Text: SF00387 Text: SF00389 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 7.23 TECHNOLOGY TRANSFER AGENT.
1 2 A technology transfer agent shall be employed by the
1 3 governor. The technology transfer agent shall do all of the
1 4 following:
1 5 1. Facilitate the transfer of technology developed at
1 6 universities under the control of the state board of regents.
1 7 2. Establish technology transfer goals for the state.
1 8 3. Provide technical assistance to entrepreneurs related
1 9 to technology transfer-related issues. The technical
1 10 assistance shall include assistance in the areas of patents
1 11 and licensing, business management, finance, production,
1 12 sales, and marketing.
1 13 4. Receive the technology transfer-related report
1 14 submitted by the state board of regents pursuant to section
1 15 262.9, subsection 31.
1 16 5. To ensure economic growth, serve as a coordinator
1 17 between business and applicable research at universities under
1 18 the control of the state board of regents.
1 19 6. Assist businesses locating in this state.
1 20 7. Assist faculty members and universities under the
1 21 control of the state board of regents in establishing business
1 22 milestones for agreements entered into pursuant to section
1 23 262.9, subsection 30.
1 24 Sec. 2. Section 262.9, Code 2003, is amended by adding the
1 25 following new subsections:
1 26 NEW SUBSECTION. 29. Take an active interest in, and
1 27 promote the transfer of, technology and research at
1 28 universities under the control of the board to commercial
1 29 application, including the start-up of business entities.
1 30 NEW SUBSECTION. 30. Allow a faculty member to enter into
1 31 a one-year agreement with the university for the opportunity
1 32 to obtain the exclusive license for patented intellectual
1 33 property rights created in whole or in part by the faculty
1 34 member. An agreement shall include business milestones agreed
1 35 upon by the faculty member, the technology transfer agent of
2 1 the governor's office, and the university.
2 2 NEW SUBSECTION. 31. By January 15 of each year, submit a
2 3 report to the technology transfer agent in the governor's
2 4 office and the general assembly containing information from
2 5 the previous calendar year regarding all of the following:
2 6 a. Patents secured by each university under the control of
2 7 the board delineated by university and by the faculty member
2 8 or faculty members responsible for the research or activity
2 9 that resulted in the patent.
2 10 b. Research grants secured by each university under the
2 11 control of the board from both public and private sources
2 12 delineated by university and by faculty member or faculty
2 13 members.
2 14 c. The number of faculty members at each university under
2 15 the control of the board involved in a start-up company.
2 16 d. The number of grant applications for research received
2 17 by each university under the control of the board for start-up
2 18 companies, the number of applications approved, and the number
2 19 of applications denied.
2 20 e. The number of agreements entered into by faculty
2 21 members at each university under the control of the board with
2 22 foundations affiliated with the universities relating to
2 23 business start-ups.
2 24 f. A complete accounting of interests in technology sold
2 25 by each university under the control of the board, including,
2 26 but not limited to, the names of buyers, the identification of
2 27 the buyers' board of directors or owners, where the buyers'
2 28 business operations are located, and whether any business
2 29 operations will be located in Iowa as a result of the
2 30 technology sales and any resulting impact on employment in
2 31 this state.
2 32 g. The number of professional employees at each university
2 33 under the control of the board who assist in the transfer of
2 34 technology and research to commercial application.
2 35 EXPLANATION
3 1 This bill relates to commercial application of university
3 2 technology and research.
3 3 The bill provides that a technology transfer agent shall be
3 4 employed by the governor. The bill provides that the
3 5 technology transfer agent shall facilitate the transfer of
3 6 technology developed at universities under the control of the
3 7 state board of regents, establish technology transfer goals
3 8 for the state, provide technical assistance to entrepreneurs
3 9 related to technology transfer-related issues, receive the
3 10 technology transfer-related report submitted by the state
3 11 board of regents, serve as a coordinator between business and
3 12 applicable research at universities under the control of the
3 13 state board of regents, assist businesses locating in the
3 14 state, and assist faculty members and universities under the
3 15 control of the state board of regents in establishing business
3 16 milestones for exclusive licensing agreements for patented
3 17 intellectual property rights.
3 18 The bill requires the board to take an active interest in,
3 19 and promote the transfer of, technology and research at
3 20 universities under the control of the board to commercial
3 21 application, including the start-up of business entities.
3 22 The bill requires the board to allow a faculty member to
3 23 enter into a one-year agreement with the university for the
3 24 opportunity to obtain the exclusive license for patented
3 25 intellectual property rights created in whole or in part by
3 26 the faculty member. The bill provides that an agreement shall
3 27 include business milestones agreed upon by the faculty member,
3 28 the technology transfer agent, and the university.
3 29 The bill requires that, by January 15 of each year, the
3 30 board must submit a report to the technology transfer agent
3 31 and the general assembly containing certain information from
3 32 the previous calendar year regarding technology and research
3 33 transfer-related issues.
3 34 LSB 3094SV 80
3 35 tm/cf/24
Text: SF00387 Text: SF00389 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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