Sending Office: Honorable Jason Crow
We invite you to become a cosponsor of the Small Business Innovation Voucher Act (H.R.5348). This bipartisan bill would establish an innovation voucher program at the Small Business Administration (SBA) which would allow small businesses to partner with
universities or research institutions to compete for grants that would facilitate public-private cooperation on research, development, and commercialization of new technologies.
American innovation continues to benefit from federal funding. The number of patents supported by federally funded research has almost doubled in the last decade alone. Federal research and development funding now supports approximately 30% of all new U.S.
patents each year.
Innovation vouchers provide businesses with small grants that allow them to “purchase” resources from research institutions to help with the research, development, and commercialization of new technologies. These programs are currently in place in over a
dozen nations, five U.S. states, and at the Department of Energy’s Energy Efficiency and Renewable Energy Office. However, the U.S. currently does not have a federal innovation voucher program for small businesses and research institutions.
This bill authorizes $10 million per year for 5 years to establish an innovation voucher program at the Small Business Administration. The SBA will then submit reports to Congress on the effectiveness of this program.
In evaluating applications for grants under the program, the SBA will consider the likelihood that the funds will be used to create a novel technology, the feasibility of creating such a technology, and whether this technology could be created without the
voucher. Priority will be given to small businesses owned by minorities, women, and veterans, as well as businesses in rural or underserved areas.
If you would like to become a cosponsor or have any additional questions regarding this legislation, please contact Santiago Gonzalez (Santiago.Gonzalez@mail.house.gov) in Rep. Jason Crow’s office or
Michael Maloof (Michael.Maloof@mail.house.gov) in Rep. Tim Burchett’s office.
Jason Crow, Member of Congress
Tim Burchett, Member of Congress
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