Small Business Research Programs: SBIR and STTR
Abstract
The Small Business Innovation Research (SBIR) program was established in 1982 by the Small Business Innovation Development Act (P.L. 97-219) to increase the participation of small innovative companies in federally funded research and development (R and D). The act requires federal agencies with extramural R and D budgets of $100 million or more to set aside a portion of these funds to finance an agency-run SBIR program. As of 2020, 11 federal agencies operate SBIR programs. A complementary program, the Small Business Technology Transfer (STTR) program, was created by the Small Business Research and Development Enhancement Act of 1992 (P.L. 102-564) to facilitate the commercialization of university and federal R and D by small companies. Agencies with extramural R and D budgets of $1 billion or more are required to set aside a portion of these funds to finance an agency-run STTR program. As of 2020, five federal agencies operate STTR programs.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 05, 2020
- Accession Number
- AD1124246
Entities
People
- Marcy E. Gallo
Organizations
- Library of Congress