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- 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