Title 15 — Commerce and TradeRelease 119-73

§3720 Office of Innovation and Entrepreneurship

Title 15 › Chapter CHAPTER 63— - TECHNOLOGY INNOVATION › § 3720

Last updated Apr 6, 2026|Official source

Summary

The Secretary must create an Office of Innovation and Entrepreneurship. Its job is to help new technologies, products, processes, and services move from ideas to the marketplace to boost U.S. productivity and growth. The Office will make policies to speed up commercialization of research (including federal research); find and fix barriers like lack of capital, especially in states in the Experimental Program to Stimulate Competitive Research; share data, research, and technical help; and improve coordination on innovation policy inside the Department of Commerce, with other federal agencies, and with state agencies and institutions, including attention to small businesses and rural areas. The Secretary may assign other duties. The Secretary must also set up an Advisory Council on Innovation and Entrepreneurship to give advice on these tasks.

Full Legal Text

Title 15, §3720

Commerce and Trade — Source: USLM XML via OLRC

(a)The Secretary shall establish an Office of Innovation and Entrepreneurship to foster innovation and the commercialization of new technologies, products, processes, and services with the goal of promoting productivity and economic growth in the United States.

(b)The Office of Innovation and Entrepreneurship shall be responsible for—

(1)developing policies to accelerate innovation and advance the commercialization of research and development, including federally funded research and development;

(2)identifying existing barriers to innovation and commercialization, including access to capital and other resources, and ways to overcome those barriers, particularly in States participating in the Experimental Program to Stimulate Competitive Research;

(3)providing access to relevant data, research, and technical assistance on innovation and commercialization;

(4)strengthening collaboration on and coordination of policies relating to innovation and commercialization, including those focused on the needs of small businesses and rural communities, within the Department of Commerce, between the Department of Commerce and other Federal agencies, and between the Department of Commerce and appropriate State government agencies and institutions, as appropriate; and

(5)any other duties as determined by the Secretary.

(c)The Secretary shall establish an Advisory Council on Innovation and Entrepreneurship to provide advice to the Secretary on carrying out subsection (b).

Reference

Citations & Metadata

Citation

15 U.S.C. § 3720

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73