Support Startup Businesses Act of 2016

Bill: 114-s-2751
Sponsor: full_name: Sen. Coons, Christopher A. [D-DE]
Introduced: 2016-04-06
Policy area: Commerce
Subjects: Business investment and capital

Intellectual property

Marketing and advertising

Research and development

Small business

Technology transfer and commercialization
Latest action: action_date: 2016-04-06
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2016-04-06
action_desc: Introduced in Senate
text: <p><b>Support Startup Businesses Act of 2016</b></p> <p>This bill amends the Small Business Act to authorize a small business concern receiving a Phase II award (grants of up to $1 million, for up to 2 years, to facilitate expansion of Phase I startup results) under the Small Business Innovation Research program, for FY2017-FY2019, to use up to 5% of the Phase II award for commercialization-related services, including market validation, intellectual property protection, business model development, market research, and other reasonable services that support market entry.</p> <p>These services may be performed directly by the small business concern or obtained from a public or private nonprofit organization, a state agency, or another state-funded entity that facilitates or accelerates the commercialization of technologies or assists in the creation and growth of private enterprises that are commercializing technology.</p>

tv_txt: II 114th CONGRESS 2d Session S. 2751 IN THE SENATE OF THE UNITED STATES April 6, 2016 Mr. Coons (for himself, Mr. Gardner , and Mrs. Gillibrand ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To create a pilot program permitting businesses receiving Phase II awards under the SBIR program to use not more than 5 percent of the amount of the award for commercialization-related services.

1. Short title This Act may be cited as the Support Startup Businesses Act of 2016 . 2. Commercialization-related services pilot program Section 9 of the Small Business Act ( 15 U.S.C. 638 ) is amended by adding at the end the following: (tt) Commercialization-Related services pilot program (1) Definition In this subsection, the term commercialization-related services includes market validation, intellectual property protection, business model development, market research, and other reasonable services that support market entry. (2) Program During each of fiscal years 2017, 2018, and 2019, a small business concern receiving a Phase II award under the SBIR program may use not more than 5 percent of the amount of the award for commercialization-related services, which may be performed directly by the small business concern or obtained from another entity, such as a public or private nonprofit organization or an agency of or other entity established or funded by a State that facilitates or accelerates the commercialization of technologies or assists in the creation and growth of private enterprises that are commercializing technology. (3) Annual reporting A small business concern that uses amounts under a Phase II award as described in paragraph (2) during a fiscal year shall submit to the Federal agency making the award a report describing the use of such amounts during such fiscal year. (4) Review Not later than the end of fiscal year 2019, the Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report reviewing the efficacy of the pilot program under this subsection. .