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house Bill H.R. 539

Should the National Science Foundation Support Entrepreneurs?

Argument in favor

Small businesses and inventors could use additional federal support to help them turn innovations into commercially products. This bill would direct the National Science Foundation — which has expertise in this area — to provide this vital support.

IllWill's Opinion
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02/25/2019
Overall, this bill seems good, but there needs to be a focus on entrepreneurs who are innovating in socially responsible and environmentally-friendly ways.
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Kat's Opinion
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02/26/2019
I'm always for the little guy. I try to support small businesses if I can. Since 911 people have gotten very clever on how to make money. Good for them
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Lisa's Opinion
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02/26/2019
Thank you for voting to the positive on this😎
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Argument opposed

Bringing products to market for commercial purposes shouldn’t be a federally funded exercise. Future profits from bringing new products to market, not taxpayer money, should pay for commerciation activities.

JTJ's Opinion
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02/25/2019
No this is not the job of government. If you want to help entrepreneurs, then lower taxes and reduce regulation.
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burrkitty's Opinion
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02/26/2019
This is a corruption of what the NSF is supposed to be. Keep the funding for research science. There are plenty of resources out there for corporations to take government money. Let the market care for the market. Leave what little money goes to science for science.
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Jarsh's Opinion
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02/26/2019
This bill is the definition of crony capitalism. Let the free market sort itself out. This is an example of the house trying to buy votes.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Health, Education, Labor, and Pensions
  • The house Passed February 25th, 2019
    Roll Call Vote 385 Yea / 18 Nay
      house Committees
      Committee on Science, Space, and Technology
    IntroducedJanuary 14th, 2019

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What is House Bill H.R. 539?

This bill — the Innovators to Entrepreneurs Act of 2019 — would direct the National Science Foundation (NSF) to expand Small Business Innovation Research Program grantees’ participation in its Innovation Corps (I-Corps) program. It’d also direct the NSF to develop an I-Corps course for commercialization-ready participants to teach them skills like attracting investors, scaling up a company, and building a brand.

This bill would authorize $5 million for these activities in fiscal years 2020 and 2021.

The Comptroller General would be directed to evaluate the I-Corps program’s impact. This would entail assessing the effect of I-Corps on the commercialization of federally funded research and development, the higher education system, regional economies, and the national economy.

Impact

Entrepreneurs; the NSF; NSF I-Corps; and the Comptroller General.

Cost of House Bill H.R. 539

$5.00 Million
When this bill was introduced in the 115th Congress, the CBO estimated that implementing it would cost $5 million over the 2018-2021 period, assuming appropriation of the authorized amounts.

More Information

In-DepthRep. Dan Lipinski (D-IL) reintroduced this bill from the 115th Congress to enable broader participation in the NSF Innovation Corps (I-Corps) program and provide additional training for innovators to learn how to turn their research into new products and businesses:

“I’m so pleased to be joined by a bipartisan group of colleagues in the House and Senate to introduce this bill expanding the highly effective I-Corps program, something I have championed since its inception. Increasing the accessibility of I-Corps allows us to ensure the money we invest in research and development will spur job growth and boost our return on investment. This bill has been endorsed by a wide range of technology, venture capital, and academic stakeholders, and we’re optimistic it will become law with overwhelming bipartisan support.”

This bill has three bipartisan cosponsors, including two Republicans and one Democrat, in the current Congress. Last Congress, it passed the House by a 379-16 vote with the support of three bipartisan cosponsors, including two Republicans and one Democrat, but didn’t receive a vote in the Senate.  In the current Congress, a Senate version of this bill has been introduced by Sen. Chris Coons (D-DE) with the support of one cosponsor, Rep. Todd Young (R-IN).

The Information Technology and Innovation Foundation, the National Venture Capital Association, the Council on Government Relations, and the Association of Public and Land-Grant Universities,  I-Corps founding program officer and M34 Capital CEO Dr. Errol Arkilic, the National Venture Capital Association, the Association of American Universities, and the Association of Public and Land-Grant Universities support this bill.


Of NoteI-Corps, launched by the NSF in 2011, connects scientists and engineers with the technological, entrepreneurial, and business communities needed to move discoveries from laboratories to the market. Since 2012, I-Corps has trained over 1,300 teams, led to the formation of 644 startup companies, and resulted in over $300 million in follow-on funding raised.


Media:

Summary by Lorelei Yang

(Photo Credit: iStockphoto.com / PeopleImages)

AKA

Innovators to Entrepreneurs Act of 2019

Official Title

To require the Director of the National Science Foundation to develop an I-Corps course to support commercialization-ready innovation companies, and for other purposes.

    Overall, this bill seems good, but there needs to be a focus on entrepreneurs who are innovating in socially responsible and environmentally-friendly ways.
    Like (39)
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    No this is not the job of government. If you want to help entrepreneurs, then lower taxes and reduce regulation.
    Like (29)
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    Share
    This is a corruption of what the NSF is supposed to be. Keep the funding for research science. There are plenty of resources out there for corporations to take government money. Let the market care for the market. Leave what little money goes to science for science.
    Like (19)
    Follow
    Share
    This bill is the definition of crony capitalism. Let the free market sort itself out. This is an example of the house trying to buy votes.
    Like (12)
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    Share
    Who the heck cares...vote on things that are meaningful.
    Like (9)
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    The NSF isn’t another GOP opportunity to push business.
    Like (7)
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    I'm always for the little guy. I try to support small businesses if I can. Since 911 people have gotten very clever on how to make money. Good for them
    Like (7)
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    Share
    If there is a market for what they want to do, the free market will provide! If not DON'T SUBSIDIZE THEM! Just stop! You can't help!
    Like (6)
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    Removing government will make a more positive impact than additional bureaucracy.
    Like (4)
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    Bringing products to market for commercial purposes shouldn’t be a federally funded exercise. Future profits from bringing new products to market, not taxpayer money, should pay for commerciation activities.
    Like (3)
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    Thank you for voting to the positive on this😎
    Like (3)
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    Big government overreach, cronyism, and unnecessary monetary waste that would needlessly increase national debt.
    Like (2)
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    This diluted the integrity of science activities. Other concerns can be involved in the knowledge transfer, but we need first validated pure scientific conclusions. I’m against having the NSF involved in branding activities, which is a marketing function. Do you believe scientists should be guided by such things?
    Like (2)
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    End The NSF Stop funding fake science
    Like (2)
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    The Communist Democrat Party USA and the RINO Socialist Globalist Party don't know how to support business. They only want to tax it and wonder why it doesn't work for them.
    Like (2)
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    This looks like more of something for the Job Training Partnership Act, or Junior Achievement. At minimum there should be some connection to an agency tasked with workforce training. Connect the dots and build a better system, please.
    Like (2)
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    When the government is in business picking winners and losers in the economy, it is called socialism and always turns out bad.
    Like (2)
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    Just so long as we don’t make it some “green” deal to save the whales and stop the faux climate Armageddon
    Like (1)
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    This clearly has someone very specific in mind and is not truly designed as it sounds. I do not endorse this type of legislation or misappropriation of taxpayer funds.
    Like (1)
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    I graduated with money from NSF. This method to bridge to commercial uses for the developing technology is a great use of government money and is bipartisan.
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