It’s taxpayer money, instead of “get rich quick” schemes the state should only require these research projects to pay back the original grant plus whatever interest is accrued on the bond supporting the grant. This is just one more reason why government should stay out of venture capital and more evidence that the stem cell initiative was a bad idea.
MercuryNews.com | 02/23/2007 | Senators seek bigger stem-cell royalties:
A bill expected to be introduced as early as today would require companies doing business with California’s $3 billion stem-cell institute to give the state a larger portion of their revenue than the institute has proposed.
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