June 1, 2011
SBIR Extension Signed by President
The President signed a bill late last week that will extend the Small Business Innovation Research (SBIR) program until September 30, 2011. The previous extension was set to expire on the 31st of May. There is no increase to the set-aside at this time which will remain at 2.5% for research agencies with R&D budgets greater than $100 million. The extension passed as part of a larger Small Business Administration (SBA) measure.
While the House and Senate have disagreed on several issues regarding the reauthorization of SBIR, the House eventually passed the extension, as it will give negotiators more time to work out a longer-term reauthorization.