Bill > S1660

This bill, known as the Research Advancing to Market Production for Innovators Act, proposes several improvements to the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs to enhance technology commercialization. The bill introduces changes such as modifying peer review processes to include assessments of commercialization potential, requiring each participating federal agency to designate a Technology Commercialization Official to guide and support award recipients in bringing innovations to market. The legislation also expands technical and business assistance options for small businesses, allowing them to use funding for staff training, cybersecurity assistance, and intellectual property protection. Additionally, the bill provides more flexibility in phase funding for agencies, creates an option for award recipients to participate in I-Corps training programs, establishes a comprehensive commercialization impact assessment to track the long-term outcomes of funded research, and sets up a prioritized patent examination program in collaboration with the United States Patent and Trademark Office to help small businesses protect their intellectual property. These provisions aim to increase the likelihood of scientific innovations successfully transitioning from research to marketable products and services.

Business and Industry

https://www.congress.gov/bill/119th-congress/senate-bill/1660/all-info