The Small Business Research and Innovation Act is part of a long-term economic blueprint to spur job creation by encouraging America’s entrepreneurs to innovate toward breakthrough technological advancements.
The bill modernizes the government’s largest small business research and development programs, the Small Business Innovation Research (SBIR) program and the Small Business Technology Transfer (STTR) program, more than doubling the amount of the grants small businesses can apply for and helping them engage in cutting-edge research.
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