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Landrieu, Snowe Comment on NAS SBIR Study
"The NAS study will provide us another source of information to consider as we make difficult but vital decisions around SBIR reauthorization," Sens. Landrieu and Snowe said. "Reauthorizing the SBIR program before
Since the SBIR program was established in 1982 by Congress, it has played an unprecedented role in stimulating technological innovation and allowing small business to meet federal research and development needs. The SBIR program has awarded more than
The NAS study, commissioned by the NIH, looks at the impact of not allowing firms majority owned and controlled by venture capital companies to participate in the SBIR program at NIH. In 2002, the Small Business Administration clarified that venture capital firms, pension funds and corporate entities were not considered "individuals" for purposes of this small business program.
SOURCE U.S. Senate Committee on Small Business & Entrepreneurship
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