Posted by Linda H on 11:29:00 AM
Posted by Linda H on 11:18:00 AM
Posted by Linda H on 5:59:00 AM
Last week, President Obama signed a bill reauthorizing the
Small Business Innovation Research (SBIR) and
Small Business Technology Transfer (STTR) programs for another six years. This long-term reauthorization is good news for the innovative small businesses that these programs support. SBIR and STTR invest about $2.5 billion a year in America’s most promising small research and development companies. Through SBIR and STTR, federal agencies with large R&D budgets provide competitive awards to help small businesses bring their best innovations from the drawing board to the marketplace. SBIR and STTR operate in three phases, providing support for research, development, and commercialization.
Over the years, SBIR and STTR have played a role in the growth of firms like Qualcomm, Symantec, and others. From 2002 to 2006, about 25% of
R&D Magazine’s top 100 annual innovations came from companies that had received an SBIR grant at some point in their history.
Apple Needs to Make it in America
