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H.R. 5411

BillFederalHouseIn Committee
Early-Stage Business Investment and Incubation Act of 2010
About This Bill
Committee
Latest Action · May 27, 2010
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Congress
111th (2009–2011)
Introduced
May 26, 2010
Cosponsors (0)
None
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Summary

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Early-Stage Business Investment and Incubation Act of 2010 - Directs the Secretary of Commerce to establish an early-stage business investment and incubation grant program (program) to support the development of early-stage businesses engaged primarily in the research, development, manufacturing, production, or marketing of specified technologies, aerospace, communications, or transportation. Limits individual grants to $5 million. Requires each grant recipient under the program to: (1) designate an individual as the grant fund manager; (2) establish a grant investment committee; and (3) assign to each assisted business a grant collaborator. Directs the Secretary to monitor and evaluate program effectiveness.

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