NVCA Statement on House Passage of SBIR/STTR Reauthorization 

WASHINGTON, DC – National Venture Capital Association (NVCA) Vice President, Government Affairs Ashlyn Roberts issued the following statement after the U.S. House of Representatives voted to reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs:  

“This is a major step forward for America’s innovation ecosystem. After more than a year of engagement, Congress has delivered a thoughtful reauthorization that not only ensures continuity for the SBIR and STTR programs, but strengthens them. The inclusion of Phase II Strategic Breakthrough Awards creates a much-needed pathway to commercialization, helping companies bridge the valley of death, while new standards around transparency and consistency will better support entrepreneurs navigating the program. I commend the bipartisan leadership of the Senate and House Small Business and House Science, Space, and Technology Committees, and look forward to the bill being signed into law.” 

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The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.