SBIR 2.0 - Innovative Improvements Supporting Innovative Entrepreneurs

Posted on Sep 19, 2010

SBIR 2.0 - The new and improved SBIR

Washington, DC - The Small Business Innovation Research (SBIR) Program will undergo a series of improvements in the coming months to increase the effectiveness and efficiency of the overall program. Together, these improvements will represent a new and improved SBIR, or as we are calling it, "SBIR 2.0".

SBIR 2.0 will make the program more entrepreneur-friendly to ensure entrepreneurs have the support they need to do what they do best - innovate and create jobs. By leveraging best practices among the 11 agencies who participate in SBIR and strengthening performance measurements to ensure effective operation government wide, SBIR 2.0 will produce better results for the program. SBIR 2.0 improvements will include:

Simplification and Streamlining

Better Performance Management

For additional background on SBIR 2.0, please see the Frequently Asked Questions.

About SBIR/Background/History

The SBIR program is a highly competitive three-phase award system which provides qualified small businesses with opportunities to propose innovative ideas that meet the specific research and development needs of the Federal Government. The program is a set aside from the external research budgets of 11 participating agencies with external research budgets greater than $100 million per year.

In the current economic environment, in which start-up companies are having difficulty accessing capital, the SBIR program is more important than ever. Last year, the SBIR program distributed approximately $2.5 billion in funding to small businesses, while the entire venture capital industry only put $1.7 billion into early-stage investments. The program is specifically designed to fund research and development projects that private sector investors may deem too early or too risky.

The goals of the SBIR Program include fostering innovation, using small business to meet federal research and development needs, enhancing private-sector commercialization of innovation, and increasing women and minority participation in technology innovation. The program has provided early funding for technology companies such as Qualcomm, Symantec, and Genentech.

Sep 20, 2010
Sep 20, 2010