Technological Innovation Government Programs
For small businesses looking to conduct research and development, while needing funds to realize their small business technology, check out The Small Business Innovation Research (SBIR) program . The SBIR "is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization." The "SBIR funds the critical startup and development stages and it encourages the commercialization of the technology, product, or service, which, in turn, stimulates the U.S. economy." The program started in 1982 (President Regan) and encompasses several US federal agencies. Another US federal government program focusing on small business technology companies is The Small Business Technology Transfer (STTR) . The STTR "expands funding opportunities in the federal innovation research and development (R&D) arena." Like the SBIR, the STTR is a three phase program...