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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Davis
CWM - Innovation Hub

Item 152 #1h

Item 152 #1h

First Year - FY2023 Second Year - FY2024
Higher Education
The College of William and Mary in Virginia FY2023 $4,500,000 FY2024 $7,350,000 GF
FY2023 12.00 FY2024 20.00 FTE

Language
Page 191, line 11, strike "$248,449,399" and insert "$252,949,399".
Page 191, line 11, strike "$246,355,399" and insert "$253,705,399".


Explanation

(This amendment requests additional funding and positions to develop a data science innovation hun (d-HUB). The d-HUB at William & Mary will house three key functions: a Research and Development Accelerator; a high-speed computing core; and commercial tenants. The Accelerator will pursue innovation and discovery in data science to produce a highly skilled workforce – establishing technology transfer pathways that will result in startups and job creation to keep this workforce in the region. It will spearhead interdisciplinary partnerships that expand William & Mary’s ability to pursue major externally-funded investment opportunities through cluster hires and the aggressive recruitment of nationally eminent and emerging researchers to support large-scale, multi-million-dollar proposals for federal and private investments with sustained collaboration with partner universities, regional industry, and our localities.)