The Technology Innovation Program (TIP) supports, promotes, and accelerates innovation in the United States through high-risk, high-reward research in areas of critical national need. TIP has the agility and flexibility to make targeted investments in transformational R&D that will ensure our nation's future through sustained technological leadership.
On November 18, 2011, President Obama signed the "Consolidated and Further Continuing Appropriations Act, 2012," that provided FY 2012 full-year appropriations through September 30, 2012 for the Department of Commerce. This bill included appropriations for the National Institute of Standards and Technology (NIST). However, there were no funds appropriated for the Technology Innovation Program. The Program is currently taking the necessary actions for an orderly shutdown.