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Small Business Technology Transfer Grants: Difference between revisions
Small Business Technology Transfer Grants (view source)
Revision as of 22:34, 4 March 2025
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|InitialFunding=$20 million (across all agencies) | |InitialFunding=$20 million (across all agencies) | ||
|Duration=Ongoing | |Duration=Ongoing | ||
|Historic= | |Historic=No | ||
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The '''Small Business Technology Transfer (STTR) Grants''', established in 1993 under the Small Business Research and Development Enhancement Act of 1992, are administered by multiple federal agencies, including the National Institutes of Health (NIH) within the Department of Health and Human Services, to provide competitive grants to small businesses (fewer than 500 employees) partnering with research institutions, allocating over $15 billion since inception to support approximately 1,500 projects annually by 2025. Initially funded with $20 million across all participating agencies, it has grown to distribute $300 million in FY 2024 across 1,500 awards at NIH alone, funding innovations like medical devices, biotechnology, and health IT through collaborations with universities and research centers nationwide.<ref>{{cite web |url=https://sbir.nih.gov/sttr |title=STTR at NIH |publisher=National Institutes of Health}}</ref> Despite its impact, challenges like funding competition and partnership complexities persist (web ID: 5), but it remains a key component of federal innovation support under HHS and other agencies. | The '''Small Business Technology Transfer (STTR) Grants''', established in 1993 under the Small Business Research and Development Enhancement Act of 1992, are administered by multiple federal agencies, including the National Institutes of Health (NIH) within the Department of Health and Human Services, to provide competitive grants to small businesses (fewer than 500 employees) partnering with research institutions, allocating over $15 billion since inception to support approximately 1,500 projects annually by 2025. Initially funded with $20 million across all participating agencies, it has grown to distribute $300 million in FY 2024 across 1,500 awards at NIH alone, funding innovations like medical devices, biotechnology, and health IT through collaborations with universities and research centers nationwide.<ref>{{cite web |url=https://sbir.nih.gov/sttr |title=STTR at NIH |publisher=National Institutes of Health}}</ref> Despite its impact, challenges like funding competition and partnership complexities persist (web ID: 5), but it remains a key component of federal innovation support under HHS and other agencies. | ||