H.R. 4520: SBIR/STTR Application Assistance Act

This bill, known as the SBIR/STTR Application Assistance Act, aims to enhance assistance provided to small businesses applying for federal research grants under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Here’s a summary of its key components:

Extension of Program Support

The bill extends the funding and support period for the FAST (Federal and State Technology Partnership) program, which is designed to help small businesses participate in the SBIR and STTR programs. The extension moves the deadline for this support from September 30, 2005, to September 30, 2030.

Assistance in Applications

It mandates the Small Business Administration (SBA) to provide assistance for small businesses applying to either the SBIR or STTR programs, specifically aimed at increasing participation from states that have previously received a low number of SBIR or STTR awards. This support can include guidance on fulfilling compliance with federal directives that encourage broader participation in these grant programs.

Increased Outreach to Minority Institutions

The bill seeks to improve outreach efforts to enhance participation from individuals and institutions that conduct research at minority-serving institutions, specifically:

• Minority Institutions as defined in the Higher Education Act of 1965.
• Hispanic-Serving Institutions as defined in the same Act.

These efforts include modifying existing policies to require the SBA to promote and facilitate involvement from these educational institutions in the SBIR and STTR programs.

Overall Goals

The overall aim of the legislation is to broaden the participation of diverse small businesses, enhance support for applicants, and ensure that underrepresented states and institutions have increased access to federal funding opportunities in technology and innovation.

Relevant Companies

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