URGENT Action Needed on SBIR

February 2, 2022

Yesterday, Chair of the House Small Business Committee, Rep. Nydia Velazquez introduced a simple 5-year extension of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer programs (STTR) as an amendment to the America COMPETES Act currently under debate in the House of Representatives. 

The SBIR/STTR programs are set to expire in less than 240 days, on Sept. 30, 2022. These programs are an essential source of R&D funding to high-tech small businesses, and allowing them to end could have a devastating impact on American innovation and the overall economy.  

NSBA is calling on all small-business owners to urge their lawmakers to vote YES on the Velazquez Amendment #135 (Rules package item 253) to extend the SBIR/STTR programs and related pilots.

As of 2019, the program has provided over 179,000 awards, totaling more than $54.3 billion, to U.S. small businesses. A Defense Department assessment showed the SBIR/STTR Program has generated a 22:1 return for every federal dollar spent, and a study by the National Academy of Sciences found a commercialization rate of between 50-60% for SBIR/STTR investments-a win-win for the U.S. economy and taxpayer.