DOD Entrepreneurial Innovation Act

DOD Entrepreneurial Innovation Act

This bill requires each military department to annually designate at least five eligible programs as Entrepreneurial Innovation Projects. Eligible programs are certain projects currently pursuing commercialization objectives that initially received funding for research and development through the Small Business Innovation Research Program or Small Business Technology Transfer Program. Once designated, programs must be included in future budgets and plans of the Department of Defense.

Each military department must establish an advisory panel to identify and recommend eligible programs for designation.

The DOD Entrepreneurial Innovation Act, also known as Bill 118 hr 273, is a piece of legislation introduced in the United States Congress. The purpose of this bill is to encourage innovation and entrepreneurship within the Department of Defense (DOD).

The main provisions of the bill include the establishment of a pilot program within the DOD that would allow for the creation of innovation hubs. These hubs would serve as spaces for collaboration between DOD personnel, private sector companies, and academic institutions to develop new technologies and solutions for national security challenges.

Additionally, the bill aims to streamline the process for DOD personnel to work with outside entities on innovative projects. This includes providing flexibility in contracting procedures and allowing for the use of alternative funding mechanisms such as prize competitions and grants. Overall, the DOD Entrepreneurial Innovation Act seeks to harness the creativity and expertise of a diverse range of stakeholders to drive innovation within the Department of Defense. By fostering a culture of entrepreneurship and collaboration, the bill aims to ensure that the US military remains at the forefront of technological advancements and national security capabilities.