An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Administrator

The head of the Small Business Administration (SBA), a U.S. government agency that supports small businesses.

Small business concern

A business that meets specific size standards set by the Small Business Administration, typically based on the number of employees or annual revenue.

Eligible entity

An organization qualified to provide services under this program, such as a university or a non-profit research lab.

Innovation Voucher Grant Program

A new program that provides financial grants to small businesses to help them pay for technical assistance and services for developing new products and services.

Federal share

The portion of the total cost of a project that is covered by federal grant money, with the remaining portion typically paid by the grant recipient.

Authorization of appropriations

A legislative act that permits money to be set aside for a specific government program or purpose, but does not actually provide the money itself; a separate appropriation bill is needed for the money to be spent.