Bill > S1573

This bill reauthorizes and modifies the Small Business Innovation Research (SBIR) and Small Business Technology Transfer Research (STTR) programs through 2032, introducing several key improvements. The bill extends funding and increases agency expenditure requirements for these programs, gradually raising the percentage of agency budgets that must be allocated to SBIR/STTR from 4% in 2026 to 7% by 2032. It introduces new provisions to enhance program diversity and participation, including fellowship opportunities for undergraduates and graduate students, with a focus on increasing involvement from women, socially disadvantaged, and economically disadvantaged individuals. The bill also improves commercialization efforts by establishing a Technology Commercialization Official in each participating federal agency and creating new reporting requirements to track the impact of SBIR/STTR awards. Additionally, the legislation extends various pilot programs, simplifies application and award processes, and adds safeguards to prevent participation by certain foreign-owned entities. The bill aims to streamline the SBIR/STTR programs, make them more accessible to a broader range of small businesses, and improve the transition of research into marketable technologies, with a particular emphasis on increasing participation from underrepresented groups and enhancing the commercialization potential of funded research.

Business and Industry

https://www.congress.gov/bill/119th-congress/senate-bill/1573/all-info