Recognizing the contributing role Indiana’s research universities play in introducing innovative technologies and spurring economic growth, Indiana’s Senator Dan Coats recently co-introduced bipartisan legislation designed to enhance the effectiveness of the Small Business Technology Transfer (STTR) program.
The Technology and Research Accelerating National Security and Future Economic Resiliency (TRANSFER) Act would facilitate proof-of-concept research and other innovative technology transfer activities at universities, research institutes and federal laboratories, to accelerate the commercialization of federally funded research and technologies.
The bill builds on the existing STTR program by opening grant opportunities to early-stage concepts and technologies, directly benefiting Indiana’s state universities and research institutes as they strive to overcome significant hurdles faced in transitioning nascent research and technologies into the marketplace.
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