,,ii #aad? ,,congress #a/ ,session ,s4 #bbgc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,novemb] #aj1 #bjae ,mr4 ,book] introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to require ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration to e/abli% an incubator & accel]ator grant program = vet]ans & memb]s ( ! ,arm$ ,=ces4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/r5g!n+ ,te*nical ,assi/ance1 ,res\rces1 & ,tra9+ to ,unlea% ! ,pot5tial ( ,vet]ans ,act ( #bjae or ! ,,/>tup ,vets ,act ( #bjae4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 />tups face common *all5ges z !y seek to trans=m _! ideas into successful1 high-gr[? bus9esses2 7#b7 incubators & accel]ators are new models ( gr[? t drive innovation by connect+ entrepr5eurial individuals & teams to create viable bus9ess v5tures & social initiatives2 7#c7 incubators & accel]ators support promis+ />t-ups ?r\gh p>tn]%ips1 m5tor+1 & res\rces connect+ !m ) season$ entrepr5eurs2 7#d7 ! goal ( an incubator or an accel]ator is to help create & gr[ "y bus9esses by provid+ !m ) necess>y f9ancial1 te*nical1 & indu/ry support & f9ancial & te*nical s]vices2 & 7#e7 vet]ans & memb]s ( ! ,arm$ ,=ces c amplify ! skills !y h acquir$ ?r\gh _! s]vice 9 ! milit>y ?r\gh entrepr5eur%ip4 #c4 ,incubator & accel]ator grant program ,section #cb ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;b7 is am5d$ by /rik+ subsection 7f7 & ins]t+ ! foll[+3 7f7 ,incubator & accel]ator grant program 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m accel]ator means an organization t-- 7i7 frequ5tly provides1 b is n exclusively design$ to provide1 se$ inve/m5t 9 ex*ange = a small am\nt ( equity2 7ii7 works ) a />tup = pr$et]m9$ am\nt ( "t2 or 7iii7 (f]s />tups capital & m5tor%ip to scale bus9esses2 7,b7 ! t]m cov]$ individual means-- 7i7 a memb] ( ! ,arm$ ,=ces1 )\t reg>d to :e!r ! memb] is p>ticipat+ 9 ! ,transition ,assi/ance ,program ( ! ,dep>tm5t ( ,def5se2 7ii7 an individual :o is p>ticipat+ 9 ! ,transition ,assi/ance ,program ( ! ,dep>tm5t ( ,def5se2 7iii7 an individual :o-- 7,i7 s]v$ on active duty 9 any bran* ( ! ,arm$ ,=ces1 includ+ ! ,national ,gu>d & ,res]ves2 & 7,,ii7 0 dis*>g$ or releas$ f su* s]vice "u conditions o!r ?an di%onorable2 & 7iv7 a sp\se or dep5d5t ( an individual describ$ 9 clause 7i71 7ii71 or 7iii72 7,c7 ! t]m eligible grantee means an incubator or accel]ator t-- 7i7 has a physical space1 & n necess>ily exclusive use ( physical space1 9 :i* vet]ans may come toge!r to "w on bus9ess ideas2 & 7ii7 has be5 op]ational = n less ?an #a ye> be=e receiv+ a grant "u ! program2 7,d7 ! t]m incubator means an organization t is design$ to accel]ate ! gr[? & success ( bus9esses ?r\gh a v>iety ( bus9ess support res\rces & s]vices1 includ+ physical space1 capital1 coa*+1 common s]vices1 & network+ connections2 & 7,e7 ! t]m program means ! grant program e/abli%$ "u p>agraph 7#b77;,a74 7#b7 ,e/abli%m5t 7,a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is subsection1 ! ,adm9i/rator %all e/abli% a grant program "u :i* ! ,adm9i/rator %all make grants to eligible grantees to create & op]ate incubators & accel]ators t provide te*nical assi/ance & tra9+ to cov]$ individuals on h[ to become successful entrepr5eurs & =m small bus9ess conc]ns4 7,b7 ,goals ,! goals ( ! program are-- 7i7 to enable cov]$ individuals to effectively transf] relevant skills to laun* & accel]ate small bus9ess conc]ns own$ & controll$ by cov]$ individuals2 & 7ii7 to create an av5ue = high-p]=m+ cov]$ individuals to meet & collaborate on bus9ess ideas4 7,c7 ,designation z a te*nical assi/ance program ,! program %all be consid]$ a managem5t & te*nical assi/ance tra9+ program ( ! ,adm9i/ration4 7#c7 ,application 7,a7 ,9 g5]al ,an eligible grantee desir+ to receive a grant "u ! program %all submit an application to ! ,adm9i/rator at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,adm9i/rator may require4 7,b7 ,evaluation ,be=e mak+ an aw>d to an eligible grantee "u ! program1 ! ,adm9i/rator or a designee ( ! ,adm9i/rator %all conduct a site visit or evaluate a video submission ( ! eligible grantee4 7,c7 ,pref]5ce ,9 aw>d+ grants "u ! program1 ! ,adm9i/rator %all give a pref]5ce to an eligible grantee t op]ates a vet]ans-focus$ incubator or accel]ator )9 ! eligible grantee z ( ! date on :i* ! eligible grantee submits an application "u subp>agraph 7,a74 7#d7 ,use ( funds ,ea* eligible grantee t is aw>d$ a grant "u ! program %all op]ate &1 if necess>y1 create1 )9 ! eligible grantee-- 7,a7 an incubator or accel]ator focus$ on assi/+ cov]$ individuals2 or 7,b7 an incubator or accel]ator t assi/s all types ( entrepr5eurs1 :i* %all provide t>get$ activities1 curriculum1 ev5ts1 & m5tor%ip tailor$ to cov]$ individuals4 7#e7 ,duties ,ea* eligible grantee aw>d$ a grant "u ! program %all-- 7,a7 e/abli% & use a competitive process1 if su* a process has n be5 e/abli%$1 = select+ cov]$ individuals to p>ticipate 9 ! incubator or accel]ator1 z applicable2 7,b7 create a =um = high-p]=m+ cov]$ individuals to meet & collaborate2 7,c7 designate a full-"t executive director or program manag]1 if su* a director or manag] has n be5 designat$1 to manage ! incubator or accel]ator1 z applicable2 7,d7 provide tra9+ & education1 includ+ curriculum on entrepr5eur%ip1 to meet ! ne$s ( cov]$ individuals to enable !m to translate skills f _! milit>y s]vice to entrepr5eur%ip2 7,e7 provide m5tor+ to cov]$ individuals :o are entrepr5eurs1 :i* %all consi/ ( exp]i5c$ & successful entrepr5eurs provid+ advice & guidance to cov]$ individuals :o h _h simil> exp]i5ces2 & 7,f7 connect cov]$ individuals ) inve/ors :o are look+ to support cov]$ individuals z entrepr5eurs4 7#f7 ,availability to ,vet]ans ,affairs ,9 consultation ) ! ,secret>y ( ,vet]ans ,affairs1 ! ,associate ,adm9i/rator %all make available outrea* mat]ials reg>d+ ! program = di/ribution & display at local facilities ( ! ,dep>tm5t ( ,vet]ans ,affairs4 7#g7 ,duration ( grant ,a grant aw>d$ "u ! program-- 7,a7 %all be = a p]iod ( n m ?an #b ye>s2 & 7,b7 may be r5ew$ = additional #b-ye> p]iods 9 accordance ) p>agraph 7#h74 7#h7 ,r5ewal ( grant ,9 r5ew+ a grant "u ! program1 ! ,adm9i/rator-- 7,a7 %all consid] ! results ( ! mo/ rec5t annual evaluation ( ! eligible grantee "u p>agraph 7#i72 & 7,b7 may )hold a grant if ! ,adm9i/rator det]m9es t ! eligible grantee fail$ to provide ! ,adm9i/rator ) in=mation necess>y to complete an annual evaluation ( ! eligible grantee "u p>agraph 7#i74 7#i7 ,annual evaluations ,n lat] ?an #a ye> aft] ! ,adm9i/rator aw>ds a grant to an eligible grantee "u ! program1 & e ye> !reaft] 9 :i* ! eligible grantee is aw>d$ a grant "u ! program1 ! ,adm9i/rator %all conduct an evaluation ( & issue a report on ! eligible grantee1 :i* %all include-- 7,a7 ! total numb] ( cov]$ individuals s]v$ by ! eligible grantee2 & 7,b7 ! total numb] ( />tups assi/$ by ! eligible grantee4 7#aj7 ,annual report 7,a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date on :i* ! ,adm9i/rator e/abli%es ! program1 & e ye> !reaft]1 ! ,associate ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report on ! p]=mance & effectiv5ess ( ! program1 :i* %all include-- 7i7 ! total numb] ( cov]$ individuals s]v$ by ea* eligible grantee aw>d$ a grant "u ! program2 7ii7 to ! ext5t possible-- 7,i7 ! demographics ( cov]$ individuals assi/$ "u ! program1 to include g5d]1 age1 race1 relation%ip to milit>y1 ,milit>y ,occupational ,code1 & ye>s ( s]vice ( cov]$ individuals2 7,,ii7 ! numb] ( />tups laun*$ or exp&$ ) assi/ance provid$ "u ! program2 & 7,,iii7 ! numb] ( jobs creat$ ) assi/ance provid$ "u ! program2 7iii7 results ( p>ticipant satisfaction surveys1 includ+ a summ>y ( any comm5ts f cov]$ individuals assi/$ "u ! program2 & 7iv7 an evaluation ( ! effectiv5ess ( ! program 9 ea* region ( ! ,adm9i/ration dur+ ! mo/ rec5t fiscal ye>4 7#aa7 ,fund+ ,= ea* ( fiscal ye>s #bjaf ?r\gh #bjbj1 ! ,adm9i/ration %all use n m ?an #a1jjj1jjj f am\nts made available to ! ,(fice ( ,vet]ans ,bus9ess ,developm5t to c>ry out ! program4 4