NVCA Statement on SBIR/STTR Reauthorization 

  WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement after the U.S. Senate voted to reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs:  

“This reauthorization represents a strong bipartisan commitment to U.S. competitiveness and accelerating the development and scaling of critical technologies. The SBIR and STTR programs provide catalytic, non-dilutive capital that enables entrepreneurs to de-risk breakthrough innovations and validate government demand—complementing the more than $15 in venture capital leveraged for every dollar invested. Beyond ensuring the program’s continuity we applaud the inclusion of provisions that provide a clear pathway to commercialization, consistency, and transparency for entrepreneurs applying for the program.”

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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.