(b) Commercialization promotion
The Director of the Foundation shall continue to award grants on a competitive, merit-reviewed basis to eligible entities to promote the commercialization of federally funded research results.
(c) Use of fundsActivities supported by grants under this section may include—
(1)
identifying Foundation-sponsored research and technologies that have the potential for accelerated commercialization;
(2)
supporting prior or current Foundation-sponsored investigators, institutions of higher education, and non-profit organizations that partner with an institution of higher education in undertaking proof-of-concept work, including development of prototypes of technologies that are derived from Foundation-sponsored research and have potential market value;
(3)
promoting sustainable partnerships between Foundation-funded institutions, industry, and other organizations within academia and the private sector with the purpose of accelerating the transfer of technology;
(d) Eligibility