Fostering American Innovation: Insights into SBIR and STTR Programs

Committee on Small Business

2025-02-26

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Source: Congress.gov

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Transcript

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Before we before we get started, I want to recognize Congress and Stauber from the great state of Minnesota to lead us in the pledge and the prayer.  Yeah.   Thank you.   And I now call the Committee on Small Business to order.
Without objection, the Chair is authorized to declare a recess of the Committee at any time.  And prior to opening statements, I ask unanimous consent to enter a letter to the record from the House Select Committee on the Chinese Communist Party requesting to waive on to today's hearing.  Without objection, so ordered.   Now, pursuant to the rules of the House and the rules of the Committee, I ask unanimous consent that members of the House Select Committee on the Chinese Communist Party be waived unto the Committee for the purpose of making an opening statement and asking questions.  And without objection, that is so ordered.  I now recognize myself for my opening statement.  I want to welcome everybody today to the hearing fostering American innovation, insights in the SBIR and STTR programs.  I want to thank our witnesses today.   for being here, and many of you traveled a long way to get here, and we're interested in your perspectives and your experiences, and we deeply value your time and your voice.  Small businesses are the backbone of innovation and economic prosperity in America.  The ability to take an idea, develop it into a product, and bring it to the market drives innovation and economic growth, strengthening our nation's competitiveness.  For over four decades, the SBIR and the STTR programs have fueled American innovation by providing early-stage funding to small businesses,   allowing them to develop cutting-edge technologies that strengthen our economy and support our military.  From life-saving medical advances to next-generation defense capabilities, these programs have empowered Main Street to turn ideas into reality for the government and the private sector.  The SBIR and the STTR programs channel federal R&D dollars and phases to small business, enabling the development of innovative ideas that align with the needs of federal agencies.  These agencies can offer SBIR and STTR awards   through two avenues, first through targeted solicitations, where the agency requests a product that meets specific requirements, or through open topics where small businesses propose innovative solutions to meet an agency's mission.  Prominent companies, including Qualcomm, 23andMe, and Bose, began as small businesses that leveraged the SBIR program to become industry leaders, demonstrating the program's power to drive innovation and economic growth.

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