Small Business Innovation Research Program

In 1982, Congress passed the Small Business Innovation Development Act, creating the federal Small Business Innovation Research (SBIR) Program. The purpose of the SBIR program is to increase the opportunity for small firms to participate in federal research and development. In addition to encouraging the participation of small businesses, the program is designed to stimulate the conversion of research findings into commercial application. The act pegged the SBA to run the program, govern its policy, monitor its progress, and analyze its results. The SBIR grant program has awarded over $9.5 billion since it began in 1982.
Ten federal agencies with an extramural budget for research or research and development ...

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