Requires the authority to collaborate with organizations with commercialization expertise such as the Spokane intercollegiate research and technology institute, the Washington technology center, and Washington manufacturing services, and contract with such organizations for the provision of technical assistance in commercialization as appropriate.

Allows the authority, upon the recommendation of the Washington economic development commission, to provide funding for the recruitment of life sciences researchers to public research institutions in the state who have a history of commercialization of new technologies.