Connecticut General Statutes
Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated
Section 32-41ll. (Formerly Sec. 19a-32f). - Regenerative Medicine Research Advisory Committee. Membership. Duties.

(a)(1) There is established a Regenerative Medicine Research Advisory Committee. The committee shall consist of the Commissioner of Public Health, or the commissioner's designee, the chief executive officer of Connecticut Innovations, Incorporated, or the chief executive officer's designee, and eight members who shall be appointed as follows: Two by the Governor, one of whom shall have background and experience in stem cell or regenerative medicine research and one of whom shall have background and experience in business or financial investments; one each by the president pro tempore of the Senate and the speaker of the House of Representatives, who shall have background and experience in private sector regenerative medicine research and development; one each by the majority leaders of the Senate and House of Representatives, who shall be academic researchers specializing in regenerative medicine research; one by the minority leader of the Senate, who shall have background and experience in either private or public sector regenerative medicine research and development or related research fields, including, but not limited to, embryology, genetics or cellular biology; and one by the minority leader of the House of Representatives, who shall have background and experience in the field of bioethics. Members shall serve for a term of four years commencing on October first, except that members first appointed by the Governor and the majority leaders of the Senate and House of Representatives shall serve for a term of two years. No member may serve for more than two consecutive four-year terms. All initial appointments to the committee shall be made by October 1, 2005. Any vacancy shall be filled by the appointing authority.

(2) The Regenerative Medicine Research Advisory Committee shall include eight additional members who shall be appointed as follows: Two by the Governor, who shall have backgrounds and experience in business or financial investments; one each by the president pro tempore of the Senate and the speaker of the House of Representatives, who shall have background and experience in private sector regenerative medicine research and development; one each by the majority leaders of the Senate and House of Representatives, who shall be academic researchers specializing in regenerative medicine research; one by the minority leader of the Senate, who shall have background and experience in either private or public sector regenerative medicine research and development or related research fields, including, but not limited to, embryology, genetics or cellular biology; and one by the minority leader of the House of Representatives, who shall have background and experience in business, law or ethics. Members shall serve for a term of four years, except that (A) members first appointed by the Governor and the majority leaders of the Senate and House of Representatives pursuant to this subdivision shall serve for a term of two years and three months, and (B) members first appointed by the remaining appointing authorities shall serve for a term of four years and three months. No member appointed pursuant to this subdivision may serve for more than two consecutive four-year terms. All initial appointments to the committee pursuant to this subdivision shall be made by July 1, 2006. Any vacancy shall be filled by the appointing authority.
(b) The chief executive officer of Connecticut Innovations, Incorporated, or the chief executive officer's designee, shall serve as chairperson of the Regenerative Medicine Research Advisory Committee.
(c) All members appointed to said advisory committee shall work to advance regenerative medicine research. Any member who fails to attend three consecutive meetings or who fails to attend fifty per cent of all meetings held during any calendar year shall be deemed to have resigned from said advisory committee.
(d) Notwithstanding the provisions of any other law, it shall not constitute a conflict of interest for a trustee, director, partner, officer, stockholder, proprietor, counsel or employee of any eligible institution, or for any other individual with a financial interest in any eligible institution, to serve as a member of said advisory committee. All members shall be deemed public officials and shall adhere to the code of ethics for public officials set forth in chapter 10. Members may participate in the affairs of said advisory committee with respect to the review or consideration of applications for financial assistance, including the approval or disapproval of such applications, except that no member shall participate in the affairs of said advisory committee with respect to the review or consideration of any application for financial assistance filed by such member or by any eligible institution in which such member has a financial interest, or with whom such member engages in any business, employment, transaction or professional activity.
(e) The Regenerative Medicine Research Advisory Committee shall (1) develop, in consultation with Connecticut Innovations, Incorporated, a donated funds program to encourage the development of funds other than state appropriations for regenerative medicine research in the state, (2) examine and identify specific ways to improve and promote for-profit and not-for-profit regenerative medicine research and research in related areas in the state, including, but not limited to, identifying both public and private funding sources for such research, maintaining existing regenerative medicine-related businesses, recruiting new regenerative medicine-related businesses to the state and recruiting scientists and researchers in such field to the state, (3) administer a regenerative medicine research assistance program that shall provide financial assistance to eligible institutions for the advancement of regenerative medicine research in the state pursuant to section 32-41kk, (4) monitor the regenerative medicine research conducted by eligible institutions that receive such financial assistance, and (5) prepare a comprehensive strategic plan for the Regenerative Medicine Research Fund, established pursuant to section 32-41kk, and financial assistance awarded from said fund that shall include, but need not be limited to, identification of specific methods or strategies to (A) achieve the scientific and economic development objective of said fund, (B) build innovation capacity, and (C) sustain investments of moneys received by said fund.
(f) Connecticut Innovations, Incorporated, shall serve as administrator of the Regenerative Medicine Research Fund and shall, in consultation with the Regenerative Medicine Research Advisory Committee: (1) Develop the application for the financial assistance authorized under subsection (b) of section 32-41kk; (2) review such applications; (3) review recommendations of peer reviewers pursuant to section 32-41mm; (4) prepare and execute any assistance agreements or other agreements in connection with the awarding of such financial assistance; (5) develop performance metrics and systems to collect data from recipients of such financial assistance; (6) collect information from such recipients concerning each recipient's employment statistics, business accomplishments and performance outcomes, peer review articles and papers published, partnerships and collaborations with other entities, licenses, patents and invention disclosures, scientific progress as it relates to the commercialization of intellectual property funded by such financial assistance, efforts to commercialize such intellectual property, and other funds received for research; and (7) performing such other administrative duties as the Regenerative Medicine Research Advisory Committee deems necessary.
(P.A. 05-149, S. 3; P.A. 06-33, S. 1; P.A. 10-117, S. 43; P.A. 11-242, S. 39; P.A. 14-98, S. 34; P.A. 15-55, S. 1; 15-222, S. 3.)
History: P.A. 05-149 effective June 15, 2005; P.A. 06-33 amended Subsec. (a) by designating existing provisions as Subdiv. (1) and adding Subdiv. (2) requiring the appointment of eight additional members by July 1, 2006, and amended Subsec. (d) by describing what shall not constitute a conflict of interest and authorizing members to participate in the review or consideration of grant-in-aid applications, effective April 24, 2006; P.A. 10-117 deleted former Subsec. (g) re annual reports from committee to Governor and General Assembly; P.A. 11-242 amended Subsec. (a)(1) by permitting commissioner's designee to be a member of committee and amended Subsec. (b) by permitting commissioner's designee to serve as committee chairperson; P.A. 14-98 amended Subsec. (a) by replacing “Stem Cell Research Advisory Committee” with “Regenerative Medicine Research Advisory Committee”, adding chief executive officer of Connecticut Innovations, Incorporated, as member, adjusting qualifications for members appointed by Governor and minority leader of the House of Representatives, and removing restriction on members' concurrent service on peer review committee in Subdiv. (1), and adjusting qualifications for members appointed by Governor, president pro tempore of the Senate, speaker of the House of Representatives and minority leader of the House of Representatives, and removing restriction on members' concurrent service on peer review committee in Subdiv. (2), deleted former Subsec. (b) re Commissioner of Public Health as chairperson, added new Subsec. (b) re chief executive officer of Connecticut Innovations, Incorporated, as chairperson, amended Subsec. (e) by adding Subdiv. (5) re strategic plan, amended Subsec. (f) by replacing former provisions with provisions re duties of Connecticut Innovations, Incorporated, and replaced references to embryonic and human adult stem cell with references to regenerative medicine and made technical and conforming changes throughout; Sec. 19a-32f transferred to Sec. 32-41ll in 2015; P.A. 15-55 amended Subsec. (f)(2) by replacing “Regenerative Medicine Research Advisory Committee” with “Regenerative Medicine Peer Review Committee”, effective June 19, 2015; P.A. 15-222 replaced references to grants-in-aid with references to financial assistance and made conforming changes in Subsecs. (d) to (f), and amended Subsec. (f)(3) by replacing reference to Regenerative Medicine Research Advisory Committee with reference to peer reviewers, effective July 1, 2015.

Structure Connecticut General Statutes

Connecticut General Statutes

Title 32 - Commerce and Economic and Community Development

Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated

Section 32-32. - Short title: Innovation Capital Act of 1989.

Section 32-33. - Legislative finding.

Section 32-34. - Definitions.

Section 32-35. - Connecticut Innovations, Incorporated.

Section 32-36. - Perpetual succession. Termination.

Section 32-37. - Board of directors.

Section 32-38. - Chief executive officer.

Section 32-39. - Corporate purpose; powers.

Section 32-39a and 32-39b. - Powers re investments during early stage of ventures. Powers re financial aid for marketing innovative services.

Section 32-39c. - Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation.

Section 32-39d. - Guarantees of corporation made investment securities.

Section 32-39e. - Development of new or experimental technologies, products or processes. Procurement for state agencies. Program to recognize state agencies.

Section 32-39f. - CTNext. Purposes. Board of directors. Executive director.

Section 32-39g. - CTNext. Powers.

Section 32-39h. - CTNext. Procedures.

Section 32-39i. - CTNext Fund established. Uses.

Section 32-39j. - Definitions.

Section 32-39k. - Innovation place program. Purposes.

Section 32-39l. - *(See end of section for amended version of subsection (a) and effective date.) Planning grants-in-aid. Innovation place designation. Applications. Public hearing.

Section 32-39m. - Innovation place designation applications approval. Award of grants-in-aid. Considerations. Report.

Section 32-39n. - Venture or investment agreements entered into by Connecticut Innovations, Incorporated.

Section 32-39o. - Forgiveness of received state assistance for participation in CTNext mentorship network.

Section 32-39p. - Connecticut 500 Project. Goals. Solicitation of bids.

Section 32-39q. - Assessment of innovation and entrepreneurship in the state. Audits and analyses by grant recipient. Report. Application procedure.

Section 32-39r. - Financial assistance priority for entities located in designated innovation places.

Section 32-39s. - Innovation and entrepreneurship at public and independent institutions of higher education. Working group. Master plan development.

Section 32-39t. - Higher Education Entrepreneurship Advisory Committee. Membership. Applications. Recommendation of approval.

Section 32-39u. - Start-up businesses in designated innovation place located in a single municipality. Grant-in-aid program.

Section 32-39v. - Internet web site re Connecticut-based start-up businesses. Requirements. Promotion of web site.

Section 32-39w. - Assistance with state strategic economic planning.

Section 32-39x. - Entrepreneurs-in-Residence program. Proof of concept fund.

Section 32-39y. - Recapitalization of innovation place program. Bond authorization.

Section 32-40. - Applications for financial aid.

Section 32-40a. - Advanced technology centers; purposes. Applications to Connecticut Innovations, Incorporated for state funding.

Section 32-40b. - State funding for advanced technology centers; considerations in approval process by Connecticut Innovations, Incorporated.

Section 32-40c. - State funding for any advanced technology center to be approved only when funds from other sources are at least equal to the state funds.

Section 32-41. - Bond issue.

Section 32-41a. - Connecticut Innovations, Incorporated Fund. Use of funds or revenues of the corporation.

Section 32-41aa. - Connecticut Bioscience Innovation Fund. Definitions.

Section 32-41b. - Bond issue for high technology products. Loan interest rates.

Section 32-41bb. - Bioscience Innovation Advisory Committee.

Section 32-41cc. - Connecticut Bioscience Innovation Fund. Establishment. Financial assistance. Report.

Section 32-41dd. - Bond authorization for Connecticut Bioscience Innovation Fund.

Section 32-41g. - Short title: Technology Deployment Act of 1993.

Section 32-41h. - Legislative finding.

Section 32-41i. - Definitions.

Section 32-41j. - Manufacturing application center program.

Section 32-41jj. (Formerly Sec. 19a-32d). - Regenerative medicine research: Definitions. Prohibition on human cloning. Disposition of embryos or embryonic stem cells following infertility treatment. Written consent required for donations. Embryonic s...

Section 32-41k. - Deployment research program.

Section 32-41kk. (Formerly Sec. 19a-32e). - Regenerative Medicine Research Fund. Application for financial assistance. Available funding.

Section 32-41l. - Energy and environmental technologies deployment center program.

Section 32-41ll. (Formerly Sec. 19a-32f). - Regenerative Medicine Research Advisory Committee. Membership. Duties.

Section 32-41m. - Connecticut educational and job training technologies deployment center programs.

Section 32-41mm. (Formerly Sec. 19a-32g). - Peer review of applications for financial assistance. Qualifications and duties of peer reviewers. Rating and scoring guidelines.

Section 32-41n. - Critical technologies grant program.

Section 32-41nn. - Bond authorization for Regenerative Medicine Research Fund.

Section 32-41o. - Bond issue for technology deployment.

Section 32-41oo. - Program to incentivize formation of new venture capital funds.

Section 32-41p. - Workplace center of excellence program.

Section 32-41pp. - Program to encourage development of technologies and techniques concerning crumbling concrete foundations.

Section 32-41q. - Critical industries development account. Purpose. Regulations.

Section 32-41qq. - Plan to collect data re crumbling concrete foundations.

Section 32-41r. - Short title: Economic Recovery Act of 1996.

Section 32-41s. - Bioscience, biotechnology, pharmaceutical and photonics businesses. Benefits. Regulations.

Section 32-41t. - High technology research and development program: Definitions.

Section 32-41u. - High technology research and development program: Establishment and purpose.

Section 32-41v. - Connecticut New Opportunities Fund.

Section 32-41w. - Early-stage venture capital program.

Section 32-41x. - Preseed financing account and program.

Section 32-41y. - Connecticut Bioscience Collaboration program. Connecticut Bioscience Collaboration Fund.

Section 32-41z. - Bond issue for the Connecticut Bioscience Collaboration program.

Section 32-42. - Examination. Audits.

Section 32-43. - State pledge.

Section 32-44. - Powers to be interpreted broadly.

Section 32-45. - Inconsistent provisions of law.

Section 32-46. - Tax exemption.

Section 32-47. - Personal liability of directors or persons acting on behalf of the corporation.

Section 32-47a. - Business plan. Report.