Promoting economic development through promoting innovation and the commercialization of technologies.
Summary
Adds specific technology commercialization tasks to the Washington Technology Center's (WTC) existing responsibilities, contingent on funding.
Authorizes the WTC to accept and expend gifts, grants, donations, sponsorships, or contributions from any public or private source.
Creates an Investing in Innovation Account in the custody of the State Treasurer.
Transfers responsibility for contracting with the WTC from the Department of Community, Trade and Economic Development to the University of Washington effective July 1, 2011.
From the Substitute House Bill Analysis 2009 (SSB 5553), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House