Commercialization impact assessment

Section 9 of the Small Business Act (15 U.S.C. 638), as amended by section 303, is amended by adding at the end the following: (ccc) Commercialization impact assessment (1) In general The Administrator shall coordinate with the head of each Federal agency with an SBIR or STTR program to develop an annual commercialization impact assessment, which shall measure, for each small business concern that has received not less than 50 Phase II awards on or after October 1 of the ninth full fiscal year beginning before the fiscal year in which the assessment is carried out— (A) the total dollar value of Federal awards, subgrants, contracts, and subcontracts, other than SBIR or STTR awards, received by the small business concern in the preceding 9 fiscal years; (B) the total dollar value of all SBIR and STTR Phase I and Phase II awards received by the small business concern in the preceding 9 fiscal years; (C) the average annual gross revenue of the small business concern over the preceding 9 fiscal years; (D) the total revenue of the small business concern received or realized in the preceding 9 fiscal years from the sale or licensing of any product or service resulting from research conducted under an SBIR or STTR award, which shall be disaggregated by the revenue from those sales and the revenue from that licensing; (E) additional investments in the small business concern from any source, other than Phase I or Phase II SBIR or STTR awards, to further the research and development conducted under an SBIR or STTR award received by the small business concern in the preceding 9 fiscal years; (F) any mergers and acquisitions of SBIR or STTR award recipients during or after the completion of a Phase II award; (G) new, unique spin-out companies and third party revenues from any businesses in the preceding 9 fiscal years resulting from research conducted by the small business concern under an SBIR or STTR award; (H) the year in which the first Phase II award was received by the small business concern and the total number of employees of the small business concern at the time of the first Phase II award; (I) the number of employees, as of the end of the most recently completed fiscal year; and (J) the total number and value of Phase III awards received by the small business concern. (2) Publication The Administrator shall create a report on the findings of each commercialization impact assessment and shall— (A) include that report in the annual report required under subsection (b)(7); and (B) submit that report to— (i) the Committee on Small Business and Entrepreneurship of the Senate; and (ii) the Committee on Science, Space, and Technology and the Committee on Small Business of the House of Representatives..