Bill Text: NJ S3402 | 2022-2023 | Regular Session | Introduced
Bill Title: Allows Commission on Science, Innovation and Technology to provide grants to employees of public institutions of higher education and their companies.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2023-10-05 - Approved P.L.2023, c.164. [S3402 Detail]
Download: New_Jersey-2022-S3402-Introduced.html
Sponsored by:
Senator ANDREW ZWICKER
District 16 (Hunterdon, Mercer, Middlesex and Somerset)
SYNOPSIS
Allows Commission on Science, Innovation and Technology to provide grants to employees of public institutions of higher education and their companies.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning grants made by the New Jersey Commission on Science, Innovation and Technology and supplementing P.L.1971, c.182 (C.52:13D-12 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding the provisions of P.L.1971, c.182 (C.52:13D-12 et seq.) or any other law or regulation to the contrary, a State officer or employee or a special State officer or special State employee of a State public institution of higher education, or their partners or any corporation or firm in which they own or control stock, assets, or profits, may apply for, and the Commission on Science, Innovation and Technology may award, grants for the development of scientific or technological discoveries or innovations offered through or administered by the New Jersey Commission on Science, Innovation and Technology, established by P.L.1985, c.102 and re-established by P.L. 2018, c.91 (C.52:9X-1 et seq.).
2. This act shall take effect immediately.
STATEMENT
The New Jersey Commission on Science, Innovation and Technology was created to implement, evaluate, and formulate long-range plans and programs for science, innovation, and technology in New Jersey, and its primary mission is to accelerate economic development by applying science and technology applications to industry. One of the principal goals of the commission is to encourage new enterprises, particularly those that are oriented towards the adoption of the most advanced scientific and technological techniques, and it is charged with fostering innovation developed at the State's institutions of higher education by, among other things, providing grants to entities formed by academic researchers performing applied research in emerging technologies at the State's public and private institutions of higher education, which are of strategic importance to the New Jersey economy.
This bill supplements the State's conflicts of interest law to permit entities with licensed technologies owned by employees and officers of the State's public institutions of higher education to apply for and receive grants from the New Jersey Commission on Science, Innovation and Technology, which they are unable to receive under current law.
