To extend the SBIR and STTR programs, and for other purposes.
HR 5100 extends the SBIR and STTR programs until September 30, 2026, ensuring small businesses continue to receive vital federal R&D funding for innovation.
HR 5100 extends the SBIR and STTR programs until September 30, 2026, ensuring small businesses continue to receive vital federal R&D funding for innovation.
HR 5100 aims to extend the authorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for an additional year, until September 30, 2026. These programs are crucial for supporting small businesses engaged in innovative research and development (R&D) that aligns with federal agency needs, particularly in areas critical to national defense.
The SBIR and STTR programs have been instrumental in fostering innovation among small businesses for over 40 years by providing access to federal R&D funding. Without the extension, these programs would expire, potentially redirecting funds away from small businesses to larger firms, thereby stifling innovation and technological advancement.
HR 5100 is a critical piece of legislation aimed at ensuring the continuation of vital funding programs for small businesses engaged in innovative research. By extending the SBIR and STTR programs, the bill seeks to maintain a robust environment for technological advancement and support the growth of small enterprises that contribute significantly to the U.S. economy.
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