PROFS is pleased that a bipartisan group of legislators is working to introduce legislation (below) related to University of Wisconsin research contracts. Last year, PROFS assembled a small group of faculty who have created businesses to examine ways to encourage UW-Madison faculty to become more entrepreneurial.
The group, led by the late Mark Cook (Animal Science), also included Chemistry professor Robert Hamers and emeritus professor Rock Mackie (Medical Physics). The group identified the need to change state statutes that regulate how the university contracts with companies in which faculty or other university employees have a financial interest, noting current law is slow and cumbersome and ultimately leads to lost contracts.
PROFS wrote a statement calling for new legislation and worked with UW-Madison attorneys on statutory language. Former Senator Sheila Harsdorf (R-River Falls), chair of the Senate Committee on Universities and Technical Colleges and a member of the Joint Finance Committee, agreed have the bill drafted. PROFS also secured the support of UW-Madison Chancellor Rebecca Blank and UW System President Ray Cross.
Senators Dan Feyen (R-Fond du Lac) and Fred Risser (D-Madison) and Representatives David Murphy (R-Greenville) and Terese Berceau (D-Madison) have taken the lead on the bill and are encouraging their colleagues to support the legislation (below).
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