Technology Commercialization Official

Section 9 of the Small Business Act (15 U.S.C. 638), as amended by section 204, is further amended by adding at the end the following new subsection: (bbb) Technology Commercialization Official The head of each Federal agency required to establish an SBIR or STTR program shall— (1) designate an existing official within such Federal agency as the Technology Commercialization Official of such Federal agency, who shall— (A) have sufficient experience with commercialization; (B) provide guidance to recipients of SBIR or STTR awards on commercializing and transitioning technologies; (C) coordinate with the Administrator and the Technology Commercialization Officials of other Federal agencies to identify additional markets and commercialization pathways for promising SBIR and STTR program technologies; (D) submit to the Administrator an annual report on the number of technologies from such SBIR or STTR program that have advanced commercialization activities, including the relevant information required in the commercialization impact assessment report under subsection (ccc); (E) identify and advocate for SBIR and STTR technologies with sufficient technology and commercialization readiness to advance to Phase III awards or other non-SBIR or STTR program contracts; (F) submit to the Administrator an annual report on— (i) the actions taken by such Federal agency to simply, standardize, and expedite the application process and requirements, procedures, and contracts as required under subsection (hh); and (ii) the results of the actions taken under clause (i); and (G) carry out such other duties as the head of such Federal agency determines necessary; or (2) identify an official in such Federal agency carrying out responsibilities that are substantially similar to those described in subparagraphs (A) through (F) of paragraph (1)..