Reauthorization and Enhancement of Small Business Innovation and Technology Programs (SBIR/STTR).
This Act reauthorizes key federal programs supporting small business research and technology development (SBIR/STTR), extending the FAST program and pilot programs until 2030, and establishing new federal agency expenditure requirements through 2032 and beyond. It introduces new opportunities for innovators, including fellowships, enhanced technical assistance (like cybersecurity support), and simplified procedures. Citizens can expect that increased investment in small businesses will lead to the development of innovative products, and enhanced national security through stricter oversight of foreign entities in grant programs.
Key points
The FAST Program and various SBIR/STTR pilot programs are extended until September 30, 2030.
Federal agency expenditures for the SBIR program will gradually increase, reaching not less than 7% of the budget in fiscal year 2032 and thereafter.
New fellowships and internships are established for undergraduate, graduate, and postdoctoral levels within small businesses, with enhanced outreach to increase participation of women and socially/economically disadvantaged individuals.
Technical and business assistance (TABA) for small businesses is improved, increasing maximum support amounts (up to $6,500 in Phase I and $50,000 in Phase II) and including cybersecurity assistance.
Safeguards are codified to prevent small businesses majority-owned by venture capital, hedge funds, or private equity firms from receiving awards if they are controlled by a 'covered foreign entity,' enhancing national security.
Introduced
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