What does Preamble of Small Business Innovation Voucher Act of 2025 do?

This bill would require 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 2025 do?

This bill is formally titled the Small Business Innovation Voucher Act of 2025.

What does DEFINITIONS. of Small Business Innovation Voucher Act of 2025 do?

This section defines key terms used within the Act. The term 'Administrator' refers to the Administrator of the Small Business Administration. An 'eligible entity' is defined as 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 2025 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, and selection will occur within 180 days of the application deadline. Grant recipients are required to submit reports on their projects, and the Administrator must submit reports to Congress on the program's impact.

What does AUTHORIZATION OF APPROPRIATIONS. of Small Business Innovation Voucher Act of 2025 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 appropriated funds are to remain available until expended. Up to 5 percent of the appropriated amounts may be used for administrative costs.

Back to bills

Small Business Innovation Voucher Act of 2025

Last updated: 12/10/2025 · Introduced: 12/10/2025

Author: Catherine Cortez Masto (D-NV)

TL;DR (AI)

This bill establishes the Innovation Voucher Grant Program to provide small businesses with grants ranging from $15,000 to $75,000 for research, development, or commercialization.
The program facilitates collaboration between small businesses and institutions of higher education or nonprofit research labs.
The bill authorizes $10,000,000 annually from 2026 through 2030 to fund the grant program, with funds available until expended.

119th Congressin committeeHR. 9050(In Committee)Official page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

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

5 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account