The U.S. Small Business Administration has announced two new federal advisory committees to advance support for startups and increase access to capital for small businesses: the Invention, Innovation and Entrepreneurship Advisory Committee (IIEAC) and the Investment Capital Advisory Committee (ICAC). According to a news release, the IIEAC will focus on innovation commercialization, lab-to-market translation and constructing a more equitable and inclusive federal innovation ecosystem. The ICAC will be geared toward developing a more inclusive investment ecosystem for small businesses and domestic private funds committing capital to small businesses, emphasizing access to patient investment capital and affordable private long-term loans. Each committee will consist of members with diverse experiences, backgrounds and occupations. The SBA is seeking nominations from members of the public. For more information about requirements to sit on the committees and how to submit a nomination, visit the SBA’s website.