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preneurship, patenting, business planning, and 
other areas relevant to technology transfer, and 
connect students and researchers to relevant re-
sources, including mentors in the private sector; 
and 
‘‘(E) create and fund competitions to allow 
entrepreneurial students and faculty to illus-
trate the commercialization potential of their 
ideas. 
‘‘(4) 
MINIMUM
DURATION
AND
SIZE
OF 
AWARD.—Grants awarded under this subsection 
shall be at least 3 years in duration and $500,000 
in total amount. 
‘‘(5) APPLICATION.—An eligible entity seeking 
funding under this subsection shall submit an appli-
cation to the Director of the Foundation at such 
time, in such manner, and containing such informa-
tion and assurances as such Director may require. 
The application shall include, at a minimum, a de-
scription of how the eligible entity submitting an ap-
plication plans to sustain the proposed activities be-
yond the duration of the grant. 
‘‘(6) AUTHORIZATION
OF
APPROPRIATIONS.— 
From within funds authorized for the Directorate 
for Science and Engineering Solutions, there are au-
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thorized to carry out the activities under this sub-
section $40 million for each of fiscal years 2022 
through 2026.’’. 
(j) ENTREPRENEURIAL FELLOWSHIPS.— 
(1) IN
GENERAL.—The Director shall award 
fellowships to Ph.D.-trained scientists and engineers 
to help develop leaders capable of maturing prom-
ising ideas and technologies from lab to market and 
forge connections between academic research and 
government, industry, and finance. 
(2) APPLICATIONS.—An applicant for a fellow-
ship under this subsection shall submit to the Direc-
tor an application at such time, in such manner, and 
containing such information as the Director may re-
quire. At a minimum, the Director shall require that 
applicants— 
(A) have completed a doctoral degree in a 
STEM field no more than 5 years prior to the 
date of the application; and 
(B) have included in the application a let-
ter of support from the intended host institu-
tion that describes how the fellow will be em-
bedded in that institution’s research environ-
ment. 
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(3) OUTREACH.—The Director shall conduct 
program outreach to recruit fellowship applicants— 
(A) from diverse research institutions; 
(B) from all regions of the country; and 
(C) from groups historically underrep-
resented in STEM fields; 
(4) The Director may enter into an agreement 
with a third-party entity to administer the fellow-
ships, subject to the provisions of this subsection. 
(5) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to the Direc-
tor $100,000,000 for fiscal years 2022 through 
2026, to carry out the activities outlined in this sub-
section. 
(k) LOW-INCOME SCHOLARSHIP PROGRAM.— 
(1) IN
GENERAL.—The Director shall award 
scholarships to low-income individuals to enable such 
individuals to pursue associate, undergraduate, or 
graduate level degrees in mathematics, engineering, 
or computer science. 
(2) ELIGIBILITY.— 
(A) IN GENERAL.—To be eligible to receive 
a scholarship under this section, an indi-
vidual— 
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(i) must be a citizen of the United 
States, a national of the United States (as 
defined in section 1101(a) of title 8), an 
alien admitted as a refugee under section 
1157 of title 8, or an alien lawfully admit-
ted to the United States for permanent 
residence; 
(ii) shall prepare and submit to the 
Director an application at such time, in 
such manner, and containing such infor-
mation as the Director may require; and 
(iii) shall certify to the Director that 
the individual intends to use amounts re-
ceived under the scholarship to enroll or 
continue enrollment at an institution of 
higher education (as defined in section 
1001(a) of title 20) in order to pursue an 
associate, undergraduate, or graduate level 
degree in mathematics, engineering, com-
puter science, or other technology and 
science programs designated by the Direc-
tor. 
(B) ABILITY.—Awards of scholarships 
under this section shall be made by the Director 
solely on the basis of the ability of the appli-
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cant, except that in any case in which 2 or 
more applicants for scholarships are deemed by 
the Director to be possessed of substantially 
equal ability, and there are not sufficient schol-
arships available to grant one to each of such 
applicants, the available scholarship or scholar-
ships shall be awarded to the applicants in a 
manner that will tend to result in a geographi-
cally wide distribution throughout the United 
States of recipients’ places of permanent resi-
dence. 
(3) SCHOLARSHIP AMOUNT AND RENEWAL.— 
The amount of a scholarship awarded under this 
section shall be determined by the Director. The Di-
rector may renew scholarships for up to 5 years. 
(4) AUTHORIZATION.—Of amounts authorized 
for the Directorate for Science and Engineering So-
lutions, $100,000,000 shall be authorized for this 
program. 
(l) TRANSFER OF FUNDS.— 
(1) IN
GENERAL.—Funds made available to 
carry out this section shall be available for transfer 
to other offices, directorates, or divisions within the 
Foundation for such use as is consistent with the 
purposes for which such funds are provided. 
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