The Office of Investment and Innovation (OII) at the US Small Business Administration runs the Small Business Investment Company (SBIC) program, a portfolio of public-private partnerships comprised of about 300 principal investment funds with over $19 billion in growth capital. With authorization to invest $3 billion annually, the SBIC program operates at a zero-subsidy cost to the American taxpayer.
OII also manages the agency’s Small Business Investment Research (SBIR) and Small Business Technology Transfer (STTR) programs. Combined they set aside ~$2.5 billion a year for small companies to engage in Federally funded R&D and cooperate with 11 government agencies and 100's of research institutions and universities. A key end goal is to assist in commercializing the resulting intellectual property (IP) with applications in a broad range of sectors in our country's economy - from nanotechnology to robotics to communications to genetic therapies to alternative energy.
Finally, OII leads and continues to develop two recently launched initiatives; i) the $1 billion over-five-years Impact Investing Initiative and ii) the $1 billion over-five-years Early Stage Initiative.