Boosting Small Business Innovation and Protecting Against Foreign Influence
This Act aims to improve programs supporting small businesses in technology development, especially those critical for national defense. It introduces new funding rules, simplifies program access for new entrants, and strengthens protections against undesirable foreign influence, impacting national security and economic growth.
Key points
Increased funding for small businesses developing military technologies, with up to $30 million per project available.
Easier access to support programs for new companies, including a new "Phase 1A" program with a simplified application process.
Enhanced scrutiny of foreign affiliations for companies seeking awards to protect innovations from adverse foreign influence.
Introduction of fixed-price contracts to provide greater cost predictability for small businesses.
Extension of small business support programs until 2028, ensuring stable funding for innovation.
Introduced
Citizen Poll