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2015 SESSION
SB 1206 Higher educational institutions; six-year plan to include intellectual property interests, etc.
Introduced by: Frank W. Wagner | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Public institutions of higher education; required reports on intellectual property and externally sponsored research. Requires each public institution of higher education to include in its six-year plan the following for the most recently ended fiscal year: (i) the assignment during the year of any intellectual property interests to a person or nongovernmental entity by the institution or any related entity, (ii) the value of externally sponsored research funds received during the year from a person or nongovernmental entity by the institution or any related entity, and (iii) the number and types of patents awarded during the year to the institution or any related entity that were developed in whole or part from externally sponsored research provided by a person or nongovernmental entity. This bill is identical to HB 1959.
SUMMARY AS PASSED SENATE:
Public institutions of higher education; required reports on intellectual property and externally sponsored research. Requires public institutions of higher education by July 31 of each year to include in its six-year plan the following for the most recently ended fiscal year: (i) the assignment during the year of any intellectual property interests to a person or nongovernmental entity by the institution or any related entity, (ii) the value of externally sponsored research funds and in-kind contributions received during the year from a person or nongovernmental entity by the institution or any related entity, and (iii) the number and types of patents awarded during the year to the institution or any related entity that were developed in whole or part from externally sponsored research provided by a person or nongovernmental entity. The bill also requires the plan to indicate if the person or nongovernmental entity has a principal place of business in Virginia as reflected in the assignment agreement or awarding documents.
SUMMARY AS INTRODUCED:
Public institutions of higher education; required reports on intellectual property and externally sponsored research. Requires public institutions of higher education by July 31 of each year to submit a written document to the Governor, the General Assembly, and the Joint Commission on Technology and Science reporting on the following for the preceding fiscal year: (i) the assignment during the year of any intellectual property interests to a person or entity with a physical presence in Virginia by the institution or any related entity, (ii) the value of externally sponsored research funds and in-kind contributions received during the year from a person or entity with a physical presence in Virginia by the institution or any related entity, and (iii) the number and types of patents awarded during the year to the institution or any related entity that were developed in whole or part from externally sponsored research provided by a person or entity with a physical presence in Virginia.