Abstract
The Small Business Innovation Research (SBIR) Program was established by Congress in 1982 through the Small Business Innovation Development Act. The SBIR Program is currently authorized through the year 2000. The objectives ofthe SBIR Program include stimulating technological innovation in the private sector, strengthening the role of small business concerns in meeting federal research and development needs, increasing the commercial application of federally supported research results, and fostering and encouraging participation by socially and economically disadvantaged persons and women-owned small businesses in technological innovation. The SBIR Program is open to American-owned companies with less than 500 employees. It is a three phase program with Phase I being a six (6) months feasibility phase for a maximum of $100,000; Phase II being the development phase for twenty-four (24) months for a maximum of $750,000; and Phase ifi being the commercial phase where the company markets the developed technology through the use of private (nongovemment) funds.
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