Small Business Innovation Voucher Act of 2025

Sponsor: Catherine Cortez Masto (Democratic-NV)December 10, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Small businesses could get grants to develop new products and services.

A new bill would create a grant program to help small businesses pay for expert help to develop new products and services. These grants, ranging from $15,000 to $75,000, would cover part of the cost for businesses to work with universities or research labs. The goal is to boost innovation and create jobs across the country.

What Would Change

Currently, there is no federal program specifically offering competitive grants through the Small Business Administration for small businesses to purchase technical assistance and services from research institutions to advance innovation. If this bill becomes law, the SBA would establish an Innovation Voucher Grant Program. Small businesses could apply for grants between $15,000 and $75,000. These grants would cover a portion of the costs for expert help from universities or nonprofit research labs to develop new products and services.

Key Provisions

The Small Business Administration (SBA) would create an Innovation Voucher Grant Program within 180 days of the bill becoming law.
This program would award competitive grants to small businesses to help them pay for technical assistance and services from eligible entities like universities or nonprofit research labs.
Grants would range from $15,000 to $75,000, covering up to 75% of costs for grants under $50,000, and up to 50% for grants of $50,000 or more.
The program would help small businesses with research, development, or bringing new products and services to market.
The bill would set aside $10,000,000 annually for the government's budget years 2026 through 2030 to pay for the program.

View on Congress.gov

S 3415 · 119th Congress · December 10, 2025 · AI Summary by gemini-2.5-flash · 7/10

Small Business Innovation Voucher Act of 2025

What Would Change

Key Provisions

Lobbying Activity