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An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

FAST Program

A program that provides funding and support to states to help small businesses develop and commercialize new technologies.

SBIR Program

Small Business Innovation Research Program; a federal program that gives grants to small businesses to conduct research and development with commercial potential.

STTR Program

Small Business Technology Transfer Program; a federal program similar to SBIR, but it requires small businesses to formally collaborate with a non-profit research institution (like a university) on their projects.

Minority Institution

An institution of higher education that serves a significant percentage of minority students, as defined by federal law.

Hispanic-serving Institution

An institution of higher education where at least 25 percent of the undergraduate full-time equivalent students are Hispanic.

Work Opportunity Tax Credit

A federal tax credit available to employers who hire individuals from certain target groups who have historically faced significant barriers to employment.

Service-connected disability

An injury or illness incurred or aggravated during active military service, for which veterans may receive compensation from the Department of Veterans Affairs.