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Small Business Support: Innovation Vouchers for Research and Development

This act establishes an Innovation Voucher Grant Program for small businesses, helping them access research, development, and commercialization services for new products. It aims to foster collaboration with research institutions, create jobs, and boost competitiveness. The program prioritizes businesses in underserved markets and those owned by disadvantaged groups.
Key points
Small businesses can receive grants from $15,000 to $75,000 for technical assistance and services related to innovation.
At least 40% of funds are set aside for businesses in underserved markets, rural areas, or those owned by veterans, women, or low-income individuals.
The program seeks to accelerate the development of innovative products and services, and create new jobs.
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Additional Information
Print number: 118_HR_3603
Sponsor: Rep. Crow, Jason [D-CO-6]
Process start date: 2023-05-23
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Business Innovation Voucher Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3603.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-23.

What are the main provisions?

Key points include:

  • Small businesses can receive grants from $15,000 to $75,000 for technical assistance and services related to innovation.
  • At least 40% of funds are set aside for businesses in underserved markets, rural areas, or those owned by veterans, women, or low-income individuals.
  • The program seeks to accelerate the development of innovative products and services, and create new jobs.
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 Rep. Crow, Jason [D-CO-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Public Investments