What is Small Business Innovative Research contract (SBIR contract)? - Definition from Whatis.com

Definition

Small Business Innovative Research contract (SBIR contract)

According to the U.S. Small Business Administration, a Small Business Innovative Research (SBIR) Contract is a a type of contract designed to foster technological innovation by small businesses with 500 or fewer employees. The SBIR contract program provides for a three-phased approach to research and development projects: technological feasibility and concept development; the primary research effort; and the conversion of the technology to a commercial application.

This was last updated in February 2007

Dig Deeper

Do you have something to add to this definition? Let us know.

Send your comments to techterms@whatis.com