The Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) programs (referred collectively hereafter as SBIR) directly target small innovative companies to participate in federally funded research and development. The SBIR program, established in the Small Business Innovation Development Act, requires agencies conducting substantial R&D to set aside funds earmarked for small business innovation efforts.
Since its inception, the program has consistently surpassed expectations, leading to continual growth and funding. SBIR grants leverage the well-known fact that the majority of innovation is found in small, not large, companies. And, the more than $50 billion of taxpayer money granted to small businesses has been pushed back into the economy with a more than 22:1 return.
3 Phases of SBIRs
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