On Dec. 31, President Obama signed into law the National Defense Authorization Act of 2012. The NDAA included a six-year reauthorization of the Small Business Innovation Research and the Small Business Technology Transfer programs, which direct federal research and development dollars to small firms. Since September 2008, these programs had continued only through a series of 14 consecutive temporary extensions. The long-term reauthorization contained in the NDAA represents a major legislative victory in Congress that will provide much-needed certainty to companies that compete for SBIR and STTR grants in order to develop and commercialize innovative technologies and create new jobs in America.
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