The Small Business Innovative Research Program is more important than ever
The Small Business Innovative Research (SBIR) Program is more important than ever in the era of COVID-19 and social unrest.
The SBIR Program was established in 1982 through the Small Business Innovation Development Act (The Act), to address concerns about the U.S. losing its competitiveness against emerging competitors and adversaries. The Program seeks to ensure that small businesses without access to capital receive an opportunity to develop new technology through federally-funded research and development. What started as a tiny experiment by Roland Tibbetts at the National Science Foundation (NSF) developed into more than $21 billion worth of research by more than 15,000 firms—resulting in more than 45,000 patents.
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