NEW YORK (GenomeWeb News) – The US House of Representatives have passed a bill that will extend the Small Business Innovation Research program that is scheduled to end this September as well as the Science and Technology Transfer Research program.
The House agreed to pass the Science and Technology Innovation Act of 2008 last week on a vote of 368 to 43, after it was reviewed and advanced in the Subcommittee on Technology and Innovation and the House Committee on Small Business.
The bill has now been read in the US Senate and has been referred to the Committee on Small Business and Entrepreneurship. This bill would increase funding levels for Phase I awards from $100,000 to $300,000 and Phase II awards from $750,000 to $2.2 million.
The bill also would increase the flexibility of SBIR award policy by allowing applicants to apply directly for Phase II funding, and it would expand the requirements for databases of recipients, as well as interoperability and accessibility between databases.
"SBIR and STTR are good economic stimulus programs that support research and innovation among our country’s leading job creators – small businesses," said the House Science and Technology Committee’s chairman, Bart Gordon (D – Tenn.), in a statement.