Tweaking SBIR To Attract VC Investment

Law360, New York (April 12, 2012, 2:06 PM EDT) -- The Small Business Innovation Research program reserves a portion of federal agency extramural research and development funding for small business. The program, having survived for five years on a series of short-term extensions — the congressional equivalent of life support — was finally reauthorized in late 2011 for a term ending in 2017.

In the reauthorization, Congress resolved a multiyear legislative battle concerning the appropriate role of venture capital firms in the SBIR program by directing the U.S. Small Business Administration to change its SBIR program...
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