The dreams of America’s entrepreneurs today often become our nation’s innovations tomorrow. Small businesses produce more than 14 times more patents than large businesses and universities and employ nearly 40 percent of America’s scientists and engineers. Their success lends in part to two important Small Business Administration initiatives: the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These essential programs are a cost-effective way to ensure that our nation’s most cutting-edge innovations have a chance to move from the lab to the marketplace.

To read the rest of this op-ed, click here.