President Barack Obama signed legislation Dec. 31 that reauthorized the Small Business Innovation Research program for six years.
Through the SBIR program, the 11 federal agencies with the biggest outside research budgets are required to spend at least 2.5 percent of this money with small businesses. The new legislation, which was attached to a defense reauthorization bill, increases that share to 3.2 percent over the next six years.
To read the full, original article click on this link: Obama extends small-business research grant fund - Baltimore Business Journal
