State Relations Update - January 6, 2009
January 6, 2010
State of the State - The Governor today delivered his annual State of the State message to a joint session of the Legislature.
Higher Education Highlights from the Expanded Text:
- This fund will help institutions of higher learning grow their research and strengthen their partnerships with the business community to advance their work to commercialization and put New York on par with states like Pennsylvania, California, Maryland and Texas in terms of directly supporting entrepreneurial activity and resulting job creation in the State.
- New York is a national leader in research areas including energy, nanotechnology, life sciences and agriculture, areas which carry significant economic impact in the State but New York’s universities incubated only 35 start-up companies in 2007 while Massachusetts generated 58 and California 60. The presence of a Seed Fund will attract aspiring entrepreneurs to our institutions of higher education.
- Investment decisions will be made by independent, professional investors who will be insulated from political pressures and who will invest in promising technologies only. State funds will require matches of at least 1:1 from federal or private sources in order to leverage and maximize the impact of State investments.
Senate Committee Chairs
SUNY - Overcrowded & Underfunded - National Crosstalk article published by the National Center for Public Policy and Higher Education