Friday, June 26, 2009

House Committee Passes Their Version of the new SBIR Re-authorization

The House Small Business Committee just passed a version of the SBIR authorization that would put NO caps on VC owned company participation in the SBIR program. Now, both the Senate and House have to have floor votes on their own respective bills. Assuming they both pass, it will set the stage for the negotiation of the final bill to be sent to the President. The House bill would also increase Phase I's to $250k, and Phase II's to $2 million, as well as create a $27.5 million Phase III pot to further catalyze commercialization. However, they did not include any funding allocation increases to the program, which would mean significantly less grants available to innovative small businesses. Check out the following article for more info:

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