HR 5357
Innovation Network and Capital Act of 2019
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- Passed Senate
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Bill overview
This bill creates a pilot program within the National Institutes of Health (NIH) to help small businesses and research startups successfully commercialize biomedical products. The program will provide grants to eligible entities – those already receiving NIH funding through programs like Small Business Innovation Research – to support activities like research development, technology transfer, and commercialization assistance. It establishes a dedicated account to fund these initiatives through 2025. This aims to accelerate the translation of research discoveries into marketable products.
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