§19311 Lab-Embedded Entrepreneurship Program

Summary

The Secretary must hold a competition and give grants to National Laboratories to create or support Lab-Embedded Entrepreneurship Programs. These programs let entrepreneurial fellows use lab research tools and expert help to turn research into real products. Fellows must get training, mentoring and contact with leaders, money and technical help for their projects, and awards that pay living costs, health insurance, and travel. Labs must give fellows access to facilities and experts, help connect them with outside partners, and help with finding markets and customers. Labs can team up with nonprofits, colleges, federally owned corporations, or groups of those partners. The Secretary must make short- and long-term measures to see if the programs work, report results to the House Committee on Science, Space, and Technology and the Senate Committee on Energy and Natural Resources, share best practices, coordinate grants, and work with other federal agencies. Congress authorized $25,000,000 for each of fiscal years 2023 through 2027 for these activities.