New Jersey Assembly Bill A4238

New Jersey 2022-2023 Regular Session

• Introduced: 6/13/22
• Refer: 6/13/22
• Report Pass: 5/11/23

Caption

Adds technology transfer duties to New Jersey Commission on Science, Innovation and Technology.

Impact

If enacted, A4238 would significantly impact state laws by broadening the commission's mandate to include specific technology transfer activities. This aligns with efforts to enhance New Jersey's competitive edge in science and technology, ultimately aimed at advancing economic development in the state. The bill would also facilitate funding for initiatives that support entrepreneurial ventures and increase job creation, thereby contributing to the state's growth in the high-tech sector.

Summary

Assembly Bill A4238, introduced in New Jersey, seeks to enhance the technology transfer responsibilities of the New Jersey Commission on Science, Innovation and Technology. The bill amends existing laws to empower the commission with new duties aimed at fostering collaboration between higher education institutions and the private sector. By focusing on the transfer of technological advancements and research knowledge, the legislation positions itself to play a proactive role in supporting innovation and commercial application of new discoveries.

Sentiment

The general sentiment surrounding A4238 appears to be positive among stakeholders in the science and technology sectors. Proponents laud the bill for its potential to streamline technology transfer processes and encourage collaboration between academia and industry. There is a shared belief that these efforts could lead to greater innovation and economic growth. However, there may be some concerns regarding the effectiveness of the commission's new responsibilities and how they will be implemented in practice.

Contention

Some points of contention may arise concerning the allocation of resources and the governance of new initiatives outlined in A4238. Stakeholders may question how the bill will address potential disparities in support for various technological fields and whether it will effectively meet the needs of both industry and academic institutions. Additionally, there may be discussions about the balance of power within the commission, particularly regarding decision-making processes and the representation of diverse sectors within the technology landscape.