WASHINGTON, Oct. 30, 2014 /PRNewswire-USNewswire/ -- "It saddens me, and the SBA community, to hear of the death on Monday of Roland Tibbetts, widely acknowledged as the father of today's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Our thoughts and prayers go out to his family.
Mr. Tibbetts' legacy and accomplishments are some of the most important in the world of high-growth, technology-driven small business. The SBIR and STTR programs together have awarded approximately $40 billion through 150,000 grants across almost every field of endeavor – advancing the frontiers of human knowledge, our national competitiveness and economic vitality.