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News & Press: WIPP Legislative Updates

Taking R&D to Market

Monday, April 11, 2016  
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WIPP Policy Update

Week of April 11, 2016

 

Taking R&D to Market


Did you know that the government funds innovative products and technological developments by small businesses through two programs, the Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) program? The partnerships between small firms and Federal agencies that are created through these programs are a win for both. The government gains access and direction over the research and the small company gets funding. During a three stage process, products, processes and services are developed in conjunction with a federal agency and ideally, the small business is ready to commercialize the product.

 

The SBA took a first step last week toward directing agencies to spur commercialization through contracts with the SBIR awardees beyond the initial stages of funding. SBA will encourage agencies to continue working with these innovative companies by establishing ongoing relationships and providing sole source procurement opportunities. In addition, the SBA is proposing that small businesses have exclusive control over their development data for 12 years – a substantial increase from the current 4-year period.

SBA’s updated policy directive reflects this ideal. Comments on the proposal are due by June 6 and can be electronically submitted here.

 

 


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