Tom Udall, U.S. Senator for New Mexico, announced that he is going to introduce a technology transfer bill in Congress to create high-tech jobs by streamlining the U.S. Department of Energy‚Äôs research commercialization process.
The bill, tentatively titled as the ‚ÄúThe Technology Transfer Invention, Innovation, and Implementation Act,‚Äù will be introduced in the U.S. Senate in September.
The bill is designed to facilitate public-private partnerships at the regional, state and federal level.
Udall made the announcement during a workshop on technology transfer at Santa Fe Community College.
Paul Hommert, director of Sandia National Laboratory was one of the speakers at the event, along with Duncan McBranch, chief technology officer at the Los Alamos National Laboratory.
Udall said his bill will address many of the key challenges the Department of Energy faces in its technology transfer process.
He said New Mexico was well-positioned to build on cutting-edge research at the national labs, military installations and universities, and turn it into high-tech jobs for communities across the state. But it required improved coordination between private enterprise and the government at the DOE in order to create successful high-tech industries.
The Tech Transfer will tackle these challenges in three ways:-
The Office of Advanced Research Tech Transfer and Innovation in Energy (ARTTIE) will be established at DOE headquarters, and will be connected to the network of existing tech transfer offices at all the national labs.
A new Entrepreneurs in Energy Corps (E2-Corps) will be established at the DOE, similar to the National Science Foundation’s Innovation Corps. E2-Corps will support investments in scientists, engineers, mentors and entrepreneurs.
The bill will enable DOE to realign incentives to make technology transfer a priority, using a public-private partnership model similar to the ones used by USAID and the Small Business Administration (SBA) for economic development.
John Freisinger, president and CEO of Technology Ventures Corporation (TVC) which was one of the sponsors of the tech transfer workshop, said the initiative represents a bold new vision of the possibilities in technology transfer when the laboratories work together for a common purpose with entrepreneurs, private industry, non-profits and the investment community.