MI HB5808

Adds "information technology" to the definition of "advanced automotive, manufacturing, and materials technology" to include design, engineering, testing, diagnostics, and product research and development related to these fields.

Expands "alternative energy technology" to include wind energy systems and clarifies coverage of biomass utilization, agricultural waste energy generation, and biotechnology applications for commodity chemicals and materials.

Defines "applied research" as translational research aimed at solving practical problems with high commercial application potential to create jobs in Michigan.

Defines "basic research" as original investigation advancing scientific or technological knowledge to enhance Michigan's research capacity and ability to attract companies, researchers, and students.

Establishes definitions for "commercialization," "competitive edge technology," "life sciences technology," and venture/private equity/mezzanine funds to support the Michigan strategic fund's investment programs in emerging technologies and businesses.