Search Penny Hill Press

Loading...

Tuesday, November 27, 2012

Small Business Innovation Research (SBIR) Program



Wendy H. Schacht
Specialist in Science and Technology Policy

In 1982, the Small Business Innovation Development Act (P.L. 97-219) established Small Business Innovation Research (SBIR) programs within the major federal research and development (R&D) agencies designed to increase participation of small innovative companies in federally funded R&D. Government agencies with R&D budgets of $100 million or more are required to set aside a portion of these funds to finance the SBIR activity. Through FY2009, over 112,500 awards have been made totaling more than $26.9 billion.

Reauthorized several times over the years, the SBIR program was scheduled to terminate on September 30, 2008. A companion pilot activity, the Small Business Technology Transfer (STTR) program, was scheduled to end the following year. A series of temporary extensions kept both programs in operation until the SBIR/STTR Reauthorization Act of 2011 was enacted as Title LI of the National Defense Authorization Act for Fiscal Year 2012, P.L. 112-81.

In general, the new legislation reauthorizes the SBIR and STTR programs through September 30, 2017; incrementally increases the set aside for the SBIR effort to 3.2% by FY2017 and beyond; incrementally expands the set aside for the STTR activity to 0.45% in FY2016 and beyond; increases the amount of Phase I and Phase II awards; allows the National Institutes of Health, the Department of Energy, and the National Science Foundation to award up to 25% of SBIR funds to small businesses that are majority-owned by venture capital companies, hedge funds, or private equity firms and other agencies to award up to 15% of SBIR funds to such firms; creates commercialization pilot programs; and expands oversight activities, among other things.



Date of Report: November 14, 2012
Number of Pages: 12
Order Number: 96-402
Price: $29.95

To Order:


96-402.pdf  to use the SECURE SHOPPING CART

e-mail congress@pennyhill.com

Phone 301-253-0881

For email and phone orders, provide a Visa, MasterCard, American Express, or Discover card number, expiration date, and name on the card. Indicate whether you want e-mail or postal delivery. Phone orders are preferred and receive priority processing.