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 July 2007
