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The INNOVATE Act amends federal law to establish innovation as an official fifth mission of the Veterans Health Administration (VHA). The bill creates an Office of Innovation within the VHA, led by a Chief Innovation Officer, with authority to hire up to 250 specialized employees outside standard civil service rules, establish a Veterans Health Care Innovation Acceleration Fund, and enter into partnerships with private entities, nonprofits, and academic institutions to develop and commercialize health care technologies and services for veterans. The Office would streamline processes to enable the VHA to collaborate with early-stage businesses and other external partners on research, development, and deployment of innovative health care solutions.
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