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DE SB286

Bill

Status

Engrossed

6/30/2016

Primary Sponsor

Harris McDowell

Click for details

Origin

Senate

148th General Assembly

AI Summary

  • Creates the "Delaware Technology Commercialization Fund" to support early-stage technology innovation and commercialization in strategic fields including Advanced Materials, Renewable Energy, Environmental Technology, Fuel Cell Technology, Nanotechnology, Optics, Information Technology, and Biotechnology.

  • Establishes a Technology Commercialization Fund Committee composed of the Secretary of Finance, Secretary of State, representatives from University of Delaware and Delaware State University, and members appointed by the Governor, President Pro Tempore of the Senate, and Speaker of the House.

  • Provides annual funding of up to $2 million from the Delaware Strategic Fund in the Delaware Economic Development Office to support research and development, technology commercialization, and the Delaware Technology Innovation Program.

  • Requires the Committee to develop and regularly update a Delaware technology-to-market roadmap establishing a public-private partnership framework for collaboration between government, academic institutions, and the private sector to identify key technology fields for investment and commercialization.

  • Authorizes the Committee to accept and disburse federal, state, and private funds for projects with significant potential for commercialization, economic growth, and job creation in Delaware.

Legislative Description

An Act To Amend Title 29 Of The Delaware Code Relating To A Technology Commercialization Fund.

Last Action

Passed by Senate. Votes: Passed 12 YES 9 NO 0 NOT VOTING 0 ABSENT 0 VACANT

6/30/2016

Committee Referrals

Banking and Business6/24/2016

Full Bill Text

No bill text available