America’s innovation economy runs on small business

Still, one of the most important ways to strengthen America’s startup ecosystem requires no new federal initiatives or additional funding at all. Congress passed the bipartisan Bayh-Dole Act in 1980 to create a more effective pathway for federally funded research to become new technologies, products and businesses.

It requires policymakers to preserve a longstanding legal framework that has fueled American entrepreneurship for more than four decades.