Small Business Innovation Research (SBIR) Program
The Small Business Innovation Research (SBIR) Program is a U.S. government initiative that supports small businesses engaged in research and development. It provides federal funding to help these businesses develop innovative technologies and ideas. The program aims to stimulate technological innovation, meet federal research needs, and promote collaboration between small businesses and research institutions. By offering grants and contracts, SBIR helps small companies turn their concepts into viable products, fostering economic growth and job creation while encouraging competition and innovation in various industries.
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The Small Business Innovation Research (SBIR) program is a U.S. government initiative that supports small businesses in developing innovative technologies. It provides funding to help these businesses conduct research and develop their ideas into potential products or services. The program is structured in three phases: initial feasibility studies, development of prototypes, and commercialization of the technology. By fostering innovation among small firms, SBIR not only promotes entrepreneurship but also aims to create job opportunities and enhance competitiveness in various industries.