An Act establishing the Alaska Innovation Council; and relating to financial disclosures for members of the Alaska Innovation Council.

HB 34 establishes the Alaska Innovation Council within the Department of Commerce, Community, and Economic Development to advance economic development through innovation. The council will have 19 members, including the governor (as chair), agency commissioners, five governor-appointed entrepreneurs with specific expertise (e.g., rural/urban startup ecosystems, angel investing, and Alaska Native business partnerships), two higher education representatives, and legislative members. The bill requires financial disclosures for all council members and sets terms, meetings (at least three times yearly), and voting rules for official action. It directly affects Alaska’s business ecosystem by creating a formal body to coordinate innovation efforts across government, education, and private sectors.