NHBR Article

U.S. tech grant programs extended

Wednesday, July 28, 2010

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In another 11th-hour reprieve, Congress has passed an extension authorizing funding for the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs through Sept. 30.

Without the extension – passed by both the House and the Senate on July 27 – funding for the SBIR, STTR and eight other programs would have expired on July 31.

(Similar programs under the Department of Defense had previously been extended through Sept. 30.)

This was the eighth short-term fix for the SBIR programs, but the House and Senate small business committees are reportedly close to a compromise bill that would provide long-term appropriations, possibly passing it before the Sept. 30 deadline.

Eleven federal agencies – including the Department of Defense and National Science Foundation — participate in the SBIR, STTR and related programs, which provide millions of dollars in grants — with awards reaching upwards of $750,000 to individual businesses meeting specific criteria. — CINDY KIBBE/NEW HAMPSHIRE BUSINESS REVIEW

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