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DOC/EDA RIN: 0610-AA68 Publication ID: Fall 2016 
Title: ●Regional Innovation Program 

The Economic Development Administration (EDA) issues this proposed rule to implement the Regional Innovation Program as authorized by section 27 (15 U.S.C. 3722) of the Stevenson-Wydler Technology Innovation Act of 1980, as amended (15 U.S.C. 3701 et seq.) ("Stevenson-Wydler" or the "Act"). Through the Regional Innovation Strategies Program ("RIS Program"), the centerpiece of the Regional Innovation Program, EDA is committed to fostering connected, innovation-centric economic sectors which support technology commercialization--the conversion of research into products and services, business, and ultimately jobs--through entrepreneurship. The realization of this goal requires building public and private capacity to invent, improve, and commercialize new products and services. To that end, RIS grant funding propels programs that build regional capacity to support innovators and entrepreneurs, such as through proof-of-concept and commercialization programs and centers, including the scaling up of existing commercialization programs and centers, and through programs that provide access to capital for early-stage companies. Major sections of the proposed rule will include a description of the functions of EDA's Office of Innovation and Entrepreneurship, the mission and objectives of the RIS program, definitions, eligibility requirements, investment rates, and application requirements.

Agency: Department of Commerce(DOC)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 312   
Legal Authority: 15 U.S.C. 3701    Department of Commerce Organization Order 104   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/21/2016  81 FR 64805   
NPRM Comment Period End  11/21/2016 
Final Action  05/00/2017 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Mara Campbell
Department of Commerce
Economic Development Administration
1401 Constitution Avenue NW, Mailstop 72023,
Washington, DC 20230
Phone:202 482-9055