPLES-STOKES, McENENY, CAHILL,  RYAN,  MURRAY  --  Multi-
         Sponsored  by  --  M.  of  A.  CROUCH,  MAGEE, TENNEY -- read once and
         referred 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:
    1    Section 1. The education law is amended by adding a new section  355-d
    2  to read as follows:
    3    S 355-D. THE POWER AND DUTIES OF TRUSTEES - INNOVATION AND COMMERCIAL-
    4  IZATION  FUNCTIONS.  1.  THE  TRUSTEES  ARE  AUTHORIZED TO ESTABLISH AND
    5  SUPPORT THE NECESSARY PROGRAMS FOR THE RESEARCH, DEVELOPMENT AND COMMER-
    6  CIALIZATION OF NEW TECHNOLOGIES WITHIN THE STATE UNIVERSITY  TO  BENEFIT
    7  THE  PEOPLE OF THE STATE OF NEW YORK. SUCH PROGRAMS SHALL INCLUDE OPPOR-
    8  TUNITIES FOR COLLABORATION AND COOPERATION WITH OTHER ACADEMIC  RESEARCH
    9  INSTITUTIONS WHENEVER PRACTICABLE.
   10    2. STATE UNIVERSITY TECHNOLOGY ACCELERATOR FUND. (A) THE STATE UNIVER-
   11  SITY TECHNOLOGY ACCELERATOR FUND IS HEREBY CREATED TO SUPPORT EFFORTS BY
   12  INDIVIDUAL   RESEARCHERS  ON  STATE  UNIVERSITY  CAMPUSES  TO  TRANSFORM
   13  RESEARCH DISCOVERIES INTO MARKETABLE TECHNOLOGIES, PRODUCTS OR PROCESSES
   14  TO BE COMMERCIALIZED OR MANUFACTURED IN NEW YORK STATE.
   15    (B) THE TRUSTEES SHALL ESTABLISH A PEER-REVIEW PROCESS FOR THE PURPOSE
   16  OF REVIEWING APPLICATIONS FOR AWARDS. AWARDS MAY BE USED  TO  BUILD  AND
   17  TEST PROTOTYPES AND FOR OTHER COSTS AS DETERMINED BY THE STATE UNIVERSI-
   18  TY ASSOCIATED WITH EARLY STAGES OF COMMERCIALIZATION.
   19    (C)  ANY  STATE FUNDS MADE AVAILABLE FOR THIS PROGRAM SHALL BE MATCHED
   20  ON A ONE TO ONE (1:1) BASIS WITH NON-STATE FUNDS.
   21    (D) GRANTS SHALL NOT EXCEED ONE HUNDRED THOUSAND DOLLARS FOR ANY INDI-
   22  VIDUAL AWARD, AND SHALL BE AWARDED ON AN ANNUAL BASIS.
   23    3. THE STATE UNIVERSITY OF NEW YORK ENTREPRENEUR-IN-RESIDENCE PROGRAM.
   24  (A) THE STATE UNIVERSITY OF NEW YORK  ENTREPRENEUR-IN-RESIDENCE  PROGRAM
   25  IS HEREBY CREATED WITHIN THE STATE UNIVERSITY.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14782-03-2
       A. 9736                             2
    1    (B) THE TRUSTEES MAY DESIGNATE ENTREPRENEURS-IN-RESIDENCE AT UNIVERSI-
    2  TY  AND  COLLEGE  CAMPUSES,  HEREAFTER  REFERRED  TO  AS THE "EIR," UPON
    3  CONSULTATION WITH THE TECHNOLOGY TRANSFER STAFF AT THE CAMPUSES, FOR THE
    4  PURPOSES OF IDENTIFYING AND EXTRACTING PROMISING TECHNOLOGIES.
    5    (C)  QUALIFICATIONS FOR THE POSITION OF EIR SHALL BE DETERMINED BY THE
    6  STATE UNIVERSITY UPON  RECOMMENDATION  BY  EACH  INSTITUTION  AND  SHALL
    7  INCLUDE  SIGNIFICANT, SUCCESSFUL PRIVATE SECTOR EXPERIENCE WITH BUSINESS
    8  START-UPS.
    9    (D) POSITIONS SHALL BE HELD FOR THREE-YEAR PERIODS AND MAY BE RENEWED.
   10    (E) THE EIR SHALL ASSIST THE  INSTITUTIONS  PERFORMING  THE  FOLLOWING
   11  COMMERCIALIZATION-RELATED TASKS:
   12    (I)  IDENTIFYING INDUSTRY-SPECIFIC MARKET/START-UP OPPORTUNITIES BASED
   13  ON UNIVERSITY TECHNOLOGIES;
   14    (II) DEVELOPING OPPORTUNITY ASSESSMENTS;
   15    (III) ORGANIZING PRE-SEED WORKSHOPS;
   16    (IV) CREATING BUSINESS PLANS;
   17    (V) DEVELOPING BUSINESS STRUCTURE PROPOSALS FOR START-UP ENTERPRISES;
   18    (VI) NEGOTIATING THE UNIVERSITY LICENSE.
   19    (F) EIRS SHALL SELECT PROJECTS THAT HAVE THE MOST PROMISE FOR  FUNDING
   20  BASED ON COMMERCIAL FEASIBILITY AND SHALL PROVIDE ASSISTANCE FOR FACULTY
   21  AND  STAFF  WITH  BUSINESS  PLANS  AND MANAGEMENT STRATEGIES OF SELECTED
   22  PROJECTS AS WELL AS DEVELOP A PROOF-OF-CONCEPT PROJECT PLAN AND  PREPARE
   23  A PROPOSAL FOR FUNDING.
   24    (G) EIRS SHALL PROVIDE ASSISTANCE TO ALL CAMPUSES THROUGHOUT THE STATE
   25  AS DIRECTED UNDER THE PROGRAM.
   26    (H)  ANY  FUNDS  MADE AVAILABLE FOR THIS PROGRAM SHALL BE MATCHED ON A
   27  ONE TO ONE (1:1) BASIS WITH CASH OR IN-KIND RESOURCES FROM  EACH  CAMPUS
   28  WHERE THE EIR IS LOCATED OR BY THE STATE UNIVERSITY.
   29    4.  THE  TRUSTEES SHALL PROMULGATE ANY RULES AND REGULATIONS NECESSARY
   30  TO CARRY OUT THIS SECTION AND ON AN  ANNUAL  BASIS  SHALL  EVALUATE  AND
   31  REPORT  ON  THE IMPACT OF THIS PROGRAM ON COMMERCIALIZATION ACTIVITY AND
   32  OUTCOMES IN NEW YORK STATE.
   33    S 2. This act shall take effect immediately.