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The Importance of Small Business Innovation Research Funding

by Dr. Walt Warnick 09 Mar, 2011 in Technology

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs were established to provide funding to stimulate technological innovation in small businesses to meet federal agency research and development needs.  Under SBIR, federal agencies with large R&D budgets set aside a small fraction of their funding for competitions exclusively among small businesses.  Each year, the DOE Office of Science sets aside 2.8% of its research budget for SBIR (2.5%) and STTR (.3%) awards.  Small businesses that win SBIR awards keep the rights to any technology developed and are encouraged to commercialize the technology.

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