Congressman Chris Collins visited SUNY Geneseo's molecular structure laboratory today to discuss legislation he has introduced to help scientists commercialize their ideas.
GENESEO, N.Y. – Congressman Chris Collins from New York's 27th district received support today from SUNY Geneseo for legislation he has introduced in Congress to help scientists commercialize their ideas.
Collins visited the campus to discuss the legislation, the TRANSFER Act of 2013 (H.R. 2981), which builds upon a current program and specifically awards grants to innovative technology transfer programs at universities, research institutes and national laboratories.
"One of the most effective ways we can spur economic growth is to assist some of the country's smartest minds in turning their good ideas into a commercial success," said Collins. "Scientists often need a funding boost to take the initial steps to see if their invention or concept has the potential to be commercialized. Without this critical legwork a scientist is often unable to partner with a business or an investor to take their idea to the next level."
The TRANSFER Act would provide $50,000 grants, on average. Collins said the bill would be an asset to both research institutions, including SUNY Geneseo, and federal taxpayers. He said the grants will accommodate taking ideas to the marketplace, "helping American taxpayers realize a greater return on their investments and improving the competitiveness of the American economy."
"The bill Congressman Collins is sponsoring dovetails very well with Geneseo's strong record in undergraduate research," said Geneseo president Christopher C. Dahl. "Students studying in our School of Business and conducting projects in our new Center for Inquiry, Discovery and Development as well as the hundreds of clients taking advantage of our Small Business Development Center would benefit greatly from this legislation. It would strongly support the good work Geneseo is doing on entrepreneurship and the key role it will play in New York's future."
The bill has support from a wide range of scientific and professional organizations, including the American Council on Education, the Association of American Medical Colleges and the Association of American Universities.
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