Federal agencies with extramural R&D budgets that exceed $1 billion are required to reserve 0.45% (since FY2016) of this extramural R&D budget for the STTR program. Currently, eleven Federal businesses take part in the SBIR program and 5 of those companies also participate within the STTR program. Central to the STTR program is the partnership between small businesses and nonprofit research establishments. The STTR program requires the small business to formally collaborate with a analysis institution in Phase I and Phase II. STTR’s most essential role is to bridge the hole between performance of primary science and commercialization of ensuing innovations.
The knowledge, which was launched after weeks of pressure from media retailers and lawmakers, paints a picture of a haphazard first-come, first-served program that was not designed to judge the relative need of the recipients. While it buttressed a swath of industries and entities, including restaurants, medical places of … Read More