The Small Business Administration (SBA) is proposing to amend its regulations governing size and eligibility for the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Specific changes include:
Making it clear that SBA's size determinations apply to both the SBIR and STTR programs Defining the term "domestic business concern" to clear up eligibility questions concerning business ownership Defining the term "portfolio company" because the SBIR/STTR Reauthorization Act uses that term when referring to venture capital-owned companies (VCOCs), hedge funds and private equity firms
To read the full, original article click on this link: SBIR and STTR Changes: Federal Rules and Notices Impacting