Curtis, Coons Introduce Bipartisan Legislation to HELP Small Businesses Bring NEW Technologies to Market

Washington, D.C.– U.S. Senators John Curtis (R-UT) and Chris Coons (D-DE), members of the Small Business Committee,introducedtheResearch Advancing to Market Production (RAMP) for Innovators Act, bipartisan legislation to help innovative small businesses commercialize their technologies. By enhancing existing programs designed to support small businesses in conducting research and development (R&D) with the potential for commercialization, the bill promotes successful entrepreneurship and helps strengthen the United States’ competitiveness in emerging technologies.
Companion legislation was also introduced today in the House of Representatives by Congressman Troy Balderson (R-OH) and Congresswoman Chrissy Houlahan (D-PA).
“Utah’s small businesses are the backbone of our state’s economy, representing over 99% of all companies,”said Senator Curtis.“To sustain our economic strength and preserve Utah’s exceptional quality of life, it’s crucial that we empower these businesses to succeed. By improving programs that foster innovation and commercialization, our bipartisan legislation helps entrepreneurs develop new technologies and bring them to market—strengthening our economy and our competitiveness on the world stage.”
“In Delaware, we know that innovation comes from both the largest companies and the smallest,”said Senator Coons.“That’s why we must give small businesses the tools they need to bring their ideas to customers quickly. The bipartisan RAMP for Innovators Acthelps bring the best ideas to the market—strengthening our place as the global leader in innovation and helping small businesses thrive.”
“America’s strength has always come from our ability to foster innovation and empower those willing to take risks,”said Representative Balderson.“TheRAMP for Innovators Actensures that our tech entrepreneurs have the tools they need to grow, compete globally, and transform bold ideas into real products, good-paying jobs, and lasting economic growth in places like Central Ohio and across the country.”
“As an entrepreneur myself, I know the difficulties that small businesses in our Commonwealth and country face in scaling their operations and getting their products to the shelves,”said Representative Houlahan.“Federal programs that support our small businesses need to be both more efficient and more effective in order to make the American dream a reality for small business owners. TheRAMP for Innovators Actprovides entrepreneurs with streamlined access to the resources, intellectual property protections, and capital they need to scale, compete, and succeed. I’m proud to lead this bipartisan, bicameral legislation to ensure that more of the amazing, innovative technologies developed by American entrepreneurs become a reality, helping our nation maintain its competitive edge.”
Background:
TheRAMP for Innovators Actbuilds on the success of two competitive Small Business Administration (SBA) programs for developing small business innovation: the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs—collectively known as “America’s seed fund.”
Specifically, the legislation would:
The full text of the bill can be foundhere, and a one-pager is availablehere.
ThisRAMP for Innovators Acthas been endorsed by the Information Technology and Innovation Foundation (ITIF), the University City Science Center, BPC Action, and the Delaware Small Business Development Center.
“ITIF supports RAMP for Innovators, theResearch Advancing to Market Production for Innovators Act, which will further bolster the commercialization potential of SBIR/STTR programs through improvements such as making commercialization potential a stronger consideration in project selection, clarifying that all awardees may use a share of Phase I and II funds for commercially oriented activities, and supporting the ability of innovators to secure intellectual property rights underpinning their inventions through stronger linkages with the PTO,”said Dr. Rob Atkinson, President of ITIF.
“The University City Science Center heartily endorses theResearch Advancing to Market Production for Innovators Actintroduced by Senators Coons and Curtis and Representatives Houlahan and Balderson. This legislation would codify language that has already been signed into law to ensure that commercialization is central to the goals of SBIR and STTR. TheRAMP for Innovators Actfulfills the mission of the 2016 SBIR/STTR recommendations from the National Advisory Council on Innovation and Entrepreneurship (NACIE) at the Department of Commerce. I was honored to serve as a member of NACIE during this time and believe these recommendations are necessary to fulfill our commercialization needs in this country,”said Tiffany Wilson, CEO of the University City Science Center.
“American innovation is the foundation upon which U.S. economic competitiveness is built. Commercializing more new technologies helps the United States strengthen its edge over our competitors and ensures taxpayers get a good return on their investment in research and development. BPC Action applauds Senators Coons and Curtis, and Representatives Houlahan and Balderson, for their bipartisan leadership in reintroducing theRAMP for Innovators Act,”said Michele Stockwell, President of BPC Action.