It is rather exciting to hear that Congress has reauthorized the SBIR and STTR programs for an additional two years. This allows companies to apply now for early seed monies and – if successful – continue in the funding cylce without worrying about the programs [immediate] future. The language of the bill passage is:
H.R. 2965, the Enhancing Small Business Research and Innovation Act of 2009; H.Rpt. 111-190 Parts 1 and 2 (Altmire)
Extends for two years the SBIR/ STTR programs . Permits small businesses with investment from venture capital companies to participate in the SBIR and STTR program, provided they meet certain eligibility requirements 7 .8 .09: House passed H .R .2965, 386–41 . 7 .13 .09: Senate passed H .R . 2965 in lieu of S . 1233 with an amendment substituting House language with provisions in Senate bill . Unanimous consent . Note: On 9.23.09 the House passed H.R. 3614, authorizing SBA programs through 10.31.09. Senate approval expected.
