The Small Business Innovation Research (or SBIR) program is a United States Government program, coordinated by the Small Business Administration, in which 2.5% of the total extramural research budgets of all federal agencies with extramural research budgets in excess of $100 million are reserved for contracts or grants to small businesses. In 2010, that represented over $1Billion in research funds. Over half the awards are to firms with fewer than 25 people and a third to firms of fewer than 10. A fifth are minority or women-owned businesses. A quarter of the companies in FY10 were first-time winners.
Read more about Small Business Innovation Research: History, Research Grants, Related Programs, Initiatives, Participating Agencies
Famous quotes containing the words small, business, innovation and/or research:
“It is too late—the world is too dark for any thought ahead. Others are writing my biography, and let it rest as they elect to make it. I have lived my life, well and ill, always less well than I wanted it to be but it is, as it is, and as it has been; so small a thing, to have had so much about it!”
—Clara Barton (1821–1912)
“It is indolence ... indolence and love of ease; a want of all laudable ambition, of taste for good company, or of inclination to take the trouble of being agreeable, which make men clergymen. A clergyman has nothing to do but be slovenly and selfish; read the newspaper, watch the weather, and quarrel with his wife. His curate does all the work and the business of his own life is to dine.”
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