Sec. 602. TRANSLATIONAL RESEARCH GRANTS
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## SEC. 602 TRANSLATIONAL RESEARCH GRANTS **[**[42 U.S.C. 1862s-9](/us/usc/t42/s1862s-9)**]** ###
(a)Sense of Congress It is the sense of Congress that— ####
(1)commercialization of federally funded research may benefit society and the economy; and ####
(2)not-for-profit organizations support the commercialization of federally funded research by providing useful business and technical expertise to researchers. ###
(b)Commercialization Promotion The Director of the Foundation shall continue to award grants on a competitive, merit-reviewed basis to eligible entities to promote the commercialization of federally funded research results. ###
(c)Use of Funds Activities supported by grants under this section may include— ####
(1)identifying Foundation-sponsored research and technologies that have the potential for accelerated commercialization; ####
(2)supporting prior or current Foundation-sponsored investigators, institutions of higher education, and non-profit organizations that partner with an institution of higher education in undertaking proof-of-concept work, including development of prototypes of technologies that are derived from Foundation-sponsored research and have potential market value; ####
(3)promoting sustainable partnerships between Foundation-funded institutions, industry, and other organizations within academia and the private sector with the purpose of accelerating the transfer of technology; ####
(4)developing multi-disciplinary innovation ecosystems which involve and are responsive to specific needs of academia and industry; and ####
(5)providing professional development, mentoring, and advice in entrepreneurship, project management, and technology and business development to innovators. ###
(d)Eligibility ####
(1)In general The following organizations may be eligible for grants under this section: #####
(A)Institutions of higher education. #####
(B)Public or nonprofit technology transfer organizations. #####
(C)A nonprofit organization that partners with an institution of higher education. #####
(D)A consortia of 2 or more of the organizations described under subparagraphs
(A)through (C). ####
(2)Lead organizations Any eligible organization under paragraph
(1)may apply as a lead organization. ###
(e)Applications An eligible entity seeking a grant under this section shall submit an application to the Director at such time, in such manner, and containing such information as the Director may require.
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Sec. 602
TRANSLATIONAL RESEARCH GRANTS
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