Small Business Innovation Voucher Act of 2026

The Small Business Innovation Voucher Act of 2026 creates a new grant program to help small businesses purchase technical assistance and services from universities and nonprofit research labs. Under this competitive program, the Small Business Administration will award grants ranging from $15,000 to $75,000 to cover between 50% and 75% of the cost for projects aimed at developing new products or services. To receive funding, small businesses must submit an application detailing their project, and selected recipients are required to report on their results and how the project impacted their business after completion. The legislation authorizes $10 million per year from 2026 through 2030 to fund these grants and covers administrative expenses with up to 5% of the total appropriation.