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Support for Small Business Innovation and Commercialization

This act aims to help small businesses turn scientific ideas into market-ready products. It modifies innovation support programs to enable companies to bring their technologies to market faster, potentially leading to new products and job creation.
Key points
Businesses will have easier access to support for commercializing their inventions, including assistance with patent applications.
The evaluation of scientific projects will place greater emphasis on their market potential, not just their scientific merit.
Federal agencies must appoint specialists to help companies transition from research to product sales.
New rules for reporting commercial successes are introduced to better track how public funds support innovation.
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Expired
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Additional Information
Print number: 118_HR_3056
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2023-05-02