; (iv) providing off-campus facilities for start-up companies where technology maturation could occur; and (v) revising institution policies to accomplish the goals of this paragraph. (8) Test beds (A) Program authorized The Director, acting through the Deputy Director, shall establish a program in the Directorate to award grants, on a competitive basis, to institutions of higher education or consortia described in paragraph (3)(A)(i)(III) to establish test beds and fabrication facilities to advance the operation, integration and, as appropriate, manufacturing of new, innovative technologies in the key technology focus areas, which may include hardware or software. The goal of such test beds and facilities shall be to accelerate the movement of innovative technologies into the commercial market through existing and new companies. (B) Proposals A proposal submitted under this paragraph shall, at a minimum, describe— (i) (I) the 1 or more technologies that will be the focus of the test bed or fabrication facility; (II) the goals of the work to be done at the test bed or facility; and (III) the expected schedule for completing that work; (ii) how the applicant will assemble a workforce with the skills needed to operate the test bed or facility; (iii) how the applicant will ensure that work in the test bed or facility will contribute to the commercial viability of any technologies, which may include collaboration and funding from industry partners; (iv) how the applicant will encourage the participation of entrepreneurs and the development of new businesses; and (v) how the test bed or facility will operate after Federal funding has ended. (C) Awards Grants made under this paragraph— (i) shall be for 5 years, with the possibility of one 3-year extension