technology development, and commer-
cial readiness that have the potential 
to increase or accelerate technology 
transfer outcomes and can be adopted 
by other qualifying institutions, or a 
demonstration of proven technology 
transfer and commercialization strate-
gies, or a plan to implement proven 
technology 
transfer 
and 
commer-
cialization strategies, that can achieve 
greater commercialization of federally 
funded research and technologies with 
program funding; 
‘‘(II) a description of how the 
qualifying institution will contribute 
to local and regional economic devel-
opment efforts; and 
‘‘(III) a plan for sustainability 
beyond the duration of the funding 
award. 
‘‘(iv) 
PROGRAM
OVERSIGHT 
BOARDS.— 
‘‘(I) IN
GENERAL.—Successful 
proposals shall include a plan to as-
semble a Program Oversight Board, 
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the members of which shall have tech-
nical, scientific, or business expertise 
and shall be drawn from industry, 
start-up companies, venture capital, 
technical enterprises, financial institu-
tions, and business development orga-
nizations. 
‘‘(II) 
PROGRAM
OVERSIGHT 
BOARDS
RESPONSIBILITIES.—Pro-
gram Oversight Boards shall— 
‘‘(aa) establish award pro-
grams for individual projects; 
‘‘(bb) provide rigorous eval-
uation of project applications; 
‘‘(cc) 
determine 
which 
projects should receive awards, in 
accordance with guidelines estab-
lished 
under 
subparagraph 
(C)(ii); 
‘‘(dd) establish milestones 
and associated award amounts 
for projects that reach mile-
stones; 
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‘‘(ee) 
determine 
whether 
awarded projects are reaching 
milestones; and 
‘‘(ff) develop a process to re-
allocate 
outstanding 
award 
amounts from projects that are 
not reaching milestones to other 
projects with more potential. 
‘‘(C) GRANT AND AWARD AMOUNTS.— 
‘‘(i) GRANT AMOUNTS.—Each Federal 
agency required by subparagraph (A) to 
carry out a grant program may make 
grants to a qualifying institution for up to 
$1,000,000 per year for up to 3 years. 
‘‘(ii) AWARD AMOUNTS.—Each quali-
fying institution that receives a grant 
under subparagraph (B) shall provide 
awards for individual projects of not more 
than $150,000, to be provided in phased 
amounts, based on reaching the milestones 
established by the qualifying institution’s 
Program Oversight Board. 
‘‘(D) AUTHORIZED
EXPENDITURES
FOR 
INNOVATIVE
APPROACHES
TO
TECHNOLOGY 
TRANSFER GRANT PROGRAM.— 
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‘‘(i) PERCENTAGE.—The percentage 
of the extramural budget each Federal 
agency required by subsection (n) to estab-
lish an STTR program shall expend on the 
Innovative 
Approaches 
to 
Technology 
Transfer Grant Program shall be— 
‘‘(I) 0.05 percent for each of fis-
cal years 2014 and 2015; and 
‘‘(II) 0.1 percent for each of fis-
cal years 2016 and 2017. 
‘‘(ii) 
TREATMENT
OF
EXPENDI-
TURES.—Any portion of the extramural 
budget expended by a Federal agency on 
the Innovative Approaches to Technology 
Transfer Grant Program shall apply to-
wards the agency’s expenditure require-
ments under subsection (n). 
‘‘(2) PROGRAM
EVALUATION
AND
DATA
COL-
LECTION AND DISSEMINATION.— 
‘‘(A) EVALUATION PLAN AND DATA COL-
LECTION.—Each Federal agency required by 
paragraph (1)(A) to establish an Innovative Ap-
proaches to Technology Transfer Grant Pro-
gram shall develop a program evaluation plan 
and collect annually such information from 
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grantees as is necessary to assess the Program. 
Program evaluation plans shall require the col-
lection of data aimed at identifying outcomes 
resulting from the transfer of technology with 
assistance from the Innovative Approaches to 
Technology Transfer Grant Program, such as— 
‘‘(i) specific follow-on funding identi-
fied or obtained, including follow-on fund-
ing sources, such as Federal sources or 
private sources; 
‘‘(ii) number of projects which result 
in a license to a start-up company or an 
established company with sufficient re-
sources for effective commercialization 
within 5 years of receiving an award under 
paragraph (1); 
‘‘(iii) invention disclosures and pat-
ents; 
‘‘(iv) number of projects supported by 
qualifying institutions receiving a grant 
under paragraph (1) that secure Phase I 
or Phase II SBIR or STTR awards; 
‘‘(v) available information on revenue, 
sales or other measures of products that 
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have been commercialized as a result of 
projects awarded under paragraph (1); 
‘‘(vi) number and location of jobs cre-
ated resulting from projects awarded under 
paragraph (1); and 
‘‘(vii) other data as deemed appro-
priate by a Federal agency required by this 
subparagraph to develop a program evalua-
tion plan. 
‘‘(B) 
EVALUATIVE
REPORT
TO
CON-
GRESS.—The head of each Federal agency that 
participates in the Innovative Approaches to 
Technology Transfer Grant Program shall sub-
mit to the Committee on Science, Space, and 
Technology and the Committee on Small Busi-
ness of the House of Representatives and the 
Committee on Small Business and Entrepre-
neurship of the Senate an evaluative report re-
garding the activities of the program. The re-
port shall include— 
‘‘(i) a detailed description of the im-
plementation of the program; 
‘‘(ii) a detailed description of the 
grantee selection process; 
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‘‘(iii) an accounting of the funds used 
in the program; and 
‘‘(iv) a summary of the data collected 
under subparagraph (A). 
‘‘(C) DATA DISSEMINATION.—For the pur-
poses of program transparency and dissemina-
tion of best practices, the Administrator shall 
include on the public database under subsection 
(k)(1) information on the Innovative Ap-
proaches to Technology Transfer Grant Pro-
gram, including— 
‘‘(i) the program evaluation plan re-
quired under subparagraph (A); 
‘‘(ii) a list of recipients of awards 
under paragraph (1); and 
‘‘(iii) information on the use of grants 
under paragraph (1) by recipient institu-
tions.’’. 
Æ 
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