Bill Text: NY S00225 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to the innovation and commercialization functions of the state university.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-01-06 - REFERRED TO HIGHER EDUCATION [S00225 Detail]
Download: New_York-2015-S00225-Introduced.html
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: 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00473-01-5 S. 225 2 1 3. THE STATE UNIVERSITY OF NEW YORK ENTREPRENEUR-IN-RESIDENCE PROGRAM. 2 (A) THE STATE UNIVERSITY OF NEW YORK ENTREPRENEUR-IN-RESIDENCE PROGRAM 3 IS HEREBY CREATED WITHIN THE STATE UNIVERSITY. 4 (B) THE TRUSTEES MAY DESIGNATE ENTREPRENEURS-IN-RESIDENCE AT UNIVERSI- 5 TY AND COLLEGE CAMPUSES, HEREAFTER REFERRED TO AS THE "EIR," UPON 6 CONSULTATION WITH THE TECHNOLOGY TRANSFER STAFF AT THE CAMPUSES, FOR THE 7 PURPOSES OF IDENTIFYING AND EXTRACTING PROMISING TECHNOLOGIES. 8 (C) QUALIFICATIONS FOR THE POSITION OF EIR SHALL BE DETERMINED BY THE 9 STATE UNIVERSITY UPON RECOMMENDATION BY EACH INSTITUTION AND SHALL 10 INCLUDE SIGNIFICANT, SUCCESSFUL PRIVATE SECTOR EXPERIENCE WITH BUSINESS 11 START-UPS. 12 (D) POSITIONS SHALL BE HELD FOR THREE-YEAR PERIODS AND MAY BE RENEWED. 13 (E) THE EIR SHALL ASSIST THE INSTITUTIONS PERFORMING THE FOLLOWING 14 COMMERCIALIZATION-RELATED TASKS: 15 (I) IDENTIFYING INDUSTRY-SPECIFIC MARKET/START-UP OPPORTUNITIES BASED 16 ON UNIVERSITY TECHNOLOGIES; 17 (II) DEVELOPING OPPORTUNITY ASSESSMENTS; 18 (III) ORGANIZING PRE-SEED WORKSHOPS; 19 (IV) CREATING BUSINESS PLANS; 20 (V) DEVELOPING BUSINESS STRUCTURE PROPOSALS FOR START-UP ENTERPRISES; 21 (VI) NEGOTIATING THE UNIVERSITY LICENSE. 22 (F) EIRS SHALL SELECT PROJECTS THAT HAVE THE MOST PROMISE FOR FUNDING 23 BASED ON COMMERCIAL FEASIBILITY AND SHALL PROVIDE ASSISTANCE FOR FACULTY 24 AND STAFF WITH BUSINESS PLANS AND MANAGEMENT STRATEGIES OF SELECTED 25 PROJECTS AS WELL AS DEVELOP A PROOF-OF-CONCEPT PROJECT PLAN AND PREPARE 26 A PROPOSAL FOR FUNDING. 27 (G) EIRS SHALL PROVIDE ASSISTANCE TO ALL CAMPUSES THROUGHOUT THE STATE 28 AS DIRECTED UNDER THE PROGRAM. 29 (H) ANY FUNDS MADE AVAILABLE FOR THIS PROGRAM SHALL BE MATCHED ON A 30 ONE TO ONE (1:1) BASIS WITH CASH OR IN-KIND RESOURCES FROM EACH CAMPUS 31 WHERE THE EIR IS LOCATED OR BY THE STATE UNIVERSITY. 32 4. THE TRUSTEES SHALL PROMULGATE ANY RULES AND REGULATIONS NECESSARY 33 TO CARRY OUT THIS SECTION AND ON AN ANNUAL BASIS SHALL EVALUATE AND 34 REPORT ON THE IMPACT OF THIS PROGRAM ON COMMERCIALIZATION ACTIVITY AND 35 OUTCOMES IN NEW YORK STATE. 36 S 2. This act shall take effect immediately.