Establishes the Foundation for Enabling Biotechnology Innovation to accelerate biotechnology commercialization.
The bill establishes the Foundation for Enabling Biotechnology Innovation, a nonprofit foundation to accelerate commercialization of biotechnology products in the U.S. The Foundation aims to support and enhance Federal agencies' capacity and foster collaboration across sectors. It can develop expert recommendations, support public engagement, and conduct education and outreach activities. The Foundation will be governed by a Board of Directors, ensuring integrity and transparency. The Director of the National Science Foundation will transfer funds to the Foundation annually.
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