Amends existing law to revise the provisions regarding the Governor's designation of the council chairman; to provide weighted consideration for Idaho industry partners for grants; and to further define and clarify the distribution of commercialization revenue.

Established in 2012, the Idaho Global Entrepreneurial Mission (IGEM) program was created to support commercialization partnerships between Idaho's three (3) research universities and private sectorcompanies. ThroughtheIGEMgrantprogram,theIGEMCouncilinvestsinthedevelopment of new businesses and supports Idaho's research facilities, creating new products, companies, and high-value jobs while increasing the research capacity of Idaho's universities. Several changes are necessary to clarify provisions within the existing IGEM statute. These changes include the removal of reference to the now defunct innovation license plate program and further clarifying the distribution of commercialization revenues, along with additional housekeeping changes.