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Adds a new subsection (bbb) "I-Corps participation" to section 9 of the Small Business Act requiring each Federal agency that is required to conduct an SBIR or STTR program with an I-Corps program to provide an option for award recipients to participate in an I-Corps teams course, authorize use of awards under subsection (q) for additional technical assistance for such participation, and specify allowable sources to cover participation costs.
Amends subsection 9(cc) of the Small Business Act to (1) specify application during fiscal years 2025–2027 and (2) add percentage limitations on the total value of awards under the subsection, including a 10% cap generally, a 30% cap for the National Institutes of Health, and an exception for the Department of Defense.
Makes targeted changes to the federal SBIR and STTR small business research programs to increase emphasis on commercialization. It shortens peer review timeframes, requires commercialization expertise in reviews, creates a Technology Commercialization Official at each participating agency, temporarily allows limited phase flexibility with agency-specific caps, expands allowable technical and business assistance (including I‑Corps participation and patent help), and requires new SBA commercialization reporting and metrics.
Referred to the Committee on Small Business, and in addition to the Committees on Science, Space, and Technology, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced May 7, 2025 by Christina Houlahan · Last progress May 7, 2025
