Commerce Department Proposed Rule

2016-22286: Regional Innovation Program

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Public comment closed .

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Summary

Through this notice of proposed rulemaking ("NPRM"), the Economic Development Administration ("EDA" or "the Agency"), U.S. Department of Commerce ("DOC"), proposes and requests comments on the Agency's implementation of the Regional Innovation Program as authorized by section 27 of the Stevenson-Wydler Technology Innovation Act of 1980, as amended ("Stevenson-Wydler" or the "Act"). Through the Regional Innovation Strategies Program ("RIS Program"), the centerpiece of the Regional Innovation Program, EDA currently awards grants for capacity-building programs that provide proof-of-concept and commercialization assistance to innovators and entrepreneurs and for operational support for organizations that provide essential early- stage funding to startup companies. This NPRM, for the first time, lays out the overarching regulatory framework for the Regional Innovation Program and specifically focuses on outlining the structure of the RIS Program.

The agency’s own summary, as published.

What this changes

Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.

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