$1 Billion To Work On Ideas

The Small Business Innovation Research (SBIR) Program is a highly competitive program that encourages small businesses to explore their technological potential and provides the incentive to profit from its commercialization. Each year, ten federal departments and agencies are required to reserve a portion of their research and development funds to award to small businesses. SBIR funds the critical start-up and development stages and it encourages the commercialization of the technology, product, or service. There are three phases to the program: start-up, development, and marketplace. To learn more about how to apply and about the various agencies involved, contact Office of Technology, U.S. Small Business Administration, 409 Third St., SW, Washington, DC 20416; 202-205-6450

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