Small Business Innovation Voucher Act of 2025

This bill creates the Innovation Voucher Grant Program to provide small businesses with grants covering up to 75% of costs (up to $75,000 total) for purchasing technical assistance and services from eligible research institutions like universities or nonprofit labs. Small businesses (as defined by the Small Business Act) directly benefit by accessing advanced research capabilities, expertise, and infrastructure to develop new products or services. The program requires competitive applications, mandates post-project reporting on innovation outcomes, and authorizes $10 million annually from 2026-2030 to fund grants, with no more than 5% of funds used for administrative costs.