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Innovation Support: Faster Technology Commercialization for Businesses

This act aims to help small businesses and innovators bring new technologies to market more quickly. It shortens project evaluation times, increases financial support for business and technical advice, and creates new roles to assist companies with commercializing their inventions. This means citizens can benefit from innovative products and services sooner, and the economy gains from new technological developments.
Key points
Faster Project Evaluation: Project review times are cut from one year to 180 days, speeding up funding decisions for innovations.
Increased Business Support: More funds are available for business and technical assistance for small companies, aiding their development and product commercialization.
New Commercialization Officials: Federal agencies will designate Technology Commercialization Officials to guide companies from research to market.
Streamlined Patent Access: A prioritized patent examination program is established for companies in innovation support programs, accelerating intellectual property protection.
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Introduced
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Additional Information
Print number: 119_HR_3239
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2025-05-07