Latest News
- NCFC Commends Passage of Thursday, Nov 08, 2012
WASHINGTON, DC, November 8, 2011 – The National Coalition for Capital (NCFC) announced its support today Read More
- Bill Introduced to Encourage Friday, Jan 27, 2012
The Hawaii State Legislature on Wednesday introduced two bills to allow guarantees and credit enhancements to Read More
- FACT SHEET: President Obama’s Wednesday, Jan 25, 2012
In his State of the Union address, President Obama laid out a Blueprint for an America Read More
Key Programs
SMALL BUSINESS INNOVATION RESEARCH PROGRAM
SBIR encourages small business to explore their technological potential and provides the incentive to profit from its commercialization. SBIR targets the entrepreneurial sector because that is where most innovation and innovators thrive. However, the risk and expense of conducting serious R&D efforts are often beyond the means of many small businesses.
By reserving a specific percentage of federal R&D funds for small business, SBIR protects the small business and enables it to compete on the same level as larger businesses. SBIR funds the startup and development stages and it encourages the commercialization of the technology, product, or service, which, in turn, stimulates the U.S. economy. Since its enactment in 1982, as part of the Small Business Innovation Development Act, SBIR has helped thousands of small businesses to compete for federal research and development awards.