Code · BILL · 114th Congress · H.R. 5698 (Introduced in House) — To require the Administrator of the Small Business Administration to establish an incubator and accelerator grant pro... · Sec. 2

Sec. 2. Findings

113 words·~1 min read·/bill/114/hr/5698/ih/section-2

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Congress finds that— startups face common challenges as they seek to transform their ideas into successful, high-growth businesses; incubators and accelerators are new models of growth that drive innovation by connecting entrepreneurial individuals and teams to create viable business ventures and social initiatives; incubators and accelerators support promising startups through partnerships, mentoring, and resources connecting them with seasoned entrepreneurs; the goal of an incubator or an accelerator is to help create and grow young businesses by providing them with necessary financial, technical, and industry support and financial and technical services; and veterans and members of the Armed Forces can amplify the skills they have acquired through their service in the military through entrepreneurship.