Sec. 100302. Building a national innovation support ecosystem network
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In addition to amounts otherwise available, there is appropriated to the Small Business Administration for fiscal year 2022, out of any money in the Treasury not otherwise appropriated, to remain available until September 30, 2031, for carrying out this section— $525,000,000 to carry out subsection (c)(1) of this section; and $150,000,000 to carry out subsection (c)(2) of this section. Of the amounts made available under paragraph (1)(A) of this subsection for a fiscal year, not more than 5 percent shall be available for administrative expenses related to carrying out this section.
In this section: The term business incubator means an organization that— provides resources, which may include physical workspace and facilities, to startups and established small business concerns; and is designed to accelerate the growth and success of businesses through a variety of business support resources and services, including— access to capital, business education, and counseling; networking opportunities; mentorship opportunities; and other services intended to aid in developing a business.
The term economic development organization means a regional, State, tribal, or local organization established for purposes of promoting or otherwise facilitating economic development. The term eligible applicant means— an economic development organization; an eligible entity, as defined in section 7(j)(10)(K)(i) of the Small Business Act, as added by section 100103; a business incubator; a growth accelerator; an SBA partner organization, as defined in section 50 of the Small Business Act (as added by section 10201 of this title); or any combination or collaboration of the entities described in subparagraphs
(A)through (E). The term eligible business means any innovative startup seeking to— participate in the SBIR and STTR programs described in section 9 of the Small Business Act ( 15 U.S.C. 638 ); or otherwise develop, through research and development, or commercialize advanced technologies. The term growth accelerator has the meaning given the term in section 52 of the Small Business Act, as added by section 10301 of this title. The term innovative startup means a science, technology, engineering, and math entrepreneur or small business concern that— was founded or commenced a trade or business not earlier than 5 years before receiving assistance under this section; and has a primary focus on the development or commercialization of advanced technologies. The term member of an underrepresented community has the meaning given in section 50 of the Small Business Act, as added by section 10201 of this title. The Administrator shall— make grants or award prizes to, or enter into contracts or cooperative agreements with, eligible applicants to address the training, proposal development, mentoring, partnering, coordinating, networking, customer discovery, and business incubator and growth accelerator needs of eligible businesses to expand and accelerate the growth of eligible businesses; and facilitate fellowships and internships in the fields of science, technology, engineering, and mathematics, prioritizing members of an underrepresented community through partnerships with or supplemental grants or awards to provide opportunities at the undergraduate, graduate, and postdoctoral levels.
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Sec. 100302
Building a national innovation support ecosystem network
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