An Act relative to the student entrepreneurial and economic investment fund

This bill creates a new Student Entrepreneurial and Economic Investment Fund in Massachusetts to support students in developing early-stage business ideas within the state. The fund will be managed by a board that includes state officials and three student representatives from public universities and community colleges, who will review and select grant recipients based on submitted business plans. Grants from the fund are intended to help students develop prototypes for their projects, with rules ensuring that the resulting businesses remain in Massachusetts. The board must also hold public hearings for applicants and submit annual reports detailing its financial activities and outcomes to state leaders.