The Small Business Innovation Voucher Act of 2026 directs the Small Business Administration to create a new grant program that helps small businesses pay for technical assistance and research services from universities and nonprofit research institutions. Eligible small businesses can receive between $15,000 and $75,000 in grants, with the federal government covering up to 75 percent of costs for smaller grants and up to 50 percent for larger ones, requiring businesses to contribute their own funding. The program aims to help small companies access advanced research capabilities, develop innovative products and services, and foster collaboration with research institutions. The bill authorizes $10 million annually for fiscal years 2026 through 2030, with no more than 5 percent of funds used for administrative costs. The SBA must establish the program within 180 days, award grants competitively within 180 days of application deadlines, and submit regular reports to Congress on the program's impact and outcomes.
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