Grants for starting a small business

Grants for starting a small business

The Small Business Innovation Research (or SBIR) program is a United States Government program, coordinated by the Small Business Administration, in which a portion of the extramural research budgets of several government agencies are reserved for contracts and Grants for starting a small business. Started with the passing of the Small Business Innovation Development Act in 1982, the goal of the program is to assist small businesses, providing competitive opportunities and stimulating innovation. For the purposes of the SBIR program, the term "small business" is defined as an American-owned for-profit business with fewer than 500 employees.

A similar program, the Small Business Technology Transfer Program (STTR), uses a similar approach to the SBIR program to expand public/private sector partnerships between small businesses and nonprofit U.S. research institutions. The SBA is an independent agency that operates under the authority of the Small Business Act of 1953. The secretary of commerce delegates small business responsibilities to the SBA. The organization and management of the SBA consists of an administrator and deputy administrator, who are appointed by the president and approved by Congress; field office directors; and administrators for the various program areas. The SBA also has associate administrators for the following offices: Disaster Assistance; Field Operations; Public Communications, Marketing, and Customer Service; Congressional and Legislative Affairs; Equal Employment Opportunity and Civil Rights Compliance; Hearings and Appeals; and Management and Administration.

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