Sec. 512. Commercialization grants
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The Director shall continue to award grants to promote the translation of Foundation-sponsored research discoveries into the marketplace. Commercialization grants awarded under this section may be used to fund activities such as— identifying Foundation-sponsored research and technologies that have the potential for accelerated commercialization; supporting prior or current Foundation-sponsored investigators in developing early-stage proofs-of-concept and prototypes of technologies that are derived from Foundation-sponsored research and have potential market value; promoting sustainable partnerships between Foundation-funded institutions, industry, and other organizations within academia and the private sector with the purpose of accelerating technology transfer; developing multi-disciplinary innovation ecosystems which involve and are responsive to specific needs of academia and industry; and providing professional development, mentoring, and advice in entrepreneurship, project management, and technology and business development to innovators.
The following organizations may be eligible for grants under this section: Institutions of higher education. Public technology transfer organizations. Nonprofit technology transfer organizations. A consortia of 2 or more of the organizations described under subparagraphs
(A)through (C). Any eligible organization under paragraph
(1)may apply as a lead organization. An organization seeking a grant under this section shall be required to meet such requirements and to submit an application to the Director at such time, in such manner, and containing such information as the Director may require. The Director shall— solicit applications from Foundation grants recipients who have developed technologies with the potential for commercialization; and seek from Foundation offices and divisions recommendations on outstanding Foundation-sponsored research with clear potential for commercialization within a 3- to 10-year period. Not later than 3 years after the date of enactment of this Act, the Director shall— report to the appropriate committees of Congress on the impact of commercialization grants described under subsections
(a)and (b); and make recommendations on whether and how a technology commercialization mechanism could be adopted by other Federal science agencies.