Though federal agencies are hungry for new technology solutions, a report from the Government Accountability Office says they may be missing out on a key avenue of innovation.
The Dec. 21 report found that in past three fiscal years, less than three percent of grant funding from the Small Business Innovation Research (SBIR) program to went to companies that are majority-owned by multiple venture capital companies, hedge funds or private equity firms, despite being provided the authority to work with such businesses.
