Bill Text: OR SB241 | 2013 | Regular Session | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to commercialization of university-based research.

Spectrum: Committee Bill

Status: (Passed) 2013-08-21 - Effective date, January 1, 2014. [SB241 Detail]

Download: Oregon-2013-SB241-Engrossed.html

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     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 1109

                           A-Engrossed

                         Senate Bill 241
                  Ordered by the Senate July 1
            Including Senate Amendments dated July 1

Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Senate Interim Committee on
  Business, Transportation and Economic Development)

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.

    { - Directs Oregon Business Development Department to develop
and implement program to assist technology-based, start-up
businesses whose primary purpose is commercialization of
university research. - }
    { - Establishes Oregon University Research Commercialization
Fund. Continuously appropriates moneys in fund to department for
purposes of program. - }
    { - Requires department to report to Legislative
Assembly. - }
   { +  Directs Oregon Business Development Department to
facilitate regional collaboration among University of Oregon,
Oregon State University and Oregon Solutions Network in Lane,
Linn and Benton Counties for purpose of assisting
technology-based, start-up businesses in Oregon whose primary
purpose is to commercialize university-based or
university-assisted research. Authorizes department to enter into
contracts and agreements to implement and accomplish objectives.
  Requires department, University of Oregon, Oregon State
University and Oregon Solutions Network to report to Legislative
Assembly. + }

                        A BILL FOR AN ACT
Relating to commercialization of university-based research.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + For the purposes of sections 1 and 2 of this
2013 Act, 'Oregon Solutions Network' means the Oregon Solutions
Network established pursuant to Executive Order 11-12 dated
December 16, 2011, including but not limited to regional advisory
committees and regional solutions centers within the network. + }
  SECTION 2.  { + (1) The Oregon Business Development Department
shall facilitate regional collaboration among the University of
Oregon, Oregon State University and the Oregon Solutions Network
in Lane, Linn and Benton Counties, for the purpose of assisting
technology-based, start-up businesses in this state whose primary
purpose is to commercialize university-based or
university-assisted research and to increase the number of, and
ensure the retention of, such businesses in the region.
  (2) The collaboration under subsection (1) of this section
shall include, but not be limited to, the following:
  (a) Providing financial assistance to programs, entities and
providers of technical business development and creation
assistance and providing support to technology-based, start-up
businesses whose primary purpose is to commercialize
university-based or university-assisted research.
  (b) Identifying and recruiting entrepreneurial talent,
qualified investors and other sources of capital.
  (c) Acquiring, procuring, furnishing or improving facilities in
or near Lane, Linn or Benton Counties, as identified by the
University of Oregon, Oregon State University and the Oregon
Solutions Network, for the operation or support of businesses
receiving assistance under this section, signature research
centers and other businesses, programs and entities involved in
the commercialization of university-based or university-assisted
research.
  (d) Establishing, connecting or expanding support programs,
directly or indirectly, that provide assistance to
technology-based, start-up businesses whose primary purpose is to
commercialize university-based or university-assisted research
within and outside the region.
  (3) The department may enter into contracts and agreements with
the University of Oregon, Oregon State University and the Oregon
Solutions Network for the purpose of implementing and
accomplishing the objectives set forth in subsection (2) of this
section.
  (4) The department shall adopt rules to implement the
provisions of this section. + }
  SECTION 3.  { + The Oregon Business Development Department, the
University of Oregon, Oregon State University and the Oregon
Solutions Network shall report to the committees of the 2015
regular session of the Legislative Assembly related to business
and economic development regarding the implementation of section
2 of this 2013 Act. + }
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