Sec. 505. Federal Acceleration of State Technology Commercialization Pilot Program
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The Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3701 et seq. ) is amended by adding at the end the following: The Secretary shall establish a Federal Acceleration of State Technology Commercialization Pilot Program or FAST Commercialization Pilot Program to award grants to States, or consortia thereof, for the purposes described in paragraph (2). Awards under this section shall be made through a competitive, merit-based process. The purpose of the program under this section is to advance United States productivity and global competitiveness by accelerating commercialization of innovative technology by leveraging Federal support for State commercialization efforts.
The program shall provide matching funds to a State, or consortium thereof, for the acceleration of commercialization activities and the promotion of small manufacturing enterprises in the United States. Applications for awards under this section shall be submitted in such a manner, at such a time, and containing such information as the Secretary shall require, including— a description of the current state of technology commercialization in the State or States, including successes and barriers to commercialization; and a description of the State’s or consortium’s plan for increasing commercialization of new technologies, products, processes, and services.
The Secretary shall establish criteria for the selection of awardees, which shall consider at a minimum a review of efforts during the fiscal year prior to submitting an application to— promote manufacturing; and commercialize new technologies, products, processes, and services, including activities to translate federally funded research and technologies to small manufacturing enterprises. A State or consortium receiving a grant under this section shall provide non-Federal cash contributions in an amount equal to 50 percent of the total cost of the project for which the grant is provided.
In carrying out the program under this section, the Secretary shall ensure that grants made under the program are coordinated with, and do not duplicate, the efforts of other commercialization programs within the Federal Government. Not later than 3 years after the date of enactment of the America Competes Reauthorization Act of 2014 , the Secretary shall enter into a contract with an independent entity, such as the National Academy of Sciences, to conduct an evaluation of the program established under subsection (a).
The evaluation shall— assess whether the program is achieving its goals; include any recommendations for how the program may be improved; and include a recommendation as to whether the program should be continued or terminated. In this section— the term State has the meaning given that term in section 3 of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3122 ); and the term commercialization has the meaning given that term in section 9(e)(10) of the Small Business Act (15 U.S.C. 638(e)(10)).
Each award shall be for a 5-year period. There are authorized to be appropriated to the Secretary $50,000,000 for each of fiscal years 2015 through 2017 to carry out this section. .
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Sec. 505
Federal Acceleration of State Technology Commercialization Pilot Program
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