Final answer:
NIST, founded in 1901, is a non-regulatory federal agency tasked with promoting innovation and industrial competitiveness through advancements in measurement science and technology.
Step-by-step explanation:
Founded in 1901, NIST, or the National Institute of Standards and Technology, is a non-regulatory federal agency within the US Department of Commerce. The mission of NIST is to promote innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance security and improve our quality of life.