S.1660 - Research Advancing to Market Production for Innovators Act (119th Congress)
Summary
S.1660, the "Research Advancing to Market Production for Innovators Act," aims to improve the commercialization activities within the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The bill focuses on enhancing the selection process, increasing phase flexibility, establishing technology commercialization officials, and improving technical and business assistance for small businesses. It also emphasizes participation in I-Corps programs and requires a commercialization impact assessment.
Expected Effects
The bill is likely to result in more effective use of SBIR and STTR funds by prioritizing projects with strong commercial potential. It will also provide small businesses with better resources and guidance to bring their innovations to market. The changes should streamline the application process and improve the overall impact of these programs on economic growth and innovation.
Potential Benefits
- Increased likelihood of successful commercialization of SBIR/STTR projects.
- Improved access to technical and business assistance for small businesses.
- Streamlined application processes and reduced administrative burdens.
- Enhanced coordination between federal agencies and small businesses.
- Greater accountability and transparency through commercialization impact assessments.
Most Benefited Areas:
Potential Disadvantages
- Potential for increased bureaucracy with the creation of new Technology Commercialization Official positions.
- Possible shift in focus away from high-risk, high-reward research projects that may not have immediate commercial potential.
- Increased reporting requirements for small businesses.
- Limited funding for Phase I technical assistance may not be sufficient for all projects.
- The 10-15% limitation on phase flexibility awards could restrict agencies' ability to support promising projects.
Constitutional Alignment
The bill appears to align with the spirit of the Constitution, particularly the General Welfare Clause (Article I, Section 8), as it aims to promote economic growth and innovation. By supporting small businesses and technological advancement, the bill indirectly contributes to the overall well-being of the nation. The bill does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).