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Boosting Innovation and Commercialization for Small Businesses

This act aims to help small businesses turn innovative ideas into market-ready products. It modifies support programs to increase commercial success rates and speed up patent processes, potentially leading to more new products and services for citizens.
Key points
Greater emphasis on commercial potential in project evaluations for funding, potentially accelerating market introduction of innovations.
Easier access to technical and business assistance for companies, including the ability to hire staff for commercialization activities.
Expedited patent procedures and legal support for small businesses, protecting their innovations and fostering growth.
Introduction of Technology Commercialization Officials in federal agencies to assist companies in transitioning from research to market products.
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Additional Information
Research Advancing to Market Production for Innovators Act
Print number: HR 652
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2021-02-01