Major Advantages Of SBIR Program
Efficient use of federal R&D funds
Significant amounts of R&D money reserved for small, innovative firms (soon more than $1 billion annually)
Program provides a specific “shopping list” for small firms: lets us know what the government agencies need
Provides funding for early-stage feasibility and prototype studies--the type of R&D that private firms and financing groups won’t invest in
Does not penalize a firm for being small
Provides valuable credibility to winning companies
Offers a simplified route to obtaining federal R&D funds