This past year Congress needed eight stopgap “continuing resolution” (CR) spending bills before the Senate and House of Representatives could craft a federal budget for the fiscal year that ended September 30. Already in the current 2012 fiscal year, one CR is in place through November 18 pending adoption of a budget.
Embarrassing as all that sounds, Congressional leaders have had to craft three years of temporary spending fixes for one small component of that budget that has helped startups in the life sciences and other technology fields transform their innovations into successful businesses. The Small Business Innovation Research (SBIR) program subsists on the same roughly $2 billion annual budget as it had when its authorization ended with the 2008 fiscal year.
To read the full, original article click on this link: GEN | Analysis & Insight: Proposals in Congress to Renew SBIR Signal Changes to Program Set Up in 1982
Author:Alex Philippidis
