House Ready to Steamroll Venture Capital Bill to change the Small Business Innovation Research (SBIR) program and the Small Business Technology Transfer (STTR) program.

It’s baaack! Rep. Sam Graves, R-Mo., introduced a bill this week in Congress that would make significant changes to two of the government’s most successful small business programs: the Small Business Innovation Research (SBIR) program and the Small Business Technology Transfer (STTR) program.

The most controversial provision would re-open these key government conduits of small business research grants to more venture capital firms. The Small Business Administration (SBA), which oversees the program, limited venture capital firm participation in 2003 because of its interpretation of what constitutes a "small business."

Keith Girard

Full Story: http://www.allbusiness.com/government/government-bodies-offices-us-federal-government/12358646-1.html

(Many thanks to http://www.NASVF.org for passing this along. Russ)