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42 U.S. Code § 1862s–9 - Translational research grants

(a) Sense of CongressIt is the sense of Congress that—
commercialization of federally funded research may benefit society and the economy; and
not-for-profit organizations support the commercialization of federally funded research by providing useful business and technical expertise to researchers.
(b) Commercialization promotion

The Director of the Foundation shall continue to award grants on a competitive, merit-reviewed basis to eligible entities to promote the commercialization of federally funded research results.

(c) Use of fundsActivities supported by grants under this section may include—
identifying Foundation-sponsored research and technologies that have the potential for accelerated commercialization;
supporting prior or current Foundation-sponsored investigators, institutions of higher education, and non-profit organizations that partner with an institution of higher education in undertaking proof-of-concept work, including development of prototypes of technologies that are derived from Foundation-sponsored research and have potential market value;
promoting sustainable partnerships between Foundation-funded institutions, industry, and other organizations within academia and the private sector with the purpose of accelerating the transfer of technology;
developing multi-disciplinary innovation ecosystems which involve and are responsive to specific needs of academia and industry; and
providing professional development, mentoring, and advice in entrepreneurship, project management, and technology and business development to innovators.
(d) Eligibility
(1) In generalThe following organizations may be eligible for grants under this section:
Institutions of higher education.
Public or nonprofit technology transfer organizations.
A nonprofit organization that partners with an institution of higher education.
A consortia of 2 or more of the organizations described under subparagraphs (A) through (C).
(2) Lead organizations

Any eligible organization under paragraph (1) may apply as a lead organization.

(e) Applications

An eligible entity seeking a grant under this section shall submit an application to the Director at such time, in such manner, and containing such information as the Director may require.

Editorial Notes

Section was enacted as part of the American Innovation and Competitiveness Act, and not as part of the National Science Foundation Act of 1950 which comprises this chapter.

Statutory Notes and Related Subsidiaries

For definitions of terms used in this section, see section 2 of Pub. L. 114–329, set out as a note under section 1862s of this title.