,i #aafth ,,congress #ast ,session ,h4 ,r4 #ecdh ,,in ,,the ,,house ,,of ,,representatives ,december #f1 #bjai,mr4 ,crow 7for himself and ,mr4 ,burchett7 introduced the following bill2 which was referred to the ,committee on ,small ,business ,a ,,bill ,to require the ,administrator of the ,small ,business ,administration to establish an ,innovation ,voucher ,grant ,program4 #a4 ,short title ,this ,act may be cited as the ,small ,business ,innovation ,voucher ,act of #bjai4 #b4 ,definitions ,in this ,act3 7#a7 ,administrator ,the term ,administrator means the ,administrator of the ,small ,business ,administration4 7#b7 ,eligible entity ,the term eligible entity means-- 7,a7 an institution of higher education1 as defined in section #aja of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajja72 or 7,b7 a nonprofit research lab1 institution1 or other similar organization in the ,united ,states associated with educational or research activities4 7#c7 ,program ,the term ,program means the ,innovation ,voucher ,grant ,program established under section #c4 7#d7 ,small business concern2 small business concern owned and controlled by veterans2 small business concern owned and controlled by women ,the terms small business concern1 small business concern owned and controlled by veterans1 and small business concern owned and controlled by women have the meanings given those terms in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb74 7#e7 ,small business concern owned and controlled by socially and economically disadvantaged individuals ,the term small business concern owned and controlled by socially and economically disadvantaged individuals has the meaning given the term in section #h7;d77#c77;,c7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;d77#c77;,c774 #c4 ,innovation ,voucher ,grant ,program 7a7 ,establishment ,not later than #ahj days after the date of enactment of this ,act1 the ,administrator shall establish a program to be known as the ,innovation ,voucher ,grant ,program under which the ,administrator shall1 on a competitive basis and in accordance with subsection 7f71 award to small business concerns grants for the ,federal share of the cost of purchasing from eligible entities technical assistance and services necessary to carry out projects to advance research1 development1 or commercialization of new or innovative products and services4 7b7 ,application ,a small business concern desiring a grant under the ,program shall submit to the ,administrator an application with the eligible entity from which the small business concern will purchase technical assistance and services using funds awarded under the grant4 7c7 ,evaluation ,in evaluating an application for a grant under the ,program1 the ,administrator shall take into consideration-- 7#a7 the likelihood that funds awarded under the grant will be used to create or advance a novel product or service2 7#b7 the feasibility of creating or advancing a novel product or service proposed to be created or advanced using funds awarded under the grant2 and 7#c7 whether creating or advancing a product or service proposed to be created or advanced using funds awarded under the grant could be accomplished without a grant awarded under the ,program4 7d7 ,priority ,in making grants under the ,program1 the ,administrator shall give priority to an application submitted by-- 7#a7 a small business concern owned and controlled by socially and economically disadvantaged individuals1 including minorities2 7#b7 a small business concern owned and controlled by women2 7#c7 a small business concern owned and controlled by veterans2 7#d7 a small business concern that is located in a rural area2 or 7#e7 a small business concern located in a region or ,state that has historically been underserved by ,federal research and development funds4 7e7 ,amount ,a grant made under the ,program shall be made in an amount of not less than #be1jjj and not more than #ajj1jjj4 7f7 ,federal share ,the ,federal share of the cost of purchasing technical assistance and services described in subsection 7a7 using funds awarded under a grant made under the ,program shall be not more than #ge percent4 7g7 ,reports 7#a7 ,reports from grant recipients ,not later than #ahj days after the date on which a project carried out under a grant awarded under the ,program is completed1 the recipient of the grant shall submit to the ,administrator a report on the project1 including-- 7,a7 whether and how the project met the original expectations for the project2 7,b7 how the results of the project were incorporated in the business of the grant recipient2 and 7,c7 whether and how the project improved innovation practices of the grant recipient4 7#b7 ,report of the ,administrator ,not later than #c years after the date on which the ,administrator establishes the ,program1 and every #b years thereafter1 the ,administrator shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a report on grants awarded under the ,program1 including-- 7,a7 a description of the grants awarded2 7,b7 the estimated number of products or services created or advanced under grants awarded under the ,program that could have been created or advanced without grants awarded under the ,program2 and 7,c7 a description of the impact of the ,program on knowledge transfer and commercialization4 #d4 ,authorization of appropriations ,there is authorized to be appropriated to the ,administrator to carry out the ,program #aj1jjj1jjj for each of fiscal years #bjbj through #bjbd1 to remain available until expended4