Small Business Innovation Voucher Act of 2026
Sponsored By: Representative Crow, Jason [D-CO-6]
Introduced
Summary
Innovation Voucher Grant Program. This bill would create a competitive program to fund small businesses buying technical assistance from universities and nonprofit research labs to speed research, commercialization, and job creation.
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- Small businesses: Would be eligible for grants from $15,000 to $75,000 to buy expert services and access capital-intensive facilities. Federal support would cover up to 75 percent of costs for grants under $50,000 and up to 50 percent for larger grants.
- Research institutions and nonprofits: Colleges, nonprofit research labs, and federally funded research centers could sell technical assistance to small firms and receive grant-funded payments for those services.
- Oversight and scale: Grant recipients must report project outcomes within 180 days after completion. The Administrator would provide biannual program reports to Small Business Committees and a final report when program funds are expended. The bill limits administrative spending to 5 percent of appropriations.
*Would authorize $10 million per year for fiscal years 2026–2030, which would increase federal spending if appropriated.*
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Innovation grants for small businesses
If enacted, the SBA would set up the Innovation Voucher Grant Program within 180 days. Small businesses would be able to apply for competitive grants to buy technical help from colleges or nonprofit research labs. Grants would be $15,000 to $75,000 each. The federal share would cover up to 75% for grants under $50,000. For grants $50,000 or more, the federal share would cover up to 50%. The bill would authorize $10 million each year for fiscal years 2026 through 2030. Up to 5% of each year's funds could pay administrative costs. The SBA would pick winners not later than 180 days after the application deadline. Grant recipients would have to report within 180 days after their project ends. The SBA would send program reports every two years and a final report within 180 days after program funds are spent.
Sponsors & CoSponsors
Sponsor
Crow, Jason [D-CO-6]
CO • D
Cosponsors
Rep. Burchett, Tim [R-TN-2]
TN • R
Sponsored 5/29/2026
Roll Call Votes
No roll call votes available for this bill.
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