What does Preamble of Small Business Innovation Voucher Act of 2026 do?

This bill requires the Administrator of the Small Business Administration to establish an Innovation Voucher Grant Program.

What does SHORT TITLE. of Small Business Innovation Voucher Act of 2026 do?

This bill is formally titled the Small Business Innovation Voucher Act of 2026.

What does DEFINITIONS. of Small Business Innovation Voucher Act of 2026 do?

This section defines key terms used throughout the Act. The term 'Administrator' refers to the Administrator of the Small Business Administration. An 'eligible entity' is either an institution of higher education as defined in the Higher Education Act of 1965 or a nonprofit research lab associated with educational or research activities. The 'Program' is the Innovation Voucher Grant Program established under section 3. The definition of 'small business concern' is taken from section 3 of the Small Business Act.

What does INNOVATION VOUCHER GRANT PROGRAM. of Small Business Innovation Voucher Act of 2026 do?

This section establishes the "Innovation Voucher Grant Program" administered by the Administrator. The program aims to provide grants to small business concerns to purchase technical assistance and services for research, development, or commercialization of new products and services. Grants range from $15,000 to $75,000, with the federal share covering up to 75% for grants under $50,000 and up to 50% for grants of $50,000 or more. The program's purposes include fostering collaboration between small businesses and research institutions, promoting business dynamism, and stimulating U.S. leadership in advanced technology. Applicants must submit an application to the Administrator, including the eligible entity from which services will be purchased. The Administrator will evaluate applications based on the likelihood of creating a novel product or service, feasibility, and whether the project could be accomplished without a grant. Grant recipients are required to submit reports on project outcomes, including whether expectations were met and how results were incorporated into their business.

What does AUTHORIZATION OF APPROPRIATIONS. of Small Business Innovation Voucher Act of 2026 do?

This section authorizes appropriations to the Administrator for a Program. A total of $10,000,000 is authorized for each fiscal year from 2026 through 2030. The authorized funds are to remain available until expended. Up to 5 percent of the appropriated amounts may be used for administrative costs.

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Small Business Innovation Voucher Act of 2026

Last updated: 5/29/2026 · Introduced: 5/29/2026

Author: Jason Crow (D-CO)

TL;DR (AI)

This bill establishes the Innovation Voucher Grant Program to provide small businesses with grants of $15,000 to $75,000 for research, development, or commercialization of new products and services.
The program facilitates collaboration between small businesses and institutions of higher education or nonprofit research labs, with the federal government covering 50% to 75% of project costs.
The bill authorizes $10,000,000 annually from 2026 through 2030 to fund the program, allowing for up to 5% to be used for administrative expenses.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 3 more.

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