; (4) coordinate with the Technology Commercialization Officials of other Federal agencies to identify additional markets and commercialization pathways for promising SBIR and STTR program technologies; (5) submit to the Administration an annual report on the number of technologies from the SBIR or STTR program that have advanced commercialization activities, including information required in the commercialization impact assessment under subsection (xx) and how those activities may relate to support of the diversification of the United States supply chain; (6) submit to the Administration an annual report on actions taken by the Federal agency, and the results of those actions, to simplify, standardize, and expedite the application process and requirements, procedures, and contracts as required under subsection (hh) and described in subsection (xx)(E); and (7) carry out such other duties as the Federal agency determines necessary. . 22. Spurring innovation in underserved markets (a) In general The Small Business Act ( 15 U.S.C. 631 et seq.) is amended— (1) by redesignating section 49 ( 15 U.S.C. 631 note) as section 50; and (2) by inserting after section 48 ( 15 U.S.C. 657u ) the following: 49. Innovation Centers Program (a) Definitions In this section: (1) Accelerator The term accelerator means an organization— (A) that— (i) works with a startup or growing small business concern for a predetermined period; and (ii) provides mentorship and instruction to scale businesses; and (B) that may— (i) provide, but is not exclusively designed to provide, seed investment in exchange for a small amount of equity; and (ii) offer startup capital or the opportunity to raise capital from outside investors. (2) Federally recognized area of economic distress The term federally recognized area of economic distress means— (A) a HUBZone; or (B) an area that has been designated as— (i) an empowerment zone under section 1391 of the Internal Revenue Code of 1986