Tech Transfer eNews Blog

Bipartisan bill seeks to support entrepreneurship among U.S. scientists

By Jesse Schwartz
Published: December 4th, 2018

A new bipartisan bill aims to fuel the commercialization of research and support entrepreneurship among U.S. scientists by expanding the popular I-Corps program.

Sens. Chris Coons (D-Del.) and Todd Young (R-Ind.) have introduced the Innovators to Entrepreneurs Act of 2018, which encourages broader participation in the NSF I-Corps entrepreneurship training program and provides additional resources for researchers to turn their discoveries into successful companies.

“Training our most promising entrepreneurs to navigate the transition from the laboratory to the marketplace supports U.S.-grown start-ups and small businesses and increases our competitiveness on the global stage,” says Coons. “We wisely invest billions of taxpayer dollars every year into scientific research and development, and this legislation builds a bridge for our best research to directly benefit society.”

Specifically, the bill would expand the eligible pool of applicants for the I-Corps program to include entrepreneurs who have already been awarded Small Business Innovation Research or Small Business Technology Transfer grants from a federal agency. It would also provide a “Phase II” I-Corps program offering immersive, experiential learning classes for entrepreneurs who have already gone through I-Corps training.

A similar bill offered in the House of Representatives by Reps. Dan Lipinski (D-Ill.) and Daniel Webster (R-Fl.) was endorsed by the Information Technology and Innovation Foundation and by Errol Arkilic, CEO of M34 Capital and founding program officer of the I-Corps program. That bill passed the House in April.

Source: Dover Post

Posted under: Tech Transfer e-News

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