US Must Fix Small Business Program Data Collection: GAO

Law360, New York (September 14, 2011, 7:55 PM EDT) -- The U.S. Small Business Administration should work with federal agencies to improve data collection so that it can better evaluate the success of the Small Business Innovation Research program, the U.S. Government Accountability Office said in a report released Wednesday.

Federal agencies that spend $100 million or more on research and development contracts must participate in SBIR, funded by at least 2.5 percent of the R&D budget.

SBIR has four purposes: to meet federal R&D needs, stimulate technological innovation, increase sales of inventions developed with federal...
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