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Since its inception in 1982, small businesses have received over $3.194 billion in funding in SBIR awards alone. The STTR program, created in 1992 to encourage cooperative research between small businesses and research institutes, has extended this support by another $423.3 million in funding as of 2019. To read about some of the exciting projects and small businesses that the DOE has sponsored through SBIR and STTR, please visit +++++EXTERNAL LINK ++ Success Stories+++++
The major goals of the SBIR Program, established in 1982 by Public Law 97-219, are to:
- Stimulate technological innovation
- Use small businesses to meet Federal R/R&D needs
- Foster and encourage participation by the socially and economically disadvantaged small businesses, and those that are 51 percent owned by women, in technological innovation
- Increase private sector commercialization of innovations derived from Feder R/R&D, thereby increasing competition, productivity, and economic growth
The major goals of the STTR Program, established in 1992 by Public Law 102-564, are to:
- Stimulate and foster scientific and technological innovation through cooperative research and development carried out between small business concerns and research institutions
- Foster technology transfer between small business concerns and research institutions