Small Business Innovative Research

Small Business Innovative Research aims to support small businesses in the United States by reserving 3.2% of the total extramural research budgets of federal agencies with extramural research budgets exceeding $100 million for contracts or grants. This program, coordinated by the Small Business Administration, is designed to foster innovation and technological advancement within small businesses. Additionally, the Small Business Technology Transfer Program (STTR) works in conjunction with the SBIR program to promote partnerships between small businesses and nonprofit U.S. research institutions, currently funded at .45% of relevant agencies' extramural research budgets. The budget allocation for FY 2024 is $374.118 million, which will be utilized to support and facilitate these initiatives.

The primary objective of Program PE 0605502A: Small Business Innovative Research is to promote innovation and technological advancement within small businesses through targeted funding and support. By reserving a portion of federal extramural research budgets for small businesses, this program aims to stimulate economic growth and enhance the competitiveness of these enterprises. Furthermore, the Small Business Technology Transfer Program (STTR) complements the SBIR program by fostering partnerships between small businesses and nonprofit U.S. research institutions, thereby facilitating knowledge transfer and collaboration. The FY 2024 budget allocation of $374.118 million underscores the government's commitment to driving innovation and fostering public-private sector partnerships within the small business community.