IP News Watch: Technology Commercialization Legislation
A number of bills have been introduced to the New York State Legislature which support the economic development goals laid out in the New York Rising plan. The goals of emphasizing higher education centers as job generators, moving the State's investment in research from the lab to market, and tailoring curricula in higher education to train the human capital necessary to drive the innovation economy are evident. A survey of some recent legislative proposals follows:
• A technical assistance program designed to increase the number of Phase I SBIR and STTR award winners in New York State. The authorized technical assistance would be provided to SBIR/STTR grant applicants with one hundred employees or less. (A3057-2013)
• A bill to authorize NYSTAR to establish a high-tech employment and training program. The legislative notes observe that the introduction of new technologies in business and industry is an ongoing, dynamic process which necessitates a system of training and education that is responsive to constantly changing skill requirements. In addition, an appropriately skilled workforce is necessary to ensure the creation and growth of high technology businesses in New York. (A4800-2013)
• A bill to establish a commercialization development program within the state university system to help strengthen its capacity to innovate and commercialize technology. The program would include two aspects. First, a technology accelerator fund, with awards granted pursuant to a peer review process to help meet the costs of prototyping and other expenses related to developing new technologies. Second, an Entrepreneurship in Residence program at selected universities to assist campuses with the necessary steps in commercializing new technologies. Steps include selecting the highest potential startup technologies, developing business plans and company launch plans, and mentoring, all of which increase the probability that an enterprise will be successful. (S1654-2013)
• Bills to establish a NYSTAR biosciences commercialization fund, (S1595-2013, A3168-2013), a high-performance computing program, (S3225-2013), and a Technology Commercialization Partnership Program. (S2784-2013 , A404-2013)
• A bill to establish a New York State Task Force on Health Care Cost Reduction through Entrepreneurial Innovation (S1716-2013)
• A bill establishing a tax credit for “qualified commercialization expenses” for “qualified emerging technology companies”. The credit would be for New York companies with total annual sales of ten million dollars or less, R&D activity in New York, with a ratio of R&D funds to net sales at least equal to the average ratio of all surveyed companies classified by the National Science Foundation. (A2742-2013 )
• In Washington, Senator Kristen Gillibrand introduced legislation titled The Made in America Manufacturing Act to encourage the training of workers with the skills that businesses need and establish awards to encourage local manufacturing by helping them expand especially in the clean-tech and high-tech manufacturing fields.
• A bill to establish a Chief Innovation and Intellectual Property Negotiator to prioritize intellectual property and innovation in U.S. trade policy. The position would be an addition to the Office of the U.S. trade representative. The mission of the Chief Innovation and Intellectual Property Negotiator would be to conduct trade negotiations and enforce trade agreements relating the U.S. intellectual property and to take appropriate actions to address acts, policies, and practices of foreign governments that have a significant adverse impact on the value of U. S. innovation.