The approved legislation supports allowing venture capitalist-backed small businesses to participate in the Small Business Innovation Research and Small Business Technology Transfer programs. In addition to increasing R D award sizes for all participants, the SBIR-STTR bill also aims to help small businesses that support NASA’s space shuttle program with the transition through the fleet’s 2010 retirement.
– Legislation updating a longstanding small business program for R amp;D won U.S.
approval July 8. The bill modernizes the Small Business Innovation Research
and Small Business Technology Transfer programs, including allowing
venture capitalists to again participate in the programs.

The Enhanci…