The “FASTER” Act for the Federal Laboratory System

Authors: Brian Darmody & Rich Bendis


Summary 


The federal lab system is an enormous, $50 billion-plus enterprise of internal research and development (R&D) across the United States. As governments around the world, including China, pour billions of dollars into advanced technologies, it is imperative that we use our nation’s federal lab ecosystem as effectively as possible.


However, because federal labs have varying legal authorities, missions, and cultures, their records of local economic engagement and technology commercialization vary considerably. Universities, by contrast, have demonstrated a strong record of supporting regional innovation ecosystems through use of place (creating incubators, research parks, and adjacent innovation districts), talent (allowing university researchers to be involved with private-sector technology under approved and managed relationships), and innovation (using intermediary university foundations to take on business aspects of technology commercialization).


The Federal Authority for Science, Technology, Entrepreneurship, and Research (FASTER) Federal Labs Act will make it possible for all federal labs to use the tried-and-true tools that universities use for economic engagement and technology commercialization. The FASTER Federal Labs Act will do this by: (i) allowing surplus federal land to be used for public-private partnership facilities, (ii) creating clearer pathways for federal researchers to work with startup companies, and (iii) authorizing a federally charted tech-transfer organization based on models established at leading research universities. The FASTER Federal Labs Act will not require significant outlay of federal appropriations as many of its provisions simply give federal labs greater discretion over deployment of existing resources. The Act can be implemented relatively easily as an add-on to legislation expected to be considered by this Congress.


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About the Authors


Brian Darmody is CEO of the Association of University Research Parks (AURP), a global nonprofit representing research parks and innovation districts sponsored by universities, federal laboratories, hospital systems, and communities. Brian previously served in many roles at the University of Maryland, College Park, including Associate Vice President for Research and Economic Development and Assistant to the President for State and Federal Government Affairs. He serves on the Maryland Venture Authority Board, among other board positions.



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Rich Bendis is the Founder, President, and CEO of BioHealth Innovation, Inc. He is a successful entrepreneur, corporate executive, angel investor, investment banker, innovation and technology-based economic-development leader, international speaker, and consultant in the technology and healthcare industries. Rich is also the founding President and CEO of Innovation America (IA), a national public-private partnership focused on accelerating the growth of innovation economy in America. Rich serves on Maryland Governor Larry Hogan’s Life Science Advisory Board. He received a 2017 most influential Marylander award and a 2017 Maryland innovator of the year award. Rich is also the host of the BioTalk podcast series.