Roleset modernize.01 Verbnet Class: NONE "make more up-to-date":

Roles:

Arg0:modernizer


Arg1:thing being modernized

Examples:

transitive (-)
At the same time, steelmakers are trying *trace* to invest more *trace* to modernize technology and make themselves more competitive.
Arg0:	*trace* -> *trace* -> steelmakers
REL:	modernize
Arg1:	technology

Seems to always occur in the infinitive, so be careful of where traces point to. An instrument arg is possible but I doubt it would actually appear.