S.Amdt. 927

1. Adds SEC. 1203. BRINGING UNIVERSITY GENERATED TECHNOLOGICAL INNOVATIONS TO MARKET on page 24, between lines 19 and 20

   Adds a sectionPrinted page

   Inserted: SEC. 1203. BRINGING UNIVERSITY GENERATED TECHNOLOGICAL INNOVATIONS TO MARKET.

   Inserted: Section 5 of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3704) is amended by adding at the end the following:

   Inserted: "(g) Grants To Bring Technological Innovations to Commercial Markets.--

   Inserted: "(1) In General.--The Secretary shall work with technology transfer offices of institutions of higher education to develop a program to identify technological innovations with commercial potential, enhance the commercial viability of those technological innovations, bring them to the attention of potential investors, and bring their technological innovations to market.

   Inserted: "(2) Grants.--

   Inserted: "(A) In general.--As part of the program developed under paragraph (1), the Secretary shall establish a grant program to underwrite efforts by a higher education institution's technology transfer office--

   Inserted: "(i) to identify technological innovations with significant potential commercial applications;

   Inserted: "(ii) to evaluate steps necessary to modify, enhance, or further develop the technological innovations for commercial applications;

   Inserted: "(iii) to assist in such modification, enhancement, or development; and

   Inserted: "(iv) to bring the technological innovations to the attention of potential investors.

   Inserted: "(B) Support levels.--The Secretary may make grants under the program of--

   Inserted: "(i) not more than $5,000 for the evaluation of a technological innovation for further development, including market analysis, determining adoption drivers, assessment of risk factors and identification of additional steps required, including the production of preliminary product or prototype specifications, analysis of critical success factors, and prospects for private sector funding; and

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   Inserted: "(ii) not more than $50,000 for investment in a working prototype or detailed development plan.

   Inserted: "(3) Administrative matters.--

   Inserted: "(A) Competitive awards.--Grants under the program shall be awarded on a competitive basis.

   Inserted: "(B) Applications.--An application for a grant under the program shall be submitted to the Secretary at such time, in such manner, and containing such information as the Secretary may require.

   Inserted: "(C) Related technological innovations.--For the purpose of determining the amount of a grant awarded under the program, all related technological innovations intended or designed to function in concert for a product or technology shall be considered a single technological innovation.

   Inserted: "(4) Authorization of appropriations.--There are authorized to be appropriated to the Secretary for fiscal years 2008 through 2013 such sums as may be necessary to carry out this section not to exceed 20 million dollars.".

   Original wording

   On page 24, between lines 19 and 20, insert the following:

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As printed