To establish and to expand partnerships that promote innovation and increase the economic and social impact of research by developing tools and resources to connect new scientific discoveries to practical uses.

Requires the Director of the National Science Foundation (NSF) to carry out a program to award merit-reviewed, competitive grants to institutions of higher education for the establishment and expansion of partnerships that promote innovation and increase the economic and social impact of research by developing the tools and resources to connect new scientific discoveries to practical uses.

Prohibits the use of funds under this Act for the construction or renovation of buildings and structures.