Lab-embedded entrepreneurship program

(a)

Definitions

In this section:(1)

Covered program

The term covered program means a program described in subsection (c).(2)

Eligible entity

(A)

In general

The term eligible entity means—(i)a National Laboratory; and(ii)an entity described in subparagraph (B) in partnership with a National Laboratory.(B)

Entity described

An entity referred to in subparagraph (A)(ii) is—(i)a nonprofit organization;(ii)an institution of higher education; and(iii)any other entity that the Secretary determines appropriate. (3)

Entrepreneurial fellow

The term entrepreneurial fellow means an individual participating in a covered program. (4)

National laboratory

The term National Laboratory has the meaning given the term in section 2 of the Energy Policy Act of 2005 (42 U.S.C. 15801). (5)

Program

The term program means the Lab-Embedded Entrepreneurship Program authorized under subsection (b). (6)

Secretary

The term Secretary means the Secretary of Energy.(b)

Program

The Secretary shall establish a program, to be known as the Lab-Embedded Entrepreneurship Program, under which the Secretary shall award grants to eligible entities for the purpose of establishing or maintaining a covered program. (c)

Covered programs

An eligible entity receiving a grant under the program shall use the grant funds to establish or maintain a lab-embedded entrepreneurship program to provide entrepreneurial fellows with access to National Laboratory research facilities, expertise, and mentorship—(1)to perform research and development; and(2)to gain expertise that may be required or beneficial for the commercial application of research ideas.(d)

Entrepreneurial fellows

(1)

In general

In participating in a covered program, an entrepreneurial fellow shall be provided by an eligible entity with—(A)opportunities for entrepreneurial training, professional development, and exposure to leaders from academia, industry, government, and finance, who may serve as advisors to or partners of an entrepreneurial fellow;(B)financial and technical support for research, development, and commercial application activities;(C)fellowship awards to cover costs of living, health insurance, and travel stipends for the duration of the fellowship; (D)market and customer discovery opportunities; (E)engagement with external stakeholders; and(F)any other resources determined appropriate by the Secretary.(2)

Priority

In carrying out a covered program, an eligible entity shall give priority to supporting entrepreneurial fellows with respect to professional development and development of a relevant technology. (3)

Intellectual property

In participating in a covered program, an entrepreneurial fellow shall retain all rights relating to intellectual property developed by the entrepreneurial fellow through activities carried out under the covered program. (e)

Partnerships

An eligible entity described in subparagraph (A)(i) of subsection (a)(2) that receives a grant under the program may carry out a covered program in partnership with 1 or more entities described in subparagraph (B) of that subsection.(f)

Metrics

The Secretary shall develop metrics to assess the effectiveness of each covered program in achieving the purposes of the program.(g)

Coordination; interagency collaboration

The Secretary shall—(1)oversee the planning and coordination of grants awarded under the program; and(2)collaborate with other Federal agencies, including the Department of Defense, regarding opportunities for Federal agencies to partner with covered programs.(h)

Best practices

The Secretary shall identify and disseminate to eligible entities best practices for achieving the purposes of the program. (i)

Assessments; reports

Not later than 4 years after the date of enactment of this Act, and not less frequently than biennially thereafter, the Secretary shall—(1)conduct an assessment of each covered program based on the metrics developed under subsection (f); and(2)submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Science, Space, and Technology of the House of Representatives a report summarizing the findings of those assessments.(j)

Authorization of appropriations

There is authorized to be appropriated to the Secretary to carry out this section $25,000,000 for each of fiscal years 2023 through 2027.