Small Business Innovation Voucher Act of 2025
Small Business: Innovation Voucher Grants
The Small Business Innovation Voucher Act of 2025 is currently in the early stages of the legislative process. It was recently introduced and sent to the Senate Committee on Small Business and Entrepreneurship for review. There are no upcoming votes scheduled at this time, and the bill is waiting for the committee to decide on its next steps.
Legislative Progress
This bill has support from both parties and a relatively low price tag, which helps its chances. However, most new grant programs face a long road to becoming law.
Key Points
- This bill would create a new grant program at the Small Business Administration. It aims to help small companies work with colleges and research labs to build and sell new inventions.
- Small businesses could apply for grants ranging from $15,000 to $75,000. These funds would be used to pay for technical help and expert advice needed to turn a new idea into a finished product.
- The program requires businesses to share some of the costs. If a grant is under $50,000, the government covers up to 75 percent of the bill. For larger grants, the government and the business split the cost 50-50.
- Congress would set aside $10 million each year for five years to pay for these grants. To win a grant, a business must prove that their project is realistic and that they need the extra money to make it happen.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
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 2025
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.