2017 Session

Budget Amendments - HB1500 (Committee Approved)

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Virginia Research and Investment Committee (language only)

Item 255 #1h

Item 255 #1h

Higher Education Research Initiative


Page 230, after line 44, insert:

2. Pursuant to the objectives stated in paragraph A.1., the Virginia Research and Investment Committee (VRIC) may use a portion of the funds appropriated to conduct a study that is to be an assessment of the Commonwealth of Virginia's research assets, including those located at or within its public and private universities, federal research facilities and private sector companies. The purpose of that study shall be, but not limited to the following: (i) to determine the strengths of Virginia's commercialization capabilities; (ii) define research and commercialization clusters; (iii) identify current public and private sector collaborations in research and commercialization; (iv) identify current funding streams and where Virginia may leverage its fiscal resources to leverage federal and private sector funds; (v) competitive efforts in similar research and commercialization initiatives in other states; and (vi) to recommend areas where Virginia may wish to direct its resources to accomplish the mandate of the Virginia Research and Investment Committee. The State Council of Higher Education for Virginia shall serve as the coordinating body on behalf of the VRIC, and shall submit a study proposal to be reviewed and approved by the VRIC.

Page 230, line 45, strike "2." and insert "3."


(This amendment authorizes the Virginia Research and Investment Committee to conduct a study of Virginia’s research assets using previously appropriated funds.)