New Law Allows Venture Capital-Backed Small Businesses to Qualify for SBIR and STTR Grants

Last month Congress passed the National Defense Authorization Act (HR 1540), which included Small Business Innovation Research (“SBIR”) and Small Business Technology Transfer (“STTR”) reauthorization to help fund small innovative companies on the brink of new technologies and discoveries.

The SBIR/STTR programs expressly permit VC-backed companies to compete for funds provided by participating agencies for the first time, addressing the capital raising challenges often faced by early-stage technology oriented companies.

What does this mean for your business? Click here to learn the key elements of the provisions.

This post was authored by Founders Workbench.

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