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11.08.25 - 06:42
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Congress Must Improve Science Commercialization (ZeroHedge)
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Congress Must Improve Science Commercialization
Authored by Lars Erik Schönander via RealClearScience,
Congress has an opportunity to fix federal government policies on science commercialization. Last week, House Committee on Small Business Chairman Roger Williams (R-Texas) took an important step to that end, introducing a companion bill to the INNOVATE Act, which Senator Joni Ernst (R-IA) introduced this year as Chair of the Senate Small Business Committee. Williams's bill could help reform the Small Business Innovation Research program and help nurture the next American tech giants.
Congress established the SBIR program in 1982 to commercialize science and turn startups into major companies. It can tout among its success stories Qualcomm, ViaSat, AeroVironment, and Anduril, all of which used SBIR funding to grow. The INNOVATE Act would reauthorize the SBIR program, which is due to expire at the end of the fiscal year, while strengthening commercialization requirements, improving the ...
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