Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
May 16, 2021 | Tom Ballard

Analysis shows only four in 10 civilian agencies compliant with minimum SBIR spending requirement in 2018

A recent analysis concluded that a majority of participating federal agencies did not comply with the mandated minimum spending requirements for the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs.

As reported by the State Science and Technology Institute (SSTI), the U.S. Small Business Administration’s (SBA) 2018 Annual Report “provides a robust analysis of the award data for that year. While SSTI frequently examines the SBA’s publicly available and regularly updated award data — recent articles include analyses on the distribution of agency SBIR/STTR awards by state from 2009 to 2019 and the rate of SBIR awards per 1,000 innovative companies by state in 2019 — SBA’s annual report provides additional insights that cannot be gleaned from the publicly available data.”

Only four of the 10 participating civilian agencies were compliant with minimum SBIR spending requirement in 2018. They were the Departments of Commerce, Energy and Homeland Security and the National Science Foundation.

Click this link for more information.

Like what you've read?

Forward to a friend!

Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.

No, thanks!