Congress established the Small Business Innovation Research (SBIR) program in 1982 to fund research and development (R&D) by U.S. owned and operated businesses of less than 500 employees. SBIR, the nation's largest source of early-stage technology financing. The three-phase SBIR Program directly funds up to $1.15 million in early-stage R&D by small companies. Eligible projects must fulfill an R&D need identified by the DoD and have the potential to be developed into a product or service for commercial or defense markets.
Stop by the AFWERX-Austin hub to find out more about upcoming SBIR announcements and the latest in trends, efficiencies and local opportunities available through this program.