S.F. 220 Section 1. CREATIVITY AND INNOVATION TASK FORCE. 1 1. ESTABLISHMENT AND PURPOSE. 2 a. A creativity and innovation task force is established. 3 The task force shall be initially convened by July 1, 2011, 4 with staffing and administrative support provided by the 5 legislative services agency. 6 b. The task force shall be convened for the following 7 purposes: 8 (1) To foster the creation of new businesses in the state 9 and to increase the creation of jobs. 10 (2) To encourage and reward creativity, invention, and 11 innovation by Iowa residents. 12 2. MEMBERSHIP. 13 a. The task force shall consist of the following members: 14 (1) One member selected by the Iowa small business 15 development center. 16 (2) One member selected by the Iowa association of community 17 college trustees. 18 (3) One member selected by the John Pappajohn 19 entrepreneurial center at the university of Iowa. 20 (4) Two members selected by the Iowa bankers association 21 representing community bankers. 22 (5) Two members selected by the national federation of 23 independent business. 24 (6) Two members selected by the Iowa association of business 25 and industry. 26 (7) Two members selected by the professional developers of 27 Iowa. 28 b. The members shall be appointed in compliance with the 29 requirements of sections 69.16, 69.16A, and 69.19, and shall 30 serve for the duration of the task force. 31 c. The members of the task force are entitled to receive 32 reimbursement for actual expenses incurred while engaged in the 33 performance of official duties. 34 d. The task force shall elect a chairperson and the 35 -1- LSB 2329XS (3) 84 tw/nh 1/ 3

S.F. 220 recommendations of the task force shall be approved by 1 a majority of the members. A majority of the task force 2 constitutes a quorum and an affirmative vote of the majority 3 of members is necessary to approve the recommendations of the 4 task force. A vacancy in the membership does not impair the 5 right of a quorum to exercise all rights and perform all duties 6 of the task force. 7 3. DUTIES. The task force shall do all of the following: 8 a. Research and evaluate methods of encouraging and 9 rewarding innovation and entrepreneurship. 10 b. Create a forum and a process for listening to and 11 addressing the concerns of inventors and entrepreneurs. 12 c. Develop ideas for identifying innovations that have the 13 potential to become successful new businesses in the state. 14 d. Recommend a process for helping inventors and innovators 15 commercialize inventions and innovations. 16 e. Identify the barriers to business creation and expansion 17 and the hurdles inhibiting the commercialization of research. 18 4. REPORT. The task force shall submit a written report 19 containing its findings and recommendations to the governor 20 and the general assembly by January 1, 2012. The report shall 21 include a plan for facilitating the development of programs 22 that enhance the commercialization of research. 23 5. DISSOLUTION. The task force shall complete its duties 24 no later than January 1, 2012, but may complete its duties and 25 dissolve itself prior to that date. 26 EXPLANATION 27 This bill establishes a creativity and innovation task 28 force. The task force must be convened by July 1, 2011. 29 The task force is to be convened for the following purposes: 30 (1) to foster the creation of new businesses in the state and 31 to increase the creation of jobs; and (2) to encourage and 32 reward creativity, invention, and innovation by Iowa residents. 33 The task force consists of one member selected by the Iowa 34 small business development center, one member selected by the 35 -2- LSB 2329XS (3) 84 tw/nh 2/ 3

S.F. 220 Iowa association of community college trustees, one member 1 selected by the John Pappajohn entrepreneurial center, two 2 members selected by the Iowa bankers association representing 3 community bankers, two members selected by the national 4 federation of independent business, two members selected by 5 the Iowa association of business and industry, and two members 6 selected by the professional developers of Iowa. 7 The task force has certain duties related to new ideas and 8 methods for fostering job creation and encouraging creativity, 9 and must file a report with the general assembly and the 10 governor by January 1, 2012, when the task force is dissolved. 11 -3- LSB 2329XS (3) 84 tw/nh 3/ 3