Small Business Innovation Research: Few Agencies Made Awards to Small Businesses Majority-Owned by Multiple Venture Capital Operating Companies, Hedge Funds, or Private Equity Firms

Abstract

Among the 11 agencies participating in the Small Business Innovation Research (SBIR) program, from fiscal years 2015 through 2018, 3 agencies awarded contracts and grants to small businesses majority-owned by multiple venture capital operating companies, hedge funds, or private equity firms (investment companies and funds). Specifically, the Department of Health and Human Services' National Institutes of Health (NIH), the Department of Energy's Advanced Research Projects Agency-Energy, and the Department of Education's Institute for Education Sciences made a total of 62 awards and obligated $43.6 million to such businesses during this period. This amount constituted between 0.1 percent and 2.7 percent of these agencies' obligations for the SBIR program each year.

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Document Details

Document Type
Technical Report
Publication Date
Dec 21, 2018
Accession Number
AD1153439

Entities

People

  • John Neumann

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Administrative Law
  • Business Administration
  • Commerce
  • Congress
  • Directives
  • Electronic Mail
  • Environmental Protection
  • Federal Budgets
  • Governments
  • Health
  • Homeland Security
  • House Of Representatives
  • Investments
  • Law
  • Money
  • Public Health
  • Small Business
  • Standards
  • Technology Transfer
  • United States

Fields of Study

  • Business

Readers

  • Government Contracting/Procurement.
  • Government and Public Administration Law.
  • Small Business Innovation Research Program (SBIR) EDI Research and Innovation.