shall publicly release any recommendations made under subclause (II). (IV) Consideration of recommendations In awarding grants under this subsection, the Secretary shall take into consideration the recommendations of the Council under subclause (II). (B) Commercialization capacity building grants (i) In general The Secretary shall award grants to eligible entities to support specific innovative initiatives to improve the regional capacity for private companies, faculty, staff, and students of institutions of higher education, or entrepreneurs to commercialize technology originating from federally funded research. (ii) Content of proposals Grants shall be awarded under this subparagraph for— (I) proposals demonstrating the capacity for accelerated com­mer­cial­i­za­tion, proof-of-concept pro­fi­cien­cy, and translating scientific discoveries and cutting-edge inventions into technological innovations and new companies