Bill Would Divert Small Biz R&D FundsOctober 4, 2017
Recently, the Small Business Technology Council (SBTC)—the hi-tech arm of NSBA—sent a letter to the House of Representatives urging opposition to legislation that would divert money away from the Small Business Technology Transfer (STTR) program. The legislation, the “Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2017” (HR 2763), while including some positive provisions supported by SBTC, would siphon off $100 million in small business/university team R&D funding over five years to give to university R&D and commercialization programs.
More than 100 small businesses signed on to SBTC’s letter urging Congress against taking money from job-creating small businesses, which receive only 1.7% of Federal R&D, to give more to universities, which already receive ten times as much. Among their concerns, the letter stated:
“The result will be devastating to the DOE, NASA and NSF STTR programs, where this money will drain some 20%-25% of their total budgets. This change would significantly reduce the number of STTR awards, and hundreds of high quality small business and university technologies and teams will not be funded if this provision is included.”
Please click here to download the full letter.