Established by the America COMPETES Reauthorization Act of 2010 and housed within the Economic Development Administration (EDA), the Office of Innovation and Entrepreneurship (OIE) aims “to foster innovation and the commercialization of new technologies, products, processes, and services with the goal of promoting productivity and economic growth in the United States.”
OIE operates two primary initiatives that focus on increasing the rate at which innovations, including Federally-funded research, are translated into jobs and economic growth and on promoting and supporting high-growth entrepreneurship:
The Regional Innovation Strategies (RIS) Program, a catalytic national grant program focused on regional capacity-building.
Federal Advisory Committee
The National Advisory Committee on Innovation and Entrepreneurship (NACIE), a Federal advisory committee chaired by the Secretary of Commerce.
In addition, OIE provides ad hoc policy expertise on innovation, technology commercialization, and high-growth entrepreneurship to other agencies and the White House and through various fora within and beyond the Federal government.
Need help? Contact the OIE Team