SBIR/STTR Reauthorization Act of 2008

Bill 110 s 3362, also known as the SBIR/STTR Reauthorization Act of 2008, is a piece of legislation that aims to reauthorize and improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs provide funding to small businesses to conduct research and development projects that have the potential for commercialization.

The bill includes provisions to increase the funding allocation for both the SBIR and STTR programs, as well as to streamline the application and review process for small businesses seeking funding. It also includes measures to increase the participation of women, minorities, and veterans in the programs, as well as to encourage collaboration between small businesses and research institutions.

Additionally, the bill includes provisions to improve the reporting and oversight of the SBIR and STTR programs, in order to ensure that the funding is being used effectively and efficiently. It also includes measures to increase the flexibility of the programs, allowing for greater innovation and experimentation in the projects that are funded. Overall, the SBIR/STTR Reauthorization Act of 2008 aims to support and promote innovation and economic growth by providing funding and support to small businesses engaged in research and development.