House Bill No. 5015, now Public Act No. 25-10, amends Section 22-82a of the general statutes to authorize the establishment of spin-off companies for employees of the Connecticut Agricultural Experiment Station (CAES). The bill clarifies the definitions of key terms such as "Station," "director," and "board," and outlines the rights and obligations of employees regarding inventions or discoveries made during their employment. Specifically, it stipulates that the CAES owns the rights to any inventions conceived during the course of an employee's duties or with the station's resources, and employees must disclose and assign these inventions to the station.

Additionally, the bill introduces new provisions allowing employees to serve on the board of directors of start-up companies that commercialize their inventions, provided that the CAES shares in any net proceeds from such ventures and there are no active disputes regarding the inventions. The board is tasked with establishing policies to ensure that these arrangements align with the rights of researchers at other public institutions and comply with legal and ethical standards. The bill also includes provisions for arbitration in case of disputes regarding inventions or employee obligations.

Statutes affected:
Committee Bill: 22-82a
ENV Joint Favorable: 22-82a
File No. 39: 22-82a
File No. 872: 22-82a
Public Act No. 25-10: 22-82a