US RepWill be paying close attention to this.

The Technology and Research Accelerating National Security and Future Economic Resiliency Act of 2013 or the TRANSFER Act of 2013 – Amends the Small Business Act to replace provisions requiring the Director of the National Institutes of Health to use funds for a Proof of Concept Partnership pilot program to accelerate the creation of small businesses and the commercialization of research innovations made by certain institutions with provisions directing each federal agency required to establish a small business technology transfer (STTR) program to carry out an Innovative Approaches to Technology Transfer Grant Program to support innovative approaches to technology transfer at institutions of higher education, nonprofit research institutions, and federal laboratories in order to accelerate the commercialization of federally funded research and technology by small businesses.

Innovative approaches to technology transfer:

USE OF FUNDS – Activities supported by grants under this subsection may include –

(I) providing early-stage proof of concept funding for translational research;
(II) identifying research and technologies at recipient institutions that have the potential for accelerated commercialization;
(III) technology maturation funding to support activities such as prototype construction, experiment analysis, product comparison, and collecting performance data;
(IV) technical validations, market research, clarifying intellectual property rights position and strategy, and investigating commercial and business opportunities; and
(V) programs to provide advice, mentoring, entrepreneurial education, project management, and technology and business development expertise to innovators and recipients of technology transfer licenses to maximize commercialization potential.

Latest Major Action: 9/24/2013 Referred to House subcommittee. Status: Referred to the Subcommittee on Research and Technology.

Stay tuned for more details and progress updates