WASHINGTON--(BUSINESS WIRE)--Today, the Coalition of Small Business Innovators (CSBI) applauds Reps. Pat Meehan (R-PA), Richard Neal (D-MA), Mike Kelly (R-PA), Ron Kind (D-WI), and John Larson (D-CT) for introducing the Partnerships to Advance Revolutionary Technology and Novel Entrepreneurial Research (PARTNER) Act (H.R. 2179). CSBI represents emerging businesses across a wide range of innovative industries, and this important legislation would incentivize investors to support their growth at the earliest stages of research.
The PARTNER Act would address the unique obstacles faced by pre-revenue, research-intensive small businesses. Specifically, the legislation would reform the rules on how private investors can enter into partnerships with small, early-stage R&D companies. This change will make it easier for pre-revenue companies engaged in innovative research to attract the investment they need to develop new technologies and bring their products to market – spurring economic growth and job creation in the process.
The innovation incentives in the current tax code do not benefit not-yet-profitable companies – yet these companies are the heart of America’s innovation ecosystem. The PARTNER Act would incentivize investment in groundbreaking R&D being conducted at CSBI member companies across the country. The PARTNER Act is critical to the continued vitality of next generation innovators and is a much-needed step to ensure that America maintains its place as a leader in the 21st century global economy.
For more information on CSBI, please visit www.smallbusinessinnovators.org.
The Coalition of Small Business Innovators is a national, non-partisan coalition of organizations dedicated to stimulating sustained, private investment in small companies focusing on the development of transformative, life-changing new technologies. With small businesses working to advance research, development, and manufacturing of technologies that have the potential to solve critical economic, environmental, and societal challenges around the world, we seek to educate lawmakers and the public about the value of stimulating investment in these companies. More information about CSBI can be found at smallbusinessinnovators.org or on Twitter (@SmBizInnovators).
Advanced Medical Technology Association (AdvaMed)
Algae Biomass Organization (ABO)
American Small Manufacturers Coalition (ASMC)
Association of Clinical Research Organizations (ACRO)
BioPharma Research Council (BRC)
Biotechnology Industry Organization (BIO)
Center for Innovative Technology (CIT)
Commercial Spaceflight Federation (CSF)
Computing Technology Industry Association (CompTIA)
Energy Storage Association (ESA)
Fuel Cell & Hydrogen Energy Association (FCHEA)
Medical Device Manufacturers Association (MDMA)
Nano Network of New Mexico (NNNM)
NanoBusiness Commercialization Association (NanoBCA)
National Association of State Energy Officials (NASEO)
National Council for Advanced Manufacturing (NACFAM)
National Defense Industrial Association (NDIA)
National Venture Capital Association (NVCA)
Neurotechnology Industry Organization (NIO)
Technology Councils of North America (TECNA)
Water Innovations Alliance (WIA)