INNOVATE Act

The INNOVATE Act amends the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs to better support small businesses developing innovative technologies for national security and commercial applications. Key provisions include creating a new "Phase 1A" program to help new small business entrants access the SBIR program with simplified 2-page proposals, establishing "strategic breakthrough" funding for defense-related technology development with specific eligibility requirements, and strengthening security measures to protect against foreign influence in research. The bill also streamlines commercialization requirements, adds new data collection standards for program evaluation, and extends SBIR/STTR program authorization through 2028. These changes primarily affect small businesses seeking federal research funding, federal agencies administering these programs, and defense contractors working on national security technologies.