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From YouTube: 3/4/2021 - Assembly Revenue
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For agenda and addtitional information: https://www.leg.state.nv.us/App/Calendar/A/
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A
C
D
A
And
I
am
present,
thank
you.
Assemblywoman
kasama,
just
I've
got
the
record
clear,
she's
she's
here
she
did
say
that
she
was
here
so
we're
all
present
with
that.
A
We
certainly
have
a
quorum
I'd
like
to
welcome
everyone,
who's
watching
or
listening
over
the
internet.
On
this
virtual
meeting,
our
meetings
for
the
time
being
will
be
held
in
this
format
only
with
regularly
scheduled
meetings
for
4
pm
on
tuesdays
and
thursdays.
Before
again
with
our
one
bill
today,
we've
got
some
housekeeping
members
and
presenters.
Please
silence
your
electronic
devices,
courtesy
and
respect
in
our
interactions
during
the
hearing
is
always
required,
additionally,
courtesy
and
respect
when
working
with
staff.
Before
and
after
the
meetings
is
also
required.
A
Committee
members
will
be
using
multiple
screens,
besides
our
laptops,
to
participate
in
the
meeting,
but
also
to
look
at
exhibits.
That
type
of
thing.
Due
to
this,
you
may
see
us
looking
away
from
the
camera.
Please
don't
take
that
as
a
sign
of
disrespect
or
of
inattention,
but
we're
just
trying
to
make
our
way
through
this
new
virtual
world.
A
A
Also
as
a
reminder,
pursuant
to
rule
number
54
of
assembly
standing
rules,
support
of
a
bill
or
resolution
means
that
you
support
the
bill
in
its
entirety.
As
drafted
or
with
an
approved
amendment,
and
by
approved
I
mean
approved
by
the
sponsor
opposition
to
a
bill
or
resolution
is
not
supporting
the
measure
as
written
or
opposing
the
measure
is
revised
by
an
amendment
that
has
not
been
approved
by
the
sponsor
and
if
you
love
the
bill,
but
you
just
a
little
tweak
to
it.
A
So
please
note
right
now.
Everyone
on
the
video
is
a
presenter
member
of
the
assembly
or
staff.
This
may
change
in
the
future,
but
this
is
how
it's
going
to
be
for
this
hearing.
A
So
with
that,
we'll
move
on
to
the
presentation
of
ab29,
which
revises
provisions
governing
programs
for
the
development
and
commercialization
of
research
and
technology
in
the
state
with
us,
is
michael
brown,
the
executive
director
of
the
governor's
office
of
economic
development
and
several
presenters
with
him
and
director
brown
I'll.
Let
you
introduce
your
presenters
and
move
forward
as
you
see
fit,
so
please
go
ahead.
E
The
the
purpose
was
to
be
a
catalyst
to
promote
research,
innovation
and
the
commercialization
of
research
for
the
benefit
of
the
state
it
has
operated
on
on
a
small
subsidy.
The
first
funds
for
this
program
came
in
2013
and
since
that
time,
32
million
dollars
of
state
funding
has
been
put
forward
in
this.
E
From
that
investment
of
32
million,
nearly
40
million
has
been
generated
in
sponsored
academic
research
contracts.
35
million
has
been
generated
in
grants
and
donations.
It
has
supported
573
jobs,
commercialized
1.5
million
1.2
million
in
revenue
has
helped
bring
38
companies
to
nevada
29
companies
have
university-based
operations.
E
E
108
million
has
been
raised
in
venture
capital
for
affiliated
startup
groups
with
67
patents
filed
and
26
of
those
patents
by
companies
incubated
on
our
campuses.
This
is
truly
a
unique
program
that
goed
functions
as
a
facilitator
of,
and,
as
I
mentioned
in
earlier
hearings
when
I
came
in
and
recognizing
that
my
agency
was
now
a
decade
old,
I
had
asked
all
of
my
staff
to
look
at
their
divisions
and
figured
out
what
needed
updated
after
10
years.
E
Carson
heist
said
already
started
on
that
process,
recognizing
that
innovation
is
a
constantly
changing
world
and,
and
was
what
was
already
in
endeavoring
on
legislation
for
you
to
consider
which
is
become
ab29.
E
This
is
not
a
day
where
we're
going
to
inflict
death
by
powerpoint.
Instead
we're
going
to
use
the
this
wonderful
zoom
technology
that
we
have
to
bring
you
experts
from
around
from
nevada
and
around
the
world
that
have
been
engaged
in
this
over
the
last
10
years.
The
four
folks
that
I'm
going
to
introduce,
I
counted
up,
have
13
academic
degrees
combined
from
institutions
from
all
over
the
world.
E
I
think
this
is
the
most
distinguished
panel
that
I've
ever
introduced
actually
anywhere
in
my
career,
and
it
starts
off
with
dr
roland
stephen
from
sr
international
who
joins
us
tonight
from
his
home
in
maryland,
and
dr
stevens
is
also
the
author
of
nevada's
first
economic
development
program
and
then
the
more
recent
nevada
plan
for
recovery
and
resiliency
he's
done
work
for
las
vegas
global
economic
alliance,
clark
county.
I
don't
know
that.
E
There's
anyone
outside
of
nevada
at
this
moment
who
knows
more
about
nevada
than
dr
dr
stevens,
and
the
work
that
he's
been
doing
for
the
past
past
two
years
for
nevada
institutions
phd
from
ucla,
with
specialties
in
the
area
of
innovation,
he'll
be
followed
by
dr
bo
bernhard,
who
started
at
harvard
with
a
dual
major
and
then
became
a
dual
pro
hell.
Dual
professorships
at
at
use
at
university
of
nevada,
las
vegas
and
today
runs
the
blackfire
innovation
center
at
the
harry
reid
research
park
as
a
fifth
generation
nevada,
dr
vic.
E
Oh
I'm
gonna!
Get
this
wrong
at
edison
meyer
at
dri
is
a
professor
of
academic
science
with
a
degree
from
carnegie
mellon
a
phd
from
carnegie
mellon
and
is
the
interim
director
of
research
there
and-
and
as
you
know,
this
is
a
eri.
Is
our
research
institution
without
students
and
is
really
at
the
cutting
edge
of
climate
change
and
a
whole
variety
of
issue.
Dr
myrtle
adam
will
follow
him.
E
He's
head
of
research
for
university
of
nevada
reno,
and,
I
will
say,
also
has
been
one
of
the
quiet
heroes
of
the
pandemic,
making
sure
that
nevada's
public
health
system
had
the
backup
research
that
they
needed
to
to
meet
all
the
demands
that
we've
had
during
the
past
year,
and
I
spoke
with
him
many
times
as
he
made
sure
that
nevada's
laboratories
and
institutions
had
what
they
needed
to
address
the
public
challenges
we
faced
so
after
they
kind
of
paint
the
big
picture
of
what's
going
on
in
the
world.
E
Madam
chair
and
members
of
the
committee,
and
also
what's
going
on
here
in
nevada,
carsten,
and
I
would
we
would,
I
would
recommend-
we
then
excuse
them
and
carson,
and
I
would
be
glad
to
walk
through
the
bill
and
I
recognize
that
you
have
a
floor
session.
That
is
also
possibly
interrupting
us
at
five
o'clock
pacific
time.
So
with
that,
I
would
like
to
turn
to
dr
rowan
stephen
to
kind
of
present
the
big
picture.
What
the
world
looks
like
in
the
area
of
innovation.
F
Thank
you
michael
good
evening,
madam
chair
members
of
the
committee.
Thank
you
for
allowing
me
to
speak.
I
shall
be
brief,
but
try
and
do
justice
for
this.
A
very
important
question,
so
one
thing
ab29
does
is,
is
provide
a
new
name,
and
I
think
that's
consequential
here
at
sri,
which
takes
new
technology
to
market
every
year.
F
F
F
How
does
it
do
it?
I
want
to
highlight
well
several
ways
not,
but
I
want
in
particular,
so
it
makes
it
more
competitive
and
that's
good.
So
the
principal
research
institutions
of
ancient
have
to
compete
for
the
money
they
have
to
have
a
show.
Their
work,
as
a
teacher
would
say,
and
that
way
the
best
ideas
will
rise
to
the
top,
but
the
best
feature
of
it
is
the
way
that
it
draws
in
the
private
sector
that
leads
to
investment
with
purpose.
F
F
That's
where
we
place
our
bets
to
use
a
point
of
phrase:
that's
which
will
that
is
what
will
yield
the
kinds
of
results
you
want
on
the
ground
in
the
long
run.
That
is
by
the
way
sri
works
for
the
national
science
foundation.
We
work
with
agencies
around
the
world,
bringing
in
the
interests
of
the
private
sector
and
tying
them
to
the
research
enterprise.
F
Right
with
this
kind
of
investment
is
a
best
practice
and
I
should
say
the
track
record
so
far.
Rehearsed
by
director
brown
is
very
good:
108
million
in
follow-on
venture
capital.
That
is
a
hard
metric.
That
is
a
good
metric
much
else.
Besides
the
development
of
talent,
very
important,
the
building
of
networks,
the
starting
up
of
businesses,
but
with
this
new
design,
I
think
you
have
legislation
before
you
which
is
going
to
take
these
investments
and
make
them
more
effective.
F
That's
all
I
have
from
now,
but
I'm
glad
to
answer
questions
as
you
see
fit
later
on.
A
Thank
you,
and
with
that
I
believe
mr
director
brown,
I
said
dr
bernhardt
would
be
our
next
presenter.
So,
dr
bernhard,
please
go
ahead.
G
Thank
you,
madam
chair.
This
is
bo
bernhard,
I'm
the
vice
president
of
unlv,
as
you
heard
earlier,
also
an
alumnus
of
of
harvard,
but,
more
importantly,
an
alumnus
of
walter
b.
Long
elementary
school
in
ccsd,
followed
by
kermit.
Our
booker,
followed
by
frank,
f,
garcia,
followed
by
bonanza
high
school,
went
off
to
harvard,
but
knew
that
I
wanted
to
come
back
to
help
contribute
to
a
state.
G
So,
speaking
of
history,
I'll
start
with
my
own
historical
experience
with
this
fund,
I
was
fortunate
to
be
there
in
2011,
when
this
was
first
hatched
from
brains
like
congressman
horsford,
who
of
course
sat
in
this
very
legislature
and
led
this
charge.
Looking
at
the
tens
of
millions
that
other
states
were
investing
in
their
own
higher
education,
innovation
funds,
he
and
others
launched
the
nevada
knowledge
fund
at
the
time.
G
This
was
seen
as
a
brilliant
piece
of
legislation
because
it
launched
really
for
the
first
time
our
first
higher
education,
innovation
ecosystem,
something
that
did
not
exist
up
to
that
point
again
as
someone
who
has
been
here
a
long
time
and
been
at
unlv
nearly
a
quarter
century
and
also
holds
a
professorship
at
the
university
of
nevada
reno,
I
can
attest.
This
didn't
exist
before
that.
Even
more
brilliantly
was
a
late
addition
to
that
legislation.
G
That
said
this,
if
one
of
these
inventions
that
emerges
hits
it
big
like
gatorade,
famously
at
the
university
of
florida,
which
was
invented
by
scientists
there
and
to
this
day
generates
12
million
dollars
a
year
for
the
university
of
florida
in
what
is
sort
of
a
once-in-a-lifetime
shot.
But
nevertheless,
if
something
like
that
happened,
there
was
a
built-in
mechanism.
After
a
certain
threshold
where
funds
actually
went
back
into
the
state's
coffers.
How
brilliant
is
that
it
not
only
supports
it's,
not
only
great
legislation
in
and
of
itself.
G
Somehow
that
part,
I
believe,
has
been
lost
in
translation,
there's
now
a
thought
that
perhaps
this
was
intended
to
serve
that
purpose,
but
the
very
purpose
was
to
generate
revenue,
but
as
someone
who
was
there
at
the
outset-
and
the
message
that
was
conveyed
to
me
at
unlv
by
the
leaders
of
the
legislators
then,
was
that
this
is
an
inspirational
bill
to
build
this
ecosystem
and
I
believe,
that's
precisely
what
it
has
done.
G
Combined
pbs
news
this
morning
arrived
on
the
scene
soon,
after
celebrating
the
innovation
that
was
happening
in
las
vegas
and
as
a
kid
who
grew
up
in
the
clark
county
school
district,
I
can
attest
that
gail
king's
conclusion
on
what
they.
What
we
had
achieved
never
happened
when
I
was
a
kid
in
las
vegas.
Her
exact
line
was
don't
you
just
love
smart
kids,
as
they
interviewed
students
who
were
participating
in
this
innovation
approach,
the
national
media
rejoiced
and,
more
recently,
at
the
harry
reid
research
and
technology
park.
G
These
successes
led
to
the
construction
of
the
35
million
dollar
black
fire
facility
that
I
now
oversee.
It
is
our
innovation
hub
at
unlv
and
the
best
part
of
all
35
million
dollar
facility.
Zero
state
dollars
talk
about
an
roi
from
something
that
was
started
with
250
000
in
seed
funding
from
the
knowledge
fund.
This
also
led
companies
like
caesar's
adobe,
intel,
panasonic,
lg,
zoom
and
u.s
capital
global,
a
major
capital
firm
out
of
san
francisco,
whose
ceo
jeff
sweeney
is
providing
written
testimony
today
to
move
into
the
tech
park.
G
The
lineage
is
clear:
blackfire
innovation
at
the
harry
reid,
research
and
technology
park
never
happens
without
the
knowledge
fund,
so
I
won't
speak
to
other
illustrations
here,
and
I
know
my
colleagues
at
the
other
institutions
of
higher
education
will,
but
the
knowledge
fund
has
worked
in
the
precise
spirit,
at
least
that
was
intended
by
its
creators,
and
I
believe,
as
we've
heard
already
from
dr
steven,
we're
improving
upon
a
model
that
gave
us
for
the
first
time
higher
education
infrastructure
that,
as
director
brown
has
pointed
out,
gave
us
a
seat
at
the
innovation
table
for
once
and
for
the
first
time,
and
that
now
moving
forward
helps
us
innovate
our
way
out
of
the
most
horrific
economic
time
that
my
home
state
has
ever
faced.
G
My
understanding
is
that
this
is
the
only
five
million
dollars
in
the
entire
state
budget
at
this
state.
At
this,
at
this
moment
dedicated
to
innovation,
it
would
be
a
sad
time
indeed
for
my
beautiful
resilient
and
recovering
home
state
of
nevada
to
lose
out
on
this
at
this
particular
historical
moment.
G
A
Thank
you
doctor
and
dr
maisian.
If
you'd
like
to
go
ahead.
D
Madam
chair
of
members
of
the
committee,
thank
you
for
the
record,
dr
vikian
interim.
Vice
president
for
research
at
dri,
dri
scientists,
engineers
and
technicians
are
problem
solvers
and
their
research
efforts
drive
discovery
in
areas
that
impact
nevadans,
with
support
from
the
knowledge
fund.
Dri
launched
the
healthy
nevada
project.
More
than
50
000
of
atoms
enrolled
is
one
of
the
largest
population
health
studies
in
the
country
and
one
of
the
first
to
provide
results
to
participants.
D
D
These
investments
also
furthered
our
research
into
wildfires,
which,
as
you
know,
is
obviously
very
important
for
nevada.
Today,
dri
is
partnering
with
wildfire
experts
from
across
the
country
to
update
the
models
that
fire
managers
use
to
battle
wildfires.
This
expertise
was
born
out
of
work
that
goed
invested
in
at
the
ri
projects.
D
For
more
than
50
dri
scientists,
staff
and
students
have
been
funded
through
the
knowledge
fund
that
has
enabled
the
dri
to
start
up
new
organizations
like
through
now
and
ihi,
which
I
just
mentioned,
and
to
spin
out
companies
like
to
biomix
and
water
start.
These
investments
have
an
economic
benefit
to
the
state
as
well.
Economic
impact
study
found
that
for
every
dollar
that
dri
receives
from
the
state,
our
scientists
generate
four
dollars:
82
cents
in
grants
and
contracts,
and
that
impact
is
roughly
nine
dollars
when
including
the
direct,
indirect
and
indigenous
benefits.
D
So
I
would
echo
what
dr
bernhardt
said:
the
knowledge
fund
has
worked
in
our
view.
We
appreciate
god's
investment
in
dri.
We
are
hopeful
that
the
partnership
will
continue
the
next
biennium
through
the
continuation
of
funding
for
research
that
fuels
innovation.
Thank
you
and
I'll
be
happy
to
take
questions
at
the
end
as
purpose.
A
Thank
you,
dr
dr
gadjam.
H
Thank
you,
chair
cohen
members
of
the
committee.
My
name
is
myrtle
gautam
and
I
served
as
a
vice
president
for
research
and
innovation
at
the
university
of
nevada
reno.
Our
knowledge
fund,
supported
programs
are
providing
early
stage
companies
a
place
to
park
where
they
can
develop
their
technology
and
products
access
expensive
equipment.
H
These
small
and
mid-sized
companies
are
not
looking
for
tax
incentives
or
abatements.
They
want
to
do
it
by
themselves
and
they're
doing
it.
They're
sustainable,
yet
they're,
instrumental
in
creation
of
stable
high-paying
jobs
and
economic
diversification,
they're
helping
in
workforce
training
by
hiring
our
students
as
interns
and
they're
hiring
our
graduates
as
as
regular
employees
in
high-tech
jobs.
H
That
is
what
I
call
transformative:
diversified
economic
development
creation
of
long-term
sustainable
value.
The
nevada
center
for
applied
research,
which
we
call
ncar
ncar,
is
made
possible
by
the
knowledge
fund.
Today.
Thanks
to
this
knowledge
fund,
support
ncar
has
helped
small
companies
that
started
with
one
or
two
people
and
they
grew
up
to
20
60
employees.
H
H
Actually,
I
know
they
start
with
just
one
employee,
but
they
like
to
say
two
today,
after
a
successful
investor
round,
there
are
13
employees
and
are
presently
hiring
more
more
than
half
of
the
team
are
alumni
of
unr
bioelectronica
recently
graduated
as
they
like
to
say
they
move
out
of
the
campus
and
they
get
into
their
own
private
space
in
reno,
and
they
continue
to
do
contract
work
with
encore.
This
is
exactly
what
is
intended
by
the
end
car
model.
H
Flirty,
you
all
heard
about
was
the
first
company
in
the
u.s
victim
to
complete
a
commercial
product
delivery
by
drone.
Actually,
then,
one
of
the
early
drones
is
now
in
the
smithsonian.
They
start
on
our
campus
with
two
employees
and
after
successful
funding
ground
with
investors,
they
have
grown
to
30
employees.
H
I
remember
these.
These
two
generals
from
australia
came
with
two
duffel
bags,
literally
and
rolled
them
into
this
office
space,
and
now
now
they
actually
grew
to
60
employees,
but
because
of
forward
they're
down
to
30..
So
flirty
is
another
another
one
of
our
successful
graduates.
So
let
me
share
two
quick
examples
of
faculty
startups
that
are
moving
into
research
into
the
marketplace,
to
benefit
society
and
and
the
economy.
Dx
discovery
that
was
developed
by
a
couple
of
our
outstanding
microbiologists
and
is
bringing
new
technologies
for
rapid
diagnosis.
H
Diagnosis
of
various
diseases
to
the
world
alert
wildfire
is
deploying
new
technologies
to
allow
first
responders
to
more
quickly
assess
wildfires
and
then
more
rapidly
determine
the
appropriate
resources
of
people
and
equipment
to
deploy,
alert.
Wildfire
is
in
place
across
nevada,
as
well
as
california
and
in
parts
of
oregon
and
idaho.
H
These
businesses
and
products
and
services
they
represent
are
made
possible
by
the
knowledge
from
support.
We
attracted
job
creation
by
startups
that
have
scaled
through
ncar.
More
than
490
jobs
have
been
created,
and
these
are
high-tech
biotech,
advanced,
manufacturing
jobs
and
some
of
these
employees
break
out
and
form
their
own
companies
and
hire
more
people.
We
don't
even
know
what,
where
they
are.
H
The
knowledge
fund
has
also
supported
numerous
important
applied
technology
initiatives
and
that
have
had
huge
economic
implications.
Again.
Let
me
just
talk
about
two
of
them.
Intelligent
mobility
is
testing
new
transportation
technologies
in
world
in
real
world
settings
in
nevada,
in
streets
of
nevada
in
in
the
north
and
the
south
urban
areas
and
rural
settings.
We
call
these
living
labs
and
these
living
labs
are
created
under
the
leadership
of
going.
H
H
Others
are
using
technology
to
study
interaction
of
vehicles
to
their
settings
traffic
signals
and
such
this
work
will
be
foundational
to
the
future
of
autonomous
travel.
Another
research
team
has
deployed
and
developed
amazing
new
ways
to
combine
drones
and
robotics
by
using
underground
settings
in
minds
these.
This
has
important
implications
for
exploration
and
safety,
and
this
work
is
now
being
tested
in
the
vat
of
mines
and
by
the
us
department
of
defense.
H
One
note
we
at
unr
are
especially
pleased
to
have
partnered
with
our
colleagues
with
bo,
in
particular
at
unlv,
and
we
have
set
up
a
business
support
program
called
the
cr
accelerator
for
growth
and
entrepreneurship
sage
in
both
locations.
That
is
helping
those
who
don't
have
companies
how
to
access
federal
money
and
bring
money
back
to
the
state
and
start
your
own
company.
H
I
H
A
Thank
you
very
much,
and
I
think
most
of
the
committee
is
going
to
have
their
questions
after
the
presentation.
But
but
I
I
appreciate
that
we
don't
want
to
keep
you
gentlemen.
So
I
do
have
just
a
quick
question
that
I
think
dr
mazian
you'd
be
the
the
person
to
answer.
A
One
thing
that
that
concerned
me
when
I
read
the
bill
is:
is
I
recalled
touring,
dri
or
having
a
meeting
with
gri
a
few
years
ago
and
learning
that
the
researchers
at
dri
have
to
basically
fund
their
own
research
and
what
I'm
wondering
is?
Do
the
changes
in
the
bill
and
and
the
changes
that
that
this
is
going
to
cause
for
dri
mean
that
any
of
the
researchers
are
going
to
have
difficulty
being
able
to
support
their
their
research
because
of
more
competition.
D
Dr
vikka
teasing
as
a
research
institute.
Madam
chair,
I
appreciate
your
question.
Our
researchers,
of
course,
are
have
been
supporting
their
research
for
quite
some
time
and
that's
the
spirit
of
dri.
We
bring
in
external
funds
and
we
work
to
apply
those
towards
doing
research
that
our
faculty
love
to
do.
I
believe
that
the
the
changes
to
the
bill
would
not
significantly
impact
the
research.
D
That's
been
done,
in
fact,
they
might
in
fact
serve
to
enhance
it
because
they
would
enable
partnerships
with
private
companies
that
are
somewhat
difficult
to
do
right
now,
just
because
private
companies
are
always
a
little
bit
hesitant
to
partner
up
with
with
public
entities
such
as
dri,
just
because
it's
the
question
of
the
unknown.
So,
in
my
view,
actually,
I
think,
would
be
beneficial.
Perhaps.
A
Thank
you
for
that,
and
do
we
have
any
other
questions
for
these
gentlemen
before
we
let
them
go.
E
Madam
madam
chair,
I
can
also
amplify
we've
had
discussions
with
inchi
and
others,
and
the
stakeholders
this
week
and
we'll
be
bringing
an
amendment
that
will
restrict
the
private
sector
participation
to
only
20
of
the
available
resources
and
obviously
encouraging
them
to
partner
with
our
institutions
and
we'll.
We
can
discuss
that
when
we
get
into
the
bill
and-
and
you
know
I
I
thought
we
were
had
many
demands
on
the
clock,
but
if
they
can
stick
with
us
when
we
walk
through
the
bill,
that
would
be
wonderful.
A
E
Okay,
thank
you,
madam
chair
members
of
the
committee.
What
ab29
proposes
to
do
is
to
build
on
the
successes
that
you've
heard
on
and
updated
in
the
constantly
evolving
and
evolution
of
nevada's
innovation
system.
One
of
those
changes
will
be
to
rename
this
from
the
knowledge
fund,
the
innovation
fund-
and
let
me
state
at
this
point
that
this
has
no
connection
to
the
innovation
zone
that
would
be
separately
considered.
E
The
the
term
of
art,
as
carson
will
detail
is,
is
really
innovation,
not
knowledge
and
and
as
director
roland
stevens
pointed
out,
and
then
we
had
discussions
with
the
stakeholders
this
week.
This
is
actually
governed,
as
I
said,
goed
as
a
facilitator
of
this,
but
the
larger
program
is
governed
by
a
committee
that
I
sit
on
the
chancellor
now
chairs
and
the
university
presidents
sit
on
and
and
we
meet
about
every
quarter
to
kind
of
discuss
what's
going
on
in
this
area
and
what's
in
the
area
of
workforce.
E
So
this
is
a
consensus
driven
process,
and
with
that
I
would
turn
to
my
my
colleague,
carsten
heiss,
who
can
walk
through
the
high
points
of
what
we're
proposing
in
ab29,
and
then
we
and
this
this
distinguished
panel
can
take
big
questions.
A
Please
go
ahead.
Director
heist.
I
Thank
you
dr
bone.
Thank
you,
chairman
cohen,
and
members
of
the
assembling
committee
on
revenue
for
this
opportunity
to
testify
in
support
of
assembly
bill
ab29
for
the
record.
My
name
is
carson
heiss
and
I'm
the
director
for
street
strategic
programs
for
the
nevada,
governor's
office
of
economic
development.
I
But
as
director
brown
indicated,
I've
been
with
goat
since
inception
and
before
that
my
title
was
actually
director
of
technology
commercialization.
So
very
you
know
closely
tied
to
the
to
the
knowledge
fund.
I
would
like
to
give
you
an
overview
of
the
proposed
changes
of
the
current
knowledge
fund
reform
bill.
We
call
it
that
are
contained
in
ab29,
as
you
have
in
front
of
you.
I
The
proposed
changes
can
really
be
grouped
into
four
categories.
The
first
categories
and
dr
bronnery
alluded
to
it-
is
to
rename
the
nevada
knowledge
account
to
the
nevada,
innovation
account
and
re
ready
to
reflect
broadening
the
focus
of
the
program.
I
The
knowledge
fund,
in
its
in
its
current
form,
really
represents
the
most
suitable
instrument
and
conditions
that
reflect
the
structure
of
nevada's
innovation
economy
that
had
been
present
in
2011.
I
At
the
time
of
the
inaction
of
the
knowledge
fund-
and
it
remains
the
most
suitable
instrument
for
for
subsequent
years,
as
you
just
heard
from
the
from
the
universities,
the
individually
they
represented,
the
you
know,
the
great
you
know
return
on
investment
that
we
have
seen
so
far.
What
they
have
also
indicated
is
that,
in
the
meantime,
nevada's
innovation
economy
has
gathered
momentum
with
the
propagation
attraction
of
startups
entrepreneurs,
entrepreneurial
support
organizations,
innovation
centers,
both
within
the
state
and
attracting
to
the
state.
I
So
the
renaming
of
the
of
the
knowledge
fund
in
the
nevada,
innovation
account
or
the
nevada
innovation
fund
will
really
reflect
on
this
evolutionary
process
and
will
be
the
next
step
in
the
development
trajectory
of
nevada's
innovation
systems.
The
second
has
already
been
indicated
is
the
establishment
of
a
competitive
grant
program.
That's
the
language
in
the
bill,
and
we
can
later
on,
go
into
depth
into
that
to
replace
really
the
allocation
language.
I
That's
currently
in
the
bill
that
gives
the
executive
director
of
goat
the
power
to
allocate
to
either
of
the
three
institutions
individual
projects
and
that
will
be
replaced
with
a
compa
which
we
call
a
competitive
ground
program,
and
that
really
is
intended
not
to
you
know
spur.
You
know.
I
You
know
competition
among
the
among
the
universities,
although
is
obviously
a
side
effect,
but
it's
really
the
consequence
of
expanding
the
eligibility
beyond
the
three
research
institutions
and
then
third,
the
third
group
header
of
the
reform,
is
we
updating
the
definitions
of
commercialization
revenue
in
order
to
reflect
the
increased
university
engagement
with
the
startup
community
and
technology-based
based
businesses,
and
then
the
the
final
and
the
fourth
category,
which
is
a
relatively
large
category?
Is
the
revision
or
will
be
the
revision
to
the
technology
outreach
program?
I
I
need
to
take
a
step
back
historically
and
explain
a
little
bit
what
the
rationale
was
originally
for.
The
inclusion
of
the
technology
outreach
program
in
the
in
the
current
and
ultron
statute,
as
director
brown
already
alluded
to
the
knowledge
fund
took
a
lot
of
ideas
from
the
ustar
program
in
utah
and
ustar.
I
At
the
time
set
up
so-called
sbir
sttr
centers
that
they
were
positioned
strategically
across
the
state
of
utah
to
provide
support
for
small
tech
based
businesses,
which
were
induced
to
or
encouraged
to
apply
for
small
business
innovation,
research
that
spir
stands
for,
or
small
business
technology
transfer,
which
is
sttr,
the
abbreviation
programs
that
which
is
also
otherwise
called
the
nation's
seed
fund
and
which
is
run
by
participating
federal
agency
agencies.
So
this
is
where
this
technology
outrage,
programs
rationale.
I
I
The
second
additional
area
will
be
providing
support,
assessing
the
potential
at
the
universities
to
bringing
new
technologies
to
market
and
the
third
that
actually
a
little
bit
on
the
sbis
ttr
that
I
alluded
to,
and
that
is
to
establish
an
sbis
ttr
matching
program.
I
Such
programs
to
exist
in
many
states
have
been
in
existence
for
for
quite
a
while
most
prominently
in
north
carolina.
North
carolina's
program
dates
back
to
2005
actually,
and
our
program
would
match
up
to
a
hundred
thousand
dollars
of
the
sbr
phase.
I
One
award,
which
a
technology
startup
would
obtain
from
federal
agencies
that
would
be
paid
out
into
two
stages
and
linked
to
the
phase
one
success
and
then
finally,
the
in
this
in
this
proposed
language,
is
the
establishment,
often
which
we
call
an
independent
market
access
entity
and
the
independent
market
access
entity
really
would
be
an
entity
which
brought
representation
by
the
three
research
universities
and
would
build
upon
the
the
basic
technology
transfer
officers,
work
and
focus,
for
example,
on
the
creation
of
spin-out
companies.
I
I
It
would
help
with
identifying
and
hiring
a
ceo
who
would
lead
the
spin
out
and
fundraise
for
the
spin
out
and
it
would
assist,
which
is
also
very
important
as
we
as
we
were,
discovering
more
and
more.
We
actually
talked
to
startups
with
the
application
to
accelerators
nationwide.
I
So
that
really
concludes
my
summary
of
the
of
the
proposed
changes
in
ab29
and
we
are
happy
to
answer
any
questions
that
you
may
have.
Thank
you.
A
Okay,
thank
you
so
director
ready
for
questions
now.
A
Okay,
thank
you.
We
have
a
question
from
assemblyman
miller.
D
Thank
you
chair.
Thank
you,
director
brown
into
the
panel
for
the
presentation.
It's
it's
pretty
eye-opening,
I'm
excited
about
what
the
knowledge
account
has
done
and
what
the
potential
of
it
is
for
the
future.
D
With
that
in
mind,
my
question
is
in
the
area
of,
I
think,
maybe
the
expanded
reach
of
the
program
and
director
brown
you
mentioned
that
this
is
not
connected
to
the
proposed
innovation
zone,
so
you
cleared
that
up
for
me,
but
what
I
am
curious
about
is
if
that
innovation
zone
were
to
exist,
would
these
startups
that
are
associated
with
that
be
able
to
access
support
from
the
grants
within
this
program,
and
if
the
yeah
I
mean,
that's
the
that's
pretty
much.
My
question.
E
Thank
you,
madeline,
chair
members
of
the
committee.
That's
a
very
good
question.
The
one
thing
I
want
to
put
on
the
record
today
is,
I
actually
don't
have
a
phd,
and
I
think
some
people
would
call
me
doctor
today.
So
with
this
distinguished
panel,
I
want
to
get
that
on
the
record.
I
stopped
with
an
mba.
E
Secondly,
the
intention
of
this
is
really
nevada.
Is
is
becoming
a
place
for
these
very
small
startup
companies,
these
very
small
one,
two-person
kind
of
companies,
kind
of
things
that
would
start
in
a
garage.
You
know
seed
companies.
Companies
are
on
the
verge
of
trying
to
seek
public
capital
for
their
projects.
E
In
fact,
today
I
just
tweeted
out
one
of
the
one
of
the
states,
one
of
the
what
someone
had
done-
an
analysis
of
the
states
and
said
that
nevada
and
florida
were
great
places
for
startup
companies
and
gave
us
credit
for
this
area.
But
the
intention
is
really
these
very
small
micro
businesses
that
are
attempting
to
partner
with
academic
institutions
and
and
get
get
their
start
and
carson
has
experience
in
this
area,
and
I'm
sure
many
of
our
folks
here
have
experience
much
more
than
I
coming
from
an
old
wine
industry.
I
There's
carson
heiser
for
the
record,
also
without
a
phd
but
two
master's
degrees.
So
I
did
some
time
at
universities
to
your
question.
Assemblyman
innovation
zones.
Innovation
districts-
cannot
thrive
without
startups
without
educational
research
institutions,
they
are
part
of
the
assets
that
you
know
form
in.
You
know
systems
I
alluded
to
that
through
that
term
earlier,
so
we
are
with
the
encouragement
that
we
are
giving
through
through
the
reformed
knowledge
funds,
the
nevada
innovation
fund
to
help
especially
the
very
early
stage
companies
as
director
bond
indicated.
I
So
these
are
companies
which
probably
have
less
than
50
employees.
Far
less
than
50
employees
have
less
than
1
million
in
revenue.
Probably
only
you
know
raised
less
than
10
million
in
capital
very
early
stage.
They
are
encouraged
to
to
work
with
the
universities
to
solve
their
their
technology
problems,
so
that
would
be
open
to
to
any
company
in
the
state.
A
Thank
you,
and-
and
can
I
just
jump
in
and
ask
there
was
mention
made
of
this
being
about
small
businesses,
but
the
definition
of
private
entity
in
section
one
sub
two
doesn't
mention
small
businesses,
so
is
that
going
to
be
part
of
the
amendment
kind
of
clearing
that
up
that
that
this
is
geared
towards
small
businesses.
E
Michael
brown,
director
go
ed
for
the
record.
The
intention
originally
was
to
do
that
in
the
grant
making
process
to
define
that.
But
if
the
committee
wishes
we
can,
we
can
narrow
that
and
place
it
into
legislation,
specifically,
unfortunately,
there's
multiple
definitions
of
what
constitutes
a
small
business
and,
for
example,
for
the
purpose
of
the
pets
program
that
treasurer
conan
and
I
used.
We
did
not
use
the
federal
definition.
E
We
use
the
50
and
50
employees
and
under,
but
if,
if
the
committee
wishes,
we
can
work
on
language
that
would
define
that
the
original
intention
was,
as
part
of
the
grant
process,
was
to
develop
it
there
I'll.
Let
my
colleague
carson
amplify
on
that.
I
This
carson
heiser
for
the
record,
there's
not
much
to
add
to
this
as
it
sums
it
up.
I
would
just
caution
when
to
define
it
once
it's
in
the
bill.
Once
it's
passed
in
edges
into
legislation,
it
will
stay
there
for
a
long
time.
I
So
if
you
restrict
that
specificity
to
say
the
number
of
employees,
that
would
probably
be
lasting
if
you
are
getting
really
into
detail
and
classify
it
through.
You
know
with,
for
example,
annual
revenue
or
capital
raised
that
could
change
over
time,
and
then
it
would
get
tricky.
So
I'm
just
throwing
that
out
as
a
word
of
caution,
but
certainly,
as
the
director
said
we
are,
we
are
happy
to
amend
that
full
size
wise,
for
example,
as
far
as
employees
are
concerned,.
A
Okay,
thank
you
and
then
with
that
I
have
a
question
from
vice
chair
benitez
thompson.
J
Thank
you
so
much
chair
cohen.
I
appreciate
that
and
thank
you
so
much
for
the
presentation
and
for
all
the
presenters
you
have.
I
know
they're
incredibly
busy,
so
I
appreciate
them
taking
their
time
to
talk
to
us
about
this
so
mike.
My
question
is
I've
got
a
question
on
section
three
and
so
within
section
three
on
line
27,
any
commercialization
revenue
received
by
the
officer.
J
Pursuant
to
such
an
agreement
must
be
deposited
into
this
new
account,
a
cr
account
created
by
the
nrs,
except
that
any
and
then
the
new
language
is
except
that
any
commercialization
revenue
received
in
the
form
of
stock
and
all
of
that
and
goes
to
the
nonprofit.
So
I
have
two
questions
so
one
when
you
refer
to
the
nonprofit
is
that
the
battleborn
adventure
nonprofit
or
will
there
be
a
new
one?
It's
a
battleborn.
I
see
a
head
nod.
Okay!
Thank
you.
I
appreciate
that.
J
J
I
recall
we
had
a
conversation
with
that.
That
same
example
was
shared
with
us
in
this
committee.
Contemplating
this
legislation
and
I'll
I'll
bring
up
a
point
now
that
we
talked
about,
then,
which
was
florida,
the
state
of
florida
did
retain
royalty
fees
and
so
their
general
fund
received
money
back
from
these
investments.
J
I
did
a
quick
internet
search
and
I
could
I
could
have
anyone
correct
me
if
I'm
incorrect,
but
it
was
about
20
of
the
cut
of
royalty
fees
and
150
million
dollars
into
general
funds
over
the
years,
and
I
guess
one
thing
that
I've
always
looked
for
and
I
still
continue
to
look
for,
especially
as
we're
kind
of
looking
at
the
program
and
where
it's
been
over
the
years.
J
Is
that
direct
connection
to
how
economic
development
grows
the
general
fund,
because
but
for
dollars
landing
in
our
general
fund,
we
don't
have
dollars
to
appropriate
to
education
or
back
to
universities
or
to
health
and
human
services.
And
so
I
guess
I'm
wondering
when
when
was
there
contemplation
about
removing
this
language,
about
the
royalty
fees
and
in
fact
allowing
the
state
to
find
a
way
to
have
a
more
reciprocal
relationship?
So
it's
not
just
an
outward
flow
of
general
dollars
out
through
appropriation,
but
there
could
be
an
actual
inward
flow
of
dollars
as
well.
E
H
Chair
thompson,
little
got
him
for
the
record,
vice
president
for
research
and
innovation.
So
I
came
here
in
2013
october
2013
from
west
virginia.
There
was
no
way
that
university
faculty.
So
when
they
have
a
the
developer
technology
they
can
either
license
it
or
outright
sell
it
or
they
get
royalties
on
that
or
they
get
equity.
Usually,
nowadays
you
get
equity.
When
the
company
becomes
big,
it
gets
sold.
H
The
universities
in
the
state
cannot
hold
equity,
which
means
you
cannot
negotiate,
which
means
a
whole.
A
swath
of
negotiation
on
technology
was
was
impossible.
So
when
I
came
at
13,
we
had
done
this
earlier.
We
started
nevada
research.
Innovation
corporation
took
three
years
to
happen
because
a
new
concept,
so
today
we
have
a
51c3
which
is
separately
located.
It's
a
supported
organization
under
the
501c3,
the
irs
code,
and
we
can
now
assign
technologies
to
this
corporation
and
that
corporation
can
now
either
licensed
technologies
or
equity.
Do
anything.
Equity
is
a
major
component.
H
That's
one
big
thing.
On
the
transaction
side,
the
other
was
the
culture,
otherwise
the
ecosystem.
There
was
no
ecosystem
existing.
You
can
have
a
faculty
member
who
goes
out
and
looks
for
early
see
early
stage,
seed
funding,
which
is
what
they
need,
and
if
we
can
help
them
develop
a
technology
and
they
can
get
to
the
point
where
somebody
likes
it,
but
a
thing
on
a
research
bench
has
no
value.
Somebody
has
to
develop
that.
That
means
you
have
to
have
a
buyer,
a
ceo
who
comes
in
with
managers
as
faculty
members.
H
You
know
people
like
me:
we
we
know
how
to
turn
screws
and-
and
you
know,
write
equations.
Don't
trust
me
to
to
develop
a
company?
I
need
somebody
with
a
business
sense.
Those
are
kind
of
things
we
shouldn't
exist.
Knowledge
fund
is
now
in
reno.
We
had
no
seat
fund.
Today
we
have
five
or
six
at
the
start
of
the
past
five
years.
These
are
innovation,
funds
that
fund
little
companies
with
one
or
two
people
that
grow
into
5
10
15
20.,
so
the
ecosystem
wasn't
there.
The
knowledge
fund
is
create
the
ecosystem.
H
Now
people
come
up
with
patterns,
we
can
we
can
mentor
them.
We
can
link
them
up
with
with
investors.
We
can
link
them
up
with
ceos.
We
can
link
them
up
to
people
who
can
market
their
technologies.
So
you
know
I
really
thank
this.
The
the
the
vision-
and
there
were
things
which
may
have
been
there
before
I
came
in
11.,
I
tell
you-
the
seeds
were
sold
and
and
over
the
past
six
seven,
eight
nine
ten
years.
H
We
are
to
the
point
where
utah
was
15
20
years
ago
and
we're
at
a
point
where
our
faculty
now
want
to
open
companies,
and
we
have
to
tell
them
to
calm
down
we'll
get
you
a
ceo
and
we'll
get
the
funding
for
you
that
culture
just
wasn't
there.
We
have
ecosystem
now,
thanks
to
knowledge
fund.
So
the
question
about
royalties
is
only
one
part
of
it.
I
think
there
are
several
things
which
go
on.
Equity
goes
on
new
companies
coming
to
the
region
that
matters
they
work
with
our
people.
H
They
have
spouses
who
are
just
as
motivated
so
it's
an
entirety,
the
gamut
of
things
that
is
happening,
that's
creating
108
million
dollars
worth
of
venture
capital,
490
jobs
or
new
startup
companies
which
wasn't
there
earlier.
That
is
economic
development,
jobs
and
wealth
wealth.
I
don't
mean
millions
of
dollars
wealth.
I
mean
that
I
can
take
care
of
my
kids.
I
can
take
care
of
my
my
kids
winter
clothing
and
that's
what
I
mean.
J
But
we
don't
see
a
growth
in
general
fund
and
in
fact
we
do
see
shrinkage
of
our
state
government
our
inability
to
hire
new
employees
or
are
having
to
keep
positions
vacant
when
in
the
state
of
nevada,
when
the
economy
otherwise
was
going
gangbusters.
So
I
guess
I
I
would
love
the
consideration
for
us.
We
think
about
these
programs
just
to
know
that
there
is
that
conversation
going
on
of
why
not
royalty
fees?
Why
not
a
way
for
nevada
to
see
in
a
much
more
direct
way,
a
much
more
direct
legal
nexus?
J
A
Thank
you
with
that.
We
have
a
question
by
assemblywoman.
B
Thank
you.
Thank
you,
chair
cohen,
so
my
question
actually
has
more
to
do
with
the
grant
and
how
exactly
that
is
being
considered.
It
has
to
do
with
section
two
subsection:
five,
where
it
lines
out
exactly
who
can
be
part
of
the
individual.
The
groups
that
are
applying
can
a
private
business
partner
with
one
of
our
community
colleges
and
the
idea
of
becoming
innovative
and
allowing
some
of
our
other
institutes
during
under
the
nevada
system
of
higher
ed,
also
apply
for
these
grants.
E
Michael
brown,
for
the
record,
let
me
turn
to
my
colleague,
carson.
I
Yes,
carson
heights
for
the
record.
Thank
you
for
the
question.
So
the
answer
to
that
prior
to
our
meetings
earlier
this
week
would
have
been
yes
now
we
are
amending
or
the
proposal
is
to
amend
the
language
for
private
entities
to
link
only
to
the
section
of
the
technology
outreach
program.
I
I
The
answer
to
the
question
of
who
would
be
judging
it
a
very
similar
to
how
we
are
currently
already
evaluating
proposals
by
the
universities
internally
at
goet.
However,
depending
on
the
ground
program,
you
want
to
bring
in
experts
eternal
externally
as
well.
As
you
know,
it
would
fit
the
ground
program
just
to
give
you
an
example,
what
other
states
are
doing?
I
Some
other
states
actually
outsourcing
this
really
to
experts
in
the
field
nationwide,
but
then
these
are
programs
that
are
you
know,
multi-tens
of
bill
of
millions,
so
it
would,
it
would
depend
if
we
have
here
one
of
the
ground
program
that
should
this
pass.
I
We
would
immediately
implement
is
the
sbr
matching
program
and
there
I
would
bring
in,
in
addition
to
to
academic
experts
in
the
technology
area,
also
experts
from
the
from
from
the
private
sector
that
help
these
startups,
for
example,
support
organizations
like
like
startup.
Indeed,
for
example,.
B
Thank
you
for
that
clarification.
I
I
do
I'm
looking
forward
to
reading
the
amendment,
because
I
do
think
it's
very
important
for
in
the
idea
of
innovations
that
we
also
look
beyond
simply
the
universities
and
dri
for
ways
for
us
to
partner
in
our
community
colleges.
So
thank
you
very
much
for
that
information
and
thank
you,
chair.
K
Thanks,
madam
chair,
actually
I
may
have
a
couple
questions
because
I'm
confused,
I
I
agree
with,
or
I
want
to
support
our
vice
chair's
comment-
that
the
university
should
receive
some
benefits
and
royalties
on
these
programs.
We
set
up
and
also,
we
should
always
remember
our
community
colleges
and
because
they
really
develop
jobs
for
nevada
and
businesses
on
the
blue
collar
level.
K
But
I
heard
you
say
this
will
not
earlier
said
this
will
not
go
to
businesses
in
this
innovation
zone,
that's
being
discussed,
but
then
I
heard
mr
carson
say
that
it
would
go
those
businesses
could
qualify,
which
is
by
one
point.
I
need
qualify
or
clarified
and
the
second
part
is:
you
talked
about
20
the
amendment
coming
as
I
read
where
here,
particularly
in
section
four
on
several
levels.
It
says
that
a
private
entity
alone
could
qualify
for
this
money
without
partnering
with
the
university
at
all.
K
And
I
wonder:
should
university
funds
go
to
support
private
entities
or
should
the
university
be
the
leadership
and
then,
if
they
want
a
partner
it
can
partner
with
a
private
company?
The
university
should
come
first,
not
the
entity.
It
reads
right
in
here
a
private
entity
or,
and
it's
the
war
that
bothers
me.
So
the
two
parts
is
clarify
about
companies
in
this
discussed
innovation
zone
and
then
that
one
part
about
war.
E
Michael
brown,
for
the
record,
let
me
try
to
handle
that
question
first,
is
that
this
was
developed
separate
from
the
discussions
on
the
innovation
cell.
So
even
though
the
word
innovation
is
used
in
both
they're,
two
separate
initiatives
has
not
been
a
nexus.
E
However,
if
the
innovation
zone
would
come
to
pass,
and
you
would
start
to
build
an
innovation,
entrepreneurial
economy
there,
and
you
had
companies
that
met
the
criteria
to
participate
in
something
like
this,
then
yes,
they
would
be
eligible,
but
there's
no
direct
linkage
sentiment
between
the
proposed
innovation
zone
and
the
proposed
update
of
the
knowledge
fund
through
ab29.
E
Me
ask
you
know
michael
brown
again
for
the
record.
Innovation
is
something
that's
constantly
moving
constantly
changing
and
I'll.
Let
karsten
address
the
thinking
in
this
area,
but
certainly
I
know
that
we're
we
are
just
seeing
a
whole
host
of
very
small,
tiny
startups,
come
to
nevada
attempting
to
make
this
their
home
and
I'll.
Let
karsten
address
that.
I
Yes,
thank
you,
it's
carsonizer
for
the
record,
so
let
me
just
take
one
step
back
prior
to
the
discussions
we
had
with
the
research
institutions
this
week.
That
is
the
language
that
you
assemblyman,
o'neill
are
currently
referring
to,
where
it
says
private
entity
or
and
then
enlist
the
other
options.
I
If
there
is
a
early
stage,
a
technology
based
startup
that
needs
help
with
prototyping
that
helps
need,
with
validation
of
their
technologies,
to
build
the
minimum
viable
product
to
help
with
testing
in
labs,
for
example,
that
in
specific
technology
areas
that
we
want
to
foster
in
this
state,
they
would
become
illegible.
So
this
is
not.
It
was
never
intended
to
be
corporate
welfare
for
large
corporations,
but
only
for
these
really
tiny
startups.
I
Now
this
week
we
have
agreed
with
the
universities
to
change
that
language,
which
you
see
in
the
section
line,
10
where
it
says
private
entities
or
to
private
entities,
as
described
in
the
technology
outreach
program
section
of
this
bill.
So
in
this
section
the
only
private
entities
left
would
be,
for
example,
entrepreneurial
support
organization
organizations
that
provide
mentorship
or
entrepreneurial
training,
or
that
would
help
with
the
or
would
work
with
the
universities
to
identify
technologies
and
take
them
to
market
or
within
the
sbr
matching
program.
I
It
would
be
a
legible,
a
private
company
that
got
awarded
a
phase,
one
sbir
grant
from
the
federal
government,
and
we
would
match
up
to
a
hundred
thousand
dollars
now,
usually
that's
the
requirement
of
an
sbi
art
grant
they
this
companies,
these
technology
companies
have
to
work
with
faculty
members
at
universities.
I
We
still
want
them
to
be
included
in
here
as
well,
because
we
have
an
interest
to
help
these
startups
grow.
So
that
is
the
only
only
exception
here
where
it
would
go
directly
and
100
to
a
private.
K
I
company
say
I
appreciate
your
response,
but
I
would
feel
much
more
comfortable
if
we
said,
and
instead
of
or
to
me,
it
leaves
too
much
for
a
future
interpretation
outside
of
2021
I'd
like
the
universities,
the
colleges,
their
money
to
be
included
for
them.
A
Thank
you.
I
have
some
more
questions,
but
I
think
I'm
gonna
wait
until
we
see
the
amendment
because
they
might
be
taken
care
of
in
the
amendment.
Does
anyone
else
on
the
committee
have
any
questions.
A
Okay,
I'm
sorry,
I
saw
assemblyman
miller
and
assemblywoman
kasama.
Did
you
raise
your
hand.
B
Unmute
myself,
no,
I
was
just.
I
was
just
agreeing
with
the
carson
that
I
think,
if
you
put
too
much
detail
into
the
statute,
it
would
make
it
difficult
for
it
to
be
flexible
enough,
and
so
I
thought
keeping
keeping
it
in
the
regulations
for
the
grant
program
made
sense.
I
was
just
in
agreement
with
that.
A
Okay,
thank
you.
Assemblyman
miller,
you
had
your
hands
up.
D
Yes,
just
a
quick
question:
thank
you,
chair
in
regards
to
the
grant
programs
and
their.
I
guess
diversity.
Are
there
any
diversity,
requirements
or
diversity
markers
that
indicate?
You
know
that
kind
of
give
more
diverse,
startups
or
more
diverse
entities,
a
higher
priority.
E
Michael
brown,
director
go
ed
for
the
record.
I
don't
believe
there
is,
but
that's
something
that
let
us
take
a
look
at.
Let
me
see
nationals,
I
don't
know
how
the
national
science
foundation
and
some
of
the
federal
agencies
do
these
things.
But
let
us
take
a
look
at
that.
This
input's
been
exceptionally
helpful.
You
know
when
you're
updating
something
after
10
years.
E
G
Response,
thank
you,
chair
khan.
It's
dr
bill
bernhardt
from
unlv,
and
I
can
attest
once
more
at
blackfire
innovation
hub,
which
now
exists
because
of
the
knowledge
fund.
G
We
do
programs
like
battleborn
girls,
innovate
which
go
into
the
junior
highs
and
create
robotics
programs.
Our
young
executive
scholars
program
is
a
las
vegas
sized
upward
bound
program
and
our
university-based
programs
taking
advantage
of
and
leveraging
our
status
as
according
to
us
news
and
world
report.
The
second
most
diverse
campus
in
the
nation
has
just
been
an
inspiring
success
that
now
lives
at
blackfire
innovation,
so
assemblyman
miller.
We
share
your
interest
in
in
this
in
and
and
support
it
through
blackfire.
D
Thank
you.
Thank
you
all.
Thank
you
chair
for
the
time.
Thank
you
for
the
answer.
I
would
love
to
see
more.
You
know
in
the
amendment
or
whatever
that
actually
deals
with
diversity
when
it
comes
to
the
granting
process.
So
thank
you
all.
H
So,
madam
chair
doctor,
I'm
little
daughter
for
the
record
so
assemblyman
miller.
We
do
have
programs,
for
example,
in
a
venture
fund
which
got
resources
from
the
knowledge
fund.
A
lot
of
that
money
went
to
minorities
and
women.
Those
are
small
funds,
so
it's
a
proof
of
concept,
the
only
proof
of
concept
fun
in
nevada
and
quite
successful,
but
not
when
we
ran
out
of
money.
H
During
the
last
year,
we've
had
several
series:
the
black
business
forum,
for
example,
on
august
5th.
Last
year
we
had
that
there
was
alternate
financing
for
startups,
which
was
most
of
panel.
War
were
from
from
by
far
community
the
future
of
e-commerce,
which
are
all
women's
ceo
panel.
By
the
way,
so
we
have
focused
on
on
socially
responsible
investments
in
our
in
our
you
know,
seed
funding-
and
you
know
the
thing
about
these
small
funds.
Is
they
they're
not
at
a
point
where
they
can
give
you
loyalty?
H
So
we
get
equity.
So
we
have
equity
in
these
companies.
If
they
were
to
grow
big
and
sell
their
money
will
come
back,
go
back
to
the
state,
but
right
now
in
this
region
in
the
state,
the
the
ecosystems
are
such
that
they're
still
developing
and
the
companies
aren't
mature
enough
to
be
sold
or
sell
their
products
to
bring
the
resources.
H
So,
yes,
our
goal
is
to
help
across
the
board
buy
for
communities,
students
who
are
first
generation
low
income.
I
provide
them
with
resources
and
opportunities
more
important.
A
Thank
you.
Thank
you
with
that.
We
are
going
to
have
to
go
in
a
few
minutes,
but
let's
see
if
we
can
get
the
support
taken
care
of.
So
if
that's
everyone,
you
have
director
brown
to
speak,
we'll
move
on
to
support.
E
Madam
chair,
this
has
been
an
exceptionally
helpful
committee
hearing
we've
gotten
a
lot
of
very
good
ideas.
What
I'd
like
to
do
is
go
back
with
my
team
and
go
back
to
our
ng
partners
and
have
a
discussion
about
some
of
the
issues
raised
and
we'll
work
on
an
amendment
to
bring
forward
for
the
committee
to
consider.
A
Okay,
you
so
does
that
mean
you
are
requesting
not
to
hear
from
support
or.
E
A
Okay,
so
bps,
please,
let's
move
on
to
support.
Actually,
madam,
oh
I'm
I'm
sorry
go
ahead.
Vice
chair.
J
I
just
had
one
question:
it's
a
technical
clarification.
I
just
want
to
make
sure
I
understood
something
I
did
if,
but
if
I
didn't
know,
if
there
would
be
a
chance
to
ask
questions
on
another
on
the
section
of
the
bill
or
if
you
wanted
to
go
into
support,
support
and
end
the
question,
so
I
go
ahead.
J
Okay,
it's
real,
quick,
and
so
just
for
the
record
section,
one,
the
technology,
readiness
level
and
it
looks
like
it's
gonna,
be
tiered
because
I
later
say
a
reference
to
like
a
level
three
in
later
in
section
two.
So
I
guess
are,
though,
would
those
be
akin
to
the
levels
that
we
see
with
the
battleborn
venture
nonprofit,
how
they
kind
of
use
a
typology
to
reference
different
businesses?
Or
would
this
be
a
new
framework
that
would
be
set
up.
I
And
mrs
carson
has
a
further
record
now.
This
is
actually
the
federal
government's
tier.
It
was
originally
comes
out
of
nasa
and
they
are
tiering
running
from
one
to
nine
and
three
is
about
the
prototyping
stage,
where
you
demonstrated
the
validity
of
a
technology
within
a
lab,
but
not
yet
outside
the
lab,
and
the
rationale
for
this
was
to
get
closer
the
technologies
to
market.
This
is
why
we
put
in
the
technology
readiness
level
three
four
projects
to
be
funded
at
the
universities.
J
I
I
A
Thank
you
so
with
that
we're
going
to
go
to
support
a
reminder
to
anyone
in
support
that
we
are
limiting
testimony
to
two
minutes.
We
will
be
timing
and,
unfortunately,
because
of
our
120
day
session,
you
know.
Sometimes
we
have
to
jump
in
and
out
of
things,
and
so
we
will
be
going
to
floor
in
just
a
few
minutes.
We'll
try
to
get
in
as
much
of
support
as
we
can.
We
will
be
back
after
floor
for
the
remainder
of
support,
opposition
and
neutral
and
for
public
comment.
A
So
would
that
be?
Please
go
ahead.
L
L
C
I
am
co-founder
and
executive
director
of
startup
nv,
a
non-profit
business,
statewide
business,
incubator
and
startup
accelerator.
We're
deeply
engaged
on
a
daily
basis
in
the
startup
ecosystem
throughout
the
state.
I
also
happen
to
teach
engineering,
461,
high
tech
entrepreneurship
at
unr.
It's
a
class
where
we
use
university
case
studies
to
inspire
engineering
students
to
create
and
build
startups
from
university
developed
technologies,
as
well
as
the
technologies
and
ideas
they
develop
on
their
own.
C
The
main
assignment
in
the
class
is
to
go
to
unrip
catalog,
find
a
technology
worth
creating
a
business
of
create
the
business
and
pitch
it
to
local
investors.
It's
inspiring
to
work
with
entrepreneurs
throughout
the
state,
building
their
businesses
and
helping
them
to
raise
capital
to
grow
and
to
work
with
our
university
students
to
develop
their
ideas
and
the
university
ips
into
businesses.
So
it's
with
this
combined
private
and
personal
university
experience
that
I
offer
my
support
for
ab29.
C
I
believe
that
goed
should
have
the
flexibility
to
invest
in
both
university
and
privately
developed
ip
that
can
become
successful.
Businesses
grow,
raise
additional
capital
and
return
multiples
on
that
capital.
Like
you've
all
talked
about
director
brown
and
his
colleagues
have
the
exposure
and
the
wisdom
to
make
good
decisions
about
not
only
what
to
invest
in,
but
at
what
stage,
because
having
the
idea
or
developing
the
technology
is
only
the
first
step.
Investment
is
needed
in
the
steps
that
follow
to
develop
that
tech
into
a
real
business
and
those
stages
require
investment
too.
C
Some
of
that
investment
will
be
through
our
university
system
and
some
will
be
out
of
that
in
the
private
organizations.
Go
ed's
uniquely
positioned
to
make
those
calls
and
should
have
the
flexibility
and
authority
to
make
those
investment
decisions
that
will
have
the
best
returns
on
capital,
with
transparency
and
oversight
from
this
body
and
others.
I
believe
ab29
will
provide
that,
which
is
why
I
support
it.
Thank
you
for
your
time
and
for
letting
me
state
my
opinion.
L
L
B
Hi,
this
is
kathy
flanagan,
kathy,
k-a-t-h-y,
flanagan
f-l-a-n-a-g-a-n
good
evening,
kirk,
cohen
and
committee
members,
for
the
record.
I
represent
the
southern
nevada
water
authority
and
we're
in
support
of
this
bill,
as
programs
like
the
knowledge
fund,
have
helped
launch
important
innovations
such
as
the
water
start
program.
Thank
you
very
much
for
your
time.
A
Thank
you
and
the
next
person
bps.
L
C
Yeah,
for
the
record,
my
name
is
joshua
levitt,
that's
spelled
j-o-s-h-u-a
last
name's
levitt,
l-e-a-v-I-t-t
good
evening,
chair
cohen,
and
members
of
the
committee
on
revenue,
I'm
representing
the
society
for
information
management,
las
vegas
chapter,
a
we're,
an
organization
of
technology,
executives,
industry
leaders,
educators
and
entrepreneurs
throughout
southern
nevada.
C
San
las
vegas
highly
supports
ab29.
We
believe
the
bill
will
evolve.
The
purpose
of
the
knowledge
account
to
better
align
and
support
local
entrepreneur
ecosystems
by
providing
further
means
for
aspiring
entrepreneurs
to
work
with
research
institutions
to
create
and
patent
intellectual
property,
raise
capital,
recruit
talent,
design,
scalability
and
bring
products
to
market.
C
A
A
Around
6
30,
but
I
can't
guarantee
that
if
you
don't
want
to
wait,
please
feel
free
to
send
in
your
your
testimony
in
writing
and
we
will
post
it
and
make
sure
that
the
committee
members
see
it.
But
for
now
we
are
in
recess.
Thank.
A
A
Ready
to
call
the
meeting
hey,
thank
you
we're
going
to
call
this
meeting
back
to
order
and
continue
with
testimony
and
support.
If
there's
anyone
else
on
the
line,
please
go
ahead
and
put
them
through.
L
L
C
Good
evening,
madam
chair
and
committee
members,
my
name
is
jonas
peterson,
I'm
the
president
and
ceo
with
the
las
vegas
global
economic
alliance.
I
want
to
show
that
lvgea
is
in
full
support
of
ab29
and
the
renaming
rebranding
of
the
knowledge
fund
to
the
innovation
fund
as
a
regional
development
authority
for
southern
nevada.
Our
mission
is
to
grow
the
economy
through
economic
diversification.
C
The
knowledge
fund
has
had
so
many
highly
successful
examples,
one
in
particular
that
our
team
has
been
intimately
involved
with
is
water
start,
which
has
helped
solve
some
of
our
most
challenging
water
issues,
but
also
helped
us
recruit
new
water.
Related
companies
throughout
the
state
been
a
great
success
and
there's
many
more
examples.
C
L
L
C
Chair
cohen
members
of
the
committee,
my
name
is
anthony
ruiz
a-n-t-h-o-n-y
r-u-I-z,
I'm
the
senior
advisor
of
government
and
community
relations
with
the
mountain
state
college
united
states
college
is
in
full
support
of
ab29
to
help
support,
nevada's
innovation
economy.
I'd
also
just
add
that
I
appreciate
the
collaboration
on
this
bill
by
director
brown
and
his
team
at
goeth.
Thank
you.
A
Thank
you,
mr
ruiz.
Is
there
anyone
else
in
support.
L
M
M
M
Besides
the
return
that
I'm
presenting,
I
believe
it
is
clear
that
the
knowledge
fund
has
produced
an
impact
in
the
region
through
research,
development
and
innovation,
and
your
continued
support
of
the
knowledge
fund
will
continue
to
make
a
difference
for
nevada.
Thank
you
for
allowing
me
to
present.
L
L
N
We
received
our
startup
fund
in
2015,
with
the
knowledge
account
grant
to
the
desert
research
institute,
who
acted
as
our
parent
company,
and
with
this
support,
our
membership
quickly
grew
to
include
the
largest
water
agencies
and
consumers
from
across
the
state
of
nevada.
N
Today,
water
start
has
roughly
received
just
over
four
million
dollars
in
knowledge
account
funds.
These
funds
have
been
directly
matched
with
another
3.4
million
from
our
members
and
another,
roughly
million
dollars
from
additional
grants
that
we've
received
the
results
from
the
program
and
the
work
that
waterstart
has
done
in
the
state.
We've
delivered
34
pilot
projects
addressing
needs
around
water
innovation
in
the
state.
N
Eight
of
those
partnerships
were
created
between
tech
companies
and
universities.
In
dri,
we've
attracted
16
of
those
tech
companies
to
the
state
they
are
projecting
to
employ
139
new
jobs.
Currently
21
people
are
employed
by
these
companies
as
a
result
of
this
funding
contracting
than
an
additional
three
local
manufacturers
in
henderson.
N
We're
calling
in
today
to
support
the
changes
to
the
knowledge
fund
to
give
the
governor's
office
of
economic
development
additional
flexibility
to
support
programs
like
ours
that
are
innovative
and
not
only
have
a
significant
economic
development
impact,
but
can
also
address
significant
challenges
to
water.
That's
another
limiting
factor
on
our
economy.
A
Thank
you,
sir,
and
we'll
take
the
next
person
in
support.
L
A
Okay,
then,
let's
move
on
to
neutral.
A
All
right
with
that
again,
I
will
remind
anyone
who's
watching,
wasn't
able
to
get
through
or
maybe
watches
later
feel
free
to
send
in
any
comments
as
exhibits
in
the
meantime,
director
brown.
Would
you
like
to
make
any
closing
statement.
E
Thank
you,
madam
chair
members
of
the
committee,
thank
you
for
the
opportunity
today
and
to
present
these
these
wonderful
experts
and
great
great
leaders
in
nevada
during
the
recess
it
occurred
to
me.
The
question
was
raised
about
community
colleges
and
I
should
have
stated
that
go
at
carsten
who
leads
our
knowledge
fund
and
leads
the
efforts
with
the
research
universities.
E
We
have
another
person,
stacy
bostwick
on
our
staff,
who
leads
the
workforce.
Innovation
work
with
a
separate
fund,
the
wind
fund
and
and
and
works
directly
with
the
community
colleges
on
partnership
programs
there
and
they
kind
of
operate
in
tandem
and
then,
and
then
chancellor
rose,
has
expanded.
The
university
president's
meeting
now
to
include
the
community
college
presidents
and
stacey
bostwick
so
that
we
have
a
holistic
approach
to
this,
and
so
I
should
have
mentioned
that
we
basically
have
kind
of
two
programs
serving
serving
those
two
different
target
markets.
E
That
would
give
those
applications
a
priority
over
other
applications.
But
I'd
like
some
time
to
kind
of
talk
to
my
nc
partners
about
that,
but
we
could
memorialize
it
then,
for
the
record
going
forward
and
on
the
issue
of
of
general
fund
revenues.
This
is
vaccine
for
me.
I
wasn't
around.
I
wasn't
engaged
in
these
matters,
then
I
did
have
a
chance.
I
looked
back
in
2013
and
chancellor
or
my
predecessor,
mr
hill
was
very
circumspect
when
this
program
was
launched.
E
He
was
very
cautious
about
over
this
and
and
he
said
that
it
would
take
many
years
for
these
things
to
incubate
and
develop.
But
his
focus
from
what
I
see
in
the
legislative
history
was
one
of
creating
jobs
and
creating
this
innovative
economy.
E
E
I
don't
have
knowledge
in
closing
I'd
like
to
consider
the
other
suggestions
that
were
made
by
the
committee
and
talked
to
inji
and
our
partners
over
the
weekend
and
circle
back
to
the
to
you,
madam
chair
next
week
and
jimmy
hum
and
michael
flores,
and
I
will
continue
to
finish
up
the
amendment
to
bring
to
the
committee.
E
Innovation
is
constantly
moving
when
the
knowledge
fund
was
created
in
2011
26
of
americans
who
had
a
mobile
phone
was.
It
was
a
blackberry
back
in
2011,
and
so
you
can
see
how
far
and
fast
we've
moved.
Just
since
that
era
and.
I
E
Appreciate
the
time
today,
this
is,
I
think
this
program
is
something
nevada
can
have
great
pride
in
and
an
incredible
academic
leaders
that
we
have
engaged
in
it.
So
thank
you
for
the
opportunity
today.
A
Thank
you,
and
we
certainly
look
forward
to
seeing
the
amendment
and
how
your
work
continues
on
this.
So
with
that,
I
will
close
the
meeting
on
29
and
open
the
bring
up
the
meeting
for
public
comment.
As
a
reminder,
public
comment
may
be
limited
based
on
participants.
A
Are
there
any
comments?
Do
we
have
anyone
on
the
line
for
public
comment.
L
L
L
A
You
do
we
have
any
members
of
the
committee
who
have
any
comments:
okay,
seeing
none
our
next
meeting
will
be
tuesday
march
9th
at
4
p.m.
I
anticipate
that
we'll
have
a
work
session.
So
look
for
that
and
that
concludes
our
meeting
for
today.
We
are
adjourned.
Thank.