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Innovation Support: Faster Technology Commercialization

This act aims to help small businesses bring new technologies to market faster, potentially leading to innovative products and services. This could give citizens access to newer solutions and foster economic growth, creating new jobs and opportunities.
Key points
Faster Project Reviews: The review period for funding applications has been shortened from one year to 180 days, speeding up support for innovative ideas.
Increased Focus on Commercialization: Project evaluations will now consider not only scientific merit but also market potential. Commercialization experts will join review teams.
Financial Support for Business Development: Small businesses will receive more funds for business advice, patent protection, and hiring specialists, helping them turn ideas into ready products.
Easier Patent Acquisition: Companies developing innovative technologies can expect expedited patent application processing and legal assistance, protecting their ideas and facilitating commercialization.
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Additional Information
Print number: 117_S_3109
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2021-10-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Research Advancing to Market Production for Innovators Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3109.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-28.

What are the main provisions?

Key points include:

  • Faster Project Reviews: The review period for funding applications has been shortened from one year to 180 days, speeding up support for innovative ideas.
  • Increased Focus on Commercialization: Project evaluations will now consider not only scientific merit but also market potential. Commercialization experts will join review teams.
  • Financial Support for Business Development: Small businesses will receive more funds for business advice, patent protection, and hiring specialists, helping them turn ideas into ready products.
  • Easier Patent Acquisition: Companies developing innovative technologies can expect expedited patent application processing and legal assistance, protecting their ideas and facilitating commercialization.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Coons, Christopher A. [D-DE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Public Investments