Establishes the Alaska Innovation Council to promote economic development and competitiveness.
The Alaska Innovation Council is established within the Department of Commerce, Community, and Economic Development. The council advises on promoting research commercialization, investment in state research advantages, and stimulating seed and start-up capital investment. It prepares an annual innovation and economic competitiveness plan, including recommendations on industry strengths, business development, and entrepreneurship. The council consists of 19 members, including the governor, legislators, and representatives from various sectors.
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