SBIR/STTR Reauthorization: Extended Funding, Faster Awards, and Innovation Safeguards for Small Businesses.
This Act extends crucial federal R&D funding programs for small businesses (SBIR/STTR) until 2030, increasing funds available for technical and business assistance, including cybersecurity support. It establishes new fellowships and internships aimed at boosting participation among women and underrepresented groups in innovation. Furthermore, it mandates faster grant processing by federal agencies like the DoD and NIH and implements safeguards against foreign entities controlling sensitive technology development.
Key points
Key federal innovation programs (SBIR/STTR) are extended until 2030, ensuring continued R&D funding stability for small businesses.
Increased financial support for business and technical advice (TABA) for small firms, plus new fellowships and internships targeting diverse participants.
New rules require federal agencies to accelerate funding release (aiming for 90 days) and establish protections against foreign entities controlling small businesses developing critical technologies.
Status:
Expired
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