Code · BILL · 113th Congress · S. 627 (Introduced in Senate) — To provide incentives for investment in research and development for new medicines, to enhance access to new medicine... · Sec. 12

Sec. 12. Competitive intermediaries for funding interim technologies

87 words·~1 min read·/bill/113/s/627/is/section-12

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Board of Trustees may authorize multiple nonprofit intermediaries to reward projects for interim research and development of products, or for open source dividend prizes. Such intermediaries shall compete for funding from non-Federal entities that co-fund the Fund. Prizes awarded by competitive intermediaries shall be available to persons or communities that provide open, nondiscriminatory and royalty-free licenses to relevant intellectual property rights. The Board of Trustees shall adopt rules to ensure the transparency and accountability of any entities authorized to act as competitive intermediaries under subsection (a).