Bill
SD 2451
Overview: Bill Number: SD 2451, Title: FY25 Innovation Commercialization Seed Fund Report, Status: Placed on file, Introduced: March 03, 2025Purpose and Intent: This bill requires
Overview: Bill Number: SD 2451, Title: FY25 Innovation Commercialization Seed Fund Report, Status: Placed on file, Introduced: March 03, 2025
Purpose and Intent: This bill requires the Massachusetts Technology Collaborative to submit an annual report on the activities and outcomes of the Innovation Commercialization Seed Fund. The fund provides grants to support the commercialization of innovative technologies developed at the state's universities and research institutions.
Key Provisions:
- Mandates the annual report to include information on:
- The number and types of projects funded
- The amount of private investment leveraged by the fund
- The number of jobs created or retained
- The economic impact of the funded projects
- Specifies that the report must be submitted to the legislature's Joint Committee on Economic Development and Emerging Technologies
- Requires the report to be made publicly available on the Massachusetts Technology Collaborative's website
Affected Parties and Impacts:
- The Massachusetts Technology Collaborative, which administers the Innovation Commercialization Seed Fund
- Universities, research institutions, and technology companies that receive funding from the program
- Policymakers and the public, who will have access to information on the fund's performance and impact
Procedural and Timeline Considerations:
The bill has been placed on file, meaning it has been introduced but not yet acted upon by the legislature. If passed, the first annual report would be due within one year of the bill's effective date.
Compiled from official sources — confirm details with the bill’s official record.
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