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Raleigh-Durham, USA (ECONOMYNEXT) – A little-known American grant programme for research has been critical for the success of startup technology companies, some of which, like chip maker Qualcomm and cyber security firm Symantec Corp., are now multinationals.

The United States federal Small Business Innovation Research (SBIR) programme emerged out of concerns about U.S. competitiveness in the late 1970s, especially in the face of competition from Japanese exports, particularly in electronics.