Innovation & Research
Small businesses are key to driving the innovation that will lead to job creation and economic growth. In fact, they produce 16 times more patents per employee than large businesses and universities and employ nearly 40 percent of America's scientists and engineers. To achieve key government research and development objectives, federal agencies partner with innovative small businesses through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Across the federal government, SBIR and STTR award more than $3 billion to small businesses each year. SBIR was reauthorized for three years in 2022.
Issue Related Press Release
July 2021
| Date | Title | |
|---|---|---|
| 7/28/21 | Cardin & Risch Introduce Bipartisan Legislation to Make SBA Venture Capital Fund More Equitable |
June 2021
| Date | Title | |
|---|---|---|
| 6/21/21 | Cardin Tours Bowie-based SemaConnect in Latest Made in Maryland Business Visit |
January 2021
| Date | Title | |
|---|---|---|
| 1/27/21 | Cardin, Hirono Introduce Bill to Provide Grants to HBCUs, MSIs & Community Colleges to Foster Innovation in Underserved Communities |
