S 3329
Incubator Network and Startup Success Act
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- Became Law
Bill overview
The Incubator Network and Startup Success Act establishes a program within the Department of Commerce to support the growth of startups. It creates an incubator network and startup success program, providing grants to organizations that foster resources and services for startups. The program prioritizes supporting entrepreneurs from disadvantaged backgrounds, women, veterans, and individuals with disabilities, and requires grant recipients to demonstrate a commitment to increasing access to these resources. The bill also authorizes funding for additional staff within the Department of Commerce to administer the program and coordinate with states.
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