NEW YORK (GenomeWeb News) – The full US Senate will consider a bill that will reauthorize the Small Business Innovation Research and the Small Business Technology Transfer programs, which are set to expire at the end of July, through 2023.

The Senate Committee on Small Business and Entrepreneurship unanimously passed the SBIR/STTR Reauthorization Act of 2009 (S. 1233) this week, which will fund the two programs with over $2 billion per year in support grants to early-stage research and development projects at small technology companies.

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