FACACLASSIC

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DOC - 72237 - National Advisory Council on Innovation and Entrepreneurship - Statutory (Congress Created)

GENERAL INFORMATION

Committee Name	National Advisory Council on Innovation and Entrepreneurship	Agency Name	Department of Commerce
Fiscal Year	2025	Committee Number	72237
Original Establishment Date	11/10/2009	Committee Status	Chartered
Actual Termination Date		Committee URL	https://www.eda.gov/strategic-initiatives/natio...
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	33
Terminated This FY	No	Designated Fed Officer Position Title*	Tech Hubs Program Officer
Merged This FY		Designated Federal Officer Prefix
Current Charter Date	12/7/2023	Designated Federal Officer First Name*	Amanda
Date Of Renewal Charter	12/7/2025	Designated Federal Officer Middle Name
Projected Termination Date		Designated Federal Officer Last Name*	Kosty
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*	(202) 7313439
Establishment Authority*	Statutory (Congress Created)	Designated Federal Officer Fax*	(202) 482-4781
Specific Establishment Authority*	America COMPETES Reauthorization Act of 2010, Public Law 111-358 § 601(c), 15 U.S.C. § 3720(c)	Designated Federal Officer Email*	akosty@eda.gov
Effective Date Of Authority*	1/4/2011
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	National Policy Issue Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Continue
Legislation to Terminate Required	Not Applicable
Legislation Status	Not Applicable
How does cmte accomplish its purpose?*	NACIE engages senior officials from the Department of Commerce and throughout the public and private sectors to vet, validate, or recommend changes and additions to policies for advancing job creation, economic growth, and global competitiveness through innovation and entrepreneurship. Its recommendations span a wide array of issues--such as access to capital, technology commercialization, and workforce development--that affect the success of entrepreneurs throughout the U.S.
How is membership balanced?*	NACIE’s membership consists of leaders and experts on innovation, technology commercialization, and related workforce issues, including but not limited to successful entrepreneurs, investors, researchers, and leaders from the nonprofit and academic sectors.
How frequent & relevant are cmte mtgs?*	Meetings generally are held quarterly, with additional meetings convened as needed to discuss draft reports and vote on recommendations. Meetings are essential to NACIE's operations and relevance: they serve as the primary venues at which members learn about Administration priorities, and they provide fora in which NACIE members can publicly debate issues and make policy recommendations to further those priorities. Meetings have resulted in NACIE policy recommendations that were embodied by key crowdfunding language in the Jumpstart Our Business Startups Act of 2012, P.L. 112-106 (the JOBS Act) in recommendations for the creation of an encyclopedia of innovation indexes and measures for four specific measures to improve the economic impacts of the Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) Programs, and in regional innovation policy language in the CHIPS and Science Act of 2022.
Why advice can't be obtained elsewhere?*	Innovation and entrepreneurship are critical components of a sound and flourishing economy, and entrepreneurs—and the companies they start and grow—are the lifeblood of American prosperity. Their ideas fuel the country’s innovation while their companies propel our economy forward. They create new jobs and make local, regional, and national economies more resilient and more globally competitive. Deriving inspiration from economic challenges, social needs, or pure business acumen, entrepreneurs harness their passions and drive to translate dreams into jobs. They identify and scale innovations throughout the economy, create businesses across every sector that manufacture value-added products in the U.S., and increase American global competitiveness and the potential for high-value exports. NACIE members, who are drawn from a diverse range of recognized experts, are necessary to ensure that the Department of Commerce is supporting and encouraging innovation and entrepreneurship effectively.
Why close or partially close meetings?	N/A
Recommendation Remarks

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	Yes	Action Reallocate Resources	No
Outcome Major Policy Changes	Yes	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	Yes	Action Other	No
Outcome Increased Customer Satisfaction	Yes	Action Comment	N/A
Outcome Implement Laws/Reg Requirements	No	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	NA	Number Of Grants Recommended	0
Cost Savings*	None	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	None	Grants Review Comment	N/A
Number Of Recommendations*	25	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	10 recommendations were made in 2024.	Access Agency Website	Yes
% of Recs Fully Implemented*	16.00%	Access Committee Website	Yes
% of Recs Fully Implemented Comment	Four of the 25 recommendations were fully implemented.	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	20.00%	Access Publications	No
% of Recs Partially Implemented Comment	Five of the 25 recommendations have been partially implemented.	Access Other	No
Agency Feedback*	Yes	Access Comment	NACIE's web page can be found at https://www.eda.gov/strategic-initiatives/national-advisory-council-on-innovation-and-entrepreneurship
Agency Feedback Comment*	The agency provides feedback during public meetings, and the public can find information on that feedback in the public meeting minutes.	Narrative Description*	Innovation and entrepreneurship are critical components of a sound and flourishing economy, and entrepreneurs—and the companies they start and grow—are the lifeblood of American prosperity. Their ideas fuel the country’s innovation while their companies propel our economy forward. They create new jobs and make local, regional, and national economies more resilient and more globally competitive. Deriving inspiration from economic challenges, social needs, or pure business acumen, entrepreneurs harness their passions and drive to translate dreams into jobs. They identify and scale innovations throughout the economy, create businesses across every sector that manufacture value-added products in the U.S., and increase American global competitiveness and the potential for high-value exports. NACIE directly addresses and supports the agency's mission by advising the Secretary and Administration on ways to foster innovation, accelerate technology commercialization, and promote and support entrepreneurship throughout the U.S.

COSTS

1. Payments to Non-Federal Members*	$0.00	1. Est Paymnts to Non-Fed Membrs Nxt FY*	$0.00
2. Payments to Federal Members*		2. Est. Payments to Fed Members Next FY*	$0.00
3. Payments to Federal Staff*		3. Estimated Payments to Federal Staff*	$0.00
4. Payments to Consultants*		4. Est. Payments to Consultants Next FY*	$0.00
5. Travel Reimb. For Non-Federal Membrs*	$0.00	5. Est Travel Reimb Non-Fed Membr nxtFY*	$0.00
6. Travel Reimb. For Federal Members*	$0.00	6. Est Travel Reimb For Fed Members*	$0.00
7. Travel Reimb. For Federal Staff*	$0.00	7. Est. Travel Reimb to Fed Staf Nxt FY*	$0.00
8. Travel Reimb. For Consultants*	$0.00	8. Est Travel Reimb to Consltnts Nxt FY*	$0.00
10. Other Costs		10. Est. Other Costs Next FY*	$0.00
11. Total Costs	$0.00	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	9/26/2025 2:15 PM	Est. Fed Staff Support Next FY*	0.00
Federal Staff Support (FTE)*		Est Cost Remarks	EDA does not plan on hosting NACIE meetings in FY 2026.
Cost Remarks

Interest Areas

Category Area Business Business and Domestic Commerce Manufacturing Patents and Trademarks Small Business Computer Technology Artificial Intelligence Technology Semiconductors Finance Finance Investment Labor Employment Job Training Workforce and Occupations Research Research and Development Science and Technology Innovation Science and Technology Trade Competitiveness

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