Commerce shall establish an advisory board to assist it in carrying out the Partnership.
The bill amends the Internal Revenue Code (IRC) to allow a tax credit for the purchase of qualified nanotechnology developer stock.
Commerce may establish within the Technology Administration a grant program to support the establishment and development of incubators (entities affiliated with or housed in degree-granting institutions that provide space and coordinated and specialized services to certain entrepreneurial businesses). Commerce shall establish a Nanotechnology Startup Advisory Council.
The National Science Foundation (NSF) shall establish a Nanoscale Science and Engineering Center for the development of computer aided design tools for nanotechnology applications.
The bill requires the establishment of nanotechnology research grant programs by: (1) the Department of Energy (DOE) to address the need for clean, cheap, renewable energy; (2) the Environmental Protection Agency to address technologies for remediation of pollution and other environmental protection technologies; (3) the Department of Homeland Security to address the need for sensors and other materials related to homeland security needs; and (4) the Department of Health and Human Services to address health-related applications of nanotechnology.
The National Nanotechnology Coordination Office shall transmit a nanotechnology research strategy establishing priorities for the federal government and industry.
The bill amends the IRC to: (1) allow a tax credit for nanotechnology education and training program expenses; and (2) revise, for purposes of Hope and Lifetime Learning tax credits, the definition of "eligible educational institution" to include commercial nanotechnology training providers.
The NSF shall establish: (1) a grant program for the development of curriculum materials for interdisciplinary nanotechnology courses at institutions of higher education, and (2) a program to encourage manufacturing companies to enter into partnerships with occupational training centers for the development of training to support nanotechnology manufacturing.
DOE shall transmit to Congress a strategy for increasing interaction on nanotechnology issues between scientists and engineers at DOE national laboratories and in the informal science education community.