S. 1573: SBIR/STTR Reauthorization Act of 2025

The SBIR/STTR Reauthorization Act of 2025 focuses on renewing and improving the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs are designed to stimulate technological innovation and support small businesses in commercializing their research and development efforts.

Key Aspects of the Bill

• Reauthorization and Modification: The bill seeks to reauthorize the SBIR and STTR programs, allowing them to continue providing funding and resources to small businesses. It also aims to modify existing structures to enhance program effectiveness.
• Increased Funding: It mandates that at least 10% of specific appropriated funds from each participating department be allocated to support SBIR and STTR initiatives. This aims to bolster the financial resources available for innovative small businesses.
• Focus on Competition and Commercialization: The bill emphasizes enhancing competition among small businesses and improving their chances of successfully bringing innovative products and technologies to market.
• Outreach and Support: There are provisions included to increase outreach to small businesses and provide additional support mechanisms, ensuring that these businesses have the necessary resources to thrive.
• Minority Participation: The bill specifically addresses the need for increasing participation from minority-owned businesses, providing targeted efforts to assist these companies in accessing funding and resources.
• Technical Assistance: It includes measures for providing technical assistance to small businesses to help them navigate the complexities of federal funding and technology transfer processes.
• Prohibition on Other Use of Funds: The legislation prohibits the use of funds transferred to enhance the SBIR and STTR programs from being allocated to the Small Business Investment Act programs, ensuring that the funds are used exclusively for the intended purpose.

Overall Objectives

The overarching objective of the SBIR/STTR Reauthorization Act of 2025 is to create a more robust environment for small business innovation and technology transfer. By increasing funding, encouraging diversity among participants, and improving support mechanisms, the Act aims to foster a more equitable and competitive landscape for small businesses in the science and technology sectors.

Relevant Companies