42 USC 1862s-8 - Innovation Corps

U.S Code last checked for updates: Nov 22, 2024

§ 1862s–8.

Innovation Corps

(a)

Findings

Congress makes the following findings:

(1)

The National Science Foundation Innovation Corps (referred to in this section as the “I-Corps”) was established to foster a national innovation ecosystem by encouraging institutions, scientists, engineers, and entrepreneurs to identify and explore the innovation and commercial potential of National Science Foundation-funded research well beyond the laboratory.

(2)

Through I-Corps, the Foundation invests in entrepreneurship and commercialization education, training, and mentoring that can ultimately lead to the practical deployment of technologies, products, processes, and services that improve the Nation’s competitiveness, promote economic growth, and benefit society.

(3)

By building networks of entrepreneurs, educators, mentors, institutions, and collaborations, and supporting specialized education and training, I-Corps is at the leading edge of a strong, lasting foundation for an American innovation ecosystem.

(4)

By translating federally funded research to a commercial stage more quickly and efficiently, programs like the I-Corps create new jobs and companies, help solve societal problems, and provide taxpayers with a greater return on their investment in research.

(5)

The I-Corps program model has a strong record of success that should be replicated at all Federal science agencies.

(b)

Sense of Congress

It is the sense of Congress that—

(1)

commercialization of federally funded research can improve the Nation’s competitiveness, grow the economy, and benefit society;

(2)

I-Corps is a useful tool in promoting the commercialization of federally funded research by training researchers funded by the Foundation in entrepreneurship and commercialization;

(3)

I-Corps should continue to build a network of entrepreneurs, educators, mentors, and institutions and support specialized education and training;

(4)

researchers other than those funded by the Foundation may also benefit from the education and training described in paragraph (3); and

(5)

I-Corps should continue to promote a strong innovation system by investing in and supporting female entrepreneurs through mentorship, education, and training because they are historically underrepresented in entrepreneurial fields.

(c)

I-Corps program

(1)

In general

(2)

Expansion of I-Corps

(A)

In general

The Director—

(i)

shall encourage the development and expansion of I-Corps and other training programs that focus on professional development, including education in entrepreneurship and commercialization; and

(ii)

may establish an agreement with another Federal science agency—

(I)

to make researchers, students, and institutions funded by that agency eligible to participate in the I-Corps program; or

(II)

to assist that agency with the design and implementation of its own program that is similar to the I-Corps program.

(B)

Partnership funding

In negotiating an agreement with another Federal science agency under subparagraph (A)(ii), the Director shall require that Federal science agency to provide funding for—

(i)

the training for researchers, students, and institutions selected for the I-Corps program; and

(ii)

the locations that Federal science agency designates as regional and national infrastructure for science and engineering entrepreneurship.

(3)

Follow-on grants

(A)

In general

Subject to subparagraph (B), the Director, in consultation with the Director of the Small Business Innovation Research Program, shall make funds available for competitive grants, including to I-Corps participants, to help support—

(i)

prototype or proof-of-concept development; and

(ii)

such activities as the Director considers necessary to build local, regional, and national infrastructure for science and engineering entrepreneurship.

(B)

Limitation

(4)

State and local partnerships

(5)

Reports

(6)

Definitions

(Pub. L. 114–329, title VI, § 601, Jan. 6, 2017, 130 Stat. 3033.)

cite as: 42 USC 1862s-8