Small Business Innovation Research ^Investors

The Small Business Innovation Research (SBIR) is a government program aimed at supporting innovative small businesses in federally-funded research and development. Administered by the U.S. Small Business Administration (SBA) Office of Technology, the program ensures that small, high-tech, and innovative businesses play a significant role in the government's research efforts. The program is supported by eleven federal departments and awards $2 billion to small high-tech businesses. The SBIR program was established in 1982 to promote scientific excellence and technological innovation by investing federal research funds in critical American priorities. Its main goal is to build a strong national economy by supporting early-stage innovation ideas that are too high risk for private investors.