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The SBIR program was initiated in 1982 to provide opportunities for science- and technology-based businesses with 500 employees or less to compete among themselves for federal R&D awards. In 1992 Congress reauthorized the SBIR Program until October 1, 2000. Eleven agencies, those with extramural R&D budgets of over $100 million, are required to maintain an SBIR program using a set-aside of a percentage of their budgets. The legislation provides for a gradual set-aside increase from 1.25% in 1992 to a maximum of 2.5% in FY 1997 and thereafter. SBIR Phases * Phase I: Awards for up to 6 months and $75,000 for a firm to explore the scientific and technical merit and feasibility of a research idea. * Phase II: Awards for up to 2 years and $750,000 to expand on Phase I results and pursue further development. Only Phase I awardees are eligible for Phase II, which is the principal R&D effort. * Phase III: Private or non-SBIR federal funding for commercialization of Phase II results. SBIR Conferences National SBIR conferences are held periodically to help small business firms identify R&D and marketing opportunities. Such subjects as procurement, auditing, finance, accounting, proposal preparation, and licensing are explored. |
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