2013 Session

Budget Amendments - SB800 (Committee Approved)

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Cybersecurity Accelerator

Item 423 #1s

Item 423 #1s

First Year - FY2013 Second Year - FY2014
Innovation and Entrepreneurship Investment Authority FY2013 $0 FY2014 $1,000,000 GF

Page 364, line 13, strike "$5,782,500" and insert "$6,782,500".
Page 365, following line 25, insert:
"M. Out of the appropriation for this Item, $1,000,000 the second year from the general fund is provided to establish a Cybersecurity Accelerator for the continued efforts in the development of cybersecurity for the Commonwealth. It is the intent of the General Assembly that this funding shall be used to defray capital expenses of company formation for not fewer than five companies. Funding from this item shall not be available to any company for longer than two years. As part of the reporting requirements identified within paragraph D of this item, the Director of the Center for Innovative Technology shall provide a detailed report on the number of companies and jobs created pursuant to this additional funding."

(This amendment provides funding for the creation of a Cybersecurity Accelerator.)