1: Small Business Technology Transfer Program (STTR)

Drive innovation, strengthen U.S. competitiveness, and create jobs.

Other Information:

In January 2012, the SBA received long-term reauthorization of the highly successful Small Business Technology Transfer (STTR) program. The money from this program goes directly to some of America's most promising small research and development companies to help them drive innovation, strengthen U.S. competitiveness, and create jobs. STTR is a highly competitive program that reserves a specific percentage of federal research and development funding for award to small business and nonprofit research institution partners. Small business has long been where innovation and innovators thrive. But the risk and expense of conducting serious R&D efforts can be beyond the means of many small businesses. Conversely, nonprofit research laboratories are instrumental in developing high-tech innovations. But frequently, innovation is confined to the theoretical, not the practical. STTR combines the strengths of both entities by introducing entrepreneurial skills to high-tech research efforts. The technologies and products are transferred from the laboratory to the marketplace. The small business profits from the commercialization, which, in turn, stimulates the U.S. economy.

Stakeholder(s):

• Small R&D Companies
  • Research (Performer, Beneficiary)
  • Development (Performer, Beneficiary)

Objective(s):

1: Businesses & Jobs

2: Small Business Needs

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