By reserving a specific percentage of federal R&D funds for small business, SBIR protects the small business and enables it to compete on the same level as larger businesses. However, the risk and expense of conducting serious R&D efforts are often beyond the means of many small businesses. SBIR targets the entrepreneurial sector because that is where most innovation and innovators thrive. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs. The Small Business Innovation Research Program (SBIR) is a highly-competitive program that encourages small business to explore their technological potential and provides the incentive to profit from its commercialization. Small Business Innovation Research Program The SBA helps Americans start, build, and grow businesses. Although the SBA has grown and evolved in the years since it was established, the bottom line mission remains the same. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise, and to maintain and strengthen the overall economy of our nation.
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