Congressman Chris Collins' legislation to help scientists commercialize their ideas passed through the House Committee on Science, Space and Technology today. The TRANSFER Act of 2013, which passed with bipartisan support and has the backing of local and national research universities, will now go to the House Committee on Small Business for approval.
"This legislation addresses what we as a committee have heard time and time again: There is a valley of death - a place where innovative new ideas die because there is no path to commercialization," said Collins, R-NY-27. "This legislation mends that valley."
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