Small Business Innovation Voucher Act of 2026
Small Business: Innovation Voucher Grants
This bill was recently introduced and is currently being reviewed by the House Committee on Small Business. It is in the early stages of the lawmaking process and is considered active. There are no upcoming votes scheduled at this time.
Legislative Progress
The bill has support from both parties, which helps its chances. However, it is a small program that might struggle to get enough attention to pass on its own.
Key Points
- This bill creates a new grant program through the Small Business Administration. It would provide small businesses with vouchers worth between $15,000 and $75,000. These vouchers are meant to help businesses pay for technical help and research services from colleges or nonprofit labs.
- The goal is to help small business owners who have innovative ideas but do not have the expensive equipment or specialized experts needed to develop them. By partnering with universities, these businesses can turn their concepts into real products that can be sold to the public.
- The government will not cover the entire cost of these partnerships. For grants under $50,000, the government will pay up to 75 percent of the bill. For larger grants up to $75,000, the government will pay half, and the small business must cover the other half of the cost.
- Congress plans to spend $10 million each year on this program through 2030. If the bill passes, the Small Business Administration would have six months to set up the rules and start accepting applications from business owners and their research partners.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Small Business.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Small Business Innovation Voucher Act of 2026
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.