Small Business Innovation Development Act - Definition
Written by Jason Gordon
Updated at December 17th, 2020
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is the Small Business Innovation Development Act?
The Small Business Innovation Development Act was enacted in 1982. It established the Small Business Innovation research (SBIR) program. SBIR's purpose is to empower small business with federal funding to conduct Research and Development (R&D).
SBIR strengthens the role of small innovative firms and motivates them to utilize R&D for the creation of technical innovation that would help the growth of nations economy.
The criteria for the Phase I and II of the SBIR awards are:
- The small business must be owned by citizens or permanent residents of the United states.
- The business must be a organized-for-profit business with its location in the United States.
- The employee strength of the firm must not exceed 500.
- The awardee must meet basic requirements in terms of its progress.
Back to: STRATEGY, ENTREPRENEURSHIP, & INNOVATION
Academic Research on Small Business Innovation Development Act
- Purpose and performance of the Small Business Innovation Research (SBIR) program, Cooper, R. S. (2003). Small Business Economics, 20(2), 137-151.
- Employment growth from the small business innovation research program, Link, A. N., & Scott, J. T. (2012). Small Business Economics, 39(2), 265-287.
- An empirical comparison between objective and subjective measures of the product innovation domain of corporate entrepreneurship, Jennings, D. F., & Young, D. M. (1990). Entrepreneurship Theory and Practice, 15(1), 53-66.
- The small business innovation research program, Link, A. N., & Scott, J. T. (2012). ISSUES in Science and Technology, 28(4), 89.
- Grantsmanship and entrepreneurship: A partnership opportunity under the Small Business Innovation Development Act, Brannen, K. C., & Gard, J. C. (1985). Journal of Small Business Management (pre-1986), 23(000003), 44.
- Public gains from entrepreneurial research: Inferences about the economic value of public support of the Small Business Innovation Research program, Allen, S. D., Layson, S. K., & Link, A. N. (2012). Research evaluation, 21(2), 105-112.
- The effects of government-industry R&D programs on private R&D: the case of the Small Business Innovation Research program, Wallsten, S. J. (2000). The RAND Journal of Economics, 82-100.
- Private equity and the innovation strategies of entrepreneurial firms: Empirical evidence from the Small Business Innovation Research Program, Link, A. N., Ruhm, C. J., & Siegel, D. S. (2014). Managerial and Decision Economics, 35(2), 103-113.
- Estimates of the social returns to small business innovation research projects, Link, A. N., & Scott, J. T. (2000). The small business innovation research program: An assessment of the department of defense fast track initiative, 275-290.
- The Shaky Start of the UK Small Business Research Initiative (SBRI) in Comparison to the US Small Business Innovation Research Programme (SBIR), Tredgett, E., & Coad, A. (2013).