Remember when Congress voted to reauthorize the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs and the President signed the bill into law back in December, 2011? Implementing laws however, and doing it right, often takes just a little more time.
The programs are important to small businesses, each year providing more than $2 billion of R&D funding to innovative small business across a broad range of technologies. After a long series of temporary reauthorizations, this reauthorization will last six years, much to the appreciation of all parties involved.
Passage of the reauthorization made it necessary for SBA to modify the...