SBA to give federal research grants a boost
| March 31, 2008 |  View for printing |
The U.S. Small Business Administration plans to increase the size limits on federal research contracts made to small companies through the Small Business Innovative Research program.
Eleven federal agencies with outside research budgets of $100 million or more are required to award at least 2.5 percent of this R&D spending to small businesses through the SBIR program, which was created in 1982.
The awards are granted in phases, with up to $100,000 available to test the technical merit or feasibility of an idea or technology, and $750,000 available for additional research and development and evaluation of the technology's commercial potential.
Kent Hoover Washington Bureau Chief
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