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NASE Supports Extension of SBIR/STTR Programs

In a letter to Congressional leaders, the NASE joined over 100 organizations in supporting an extension of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. 

Failure to extend the program, "would be a crushing blow to American innovation and undermine small business job creation during our nation’s economic recovery. The SBIR/STTR programs, established in 1982, have a proven track record. As of 2019, the programs have provided over 179,000 awards, totaling more than $54.3 billion, to U.S. small businesses. A Defense Department assessment showed the SBIR/STTR programs have 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."

Read the letter of support.

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Courtesy of NASE.org
https://www.nase.org/about-us/media-relations/nase-in-the-news/2022/02/03/nase-supports-extension-of-sbir-sttr-programs