The Technology Program Office administers the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program. Through these two competitive programs, SBA ensures that the nation's small, high-tech, innovative businesses are a significant part of the federal government's research and development efforts. Eleven federal departments participate in the SBIR program; five departments participate in the STTR program awarding $2 billion to small high-tech businesses.
The Technology Program helps to strengthen and expand the competitiveness of U. S. small high technology research and development businesses in the federal marketplace. We assist in achieving the commercialization of the results of both the federal research and development programs mandated by the Small Business Innovation Development Act of 1982, the Small Business Research and Development Enhancement Act of 1992, and the Small Business Innovation Research Program Reauthorization Act of 2000.
On February 24, 2004, President George W. Bush signed Executive Order 13329 Encouraging Innovation in Manufacturing. The executive order defines duties of the agencies and departments that participate in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. It also assigns duties to the Small Business Administration (SBA).
STTR is an important small business program that expands funding opportunities in the federal innovation research and development arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small business and the nation's premier nonprofit research institutions. STTR's most important role is to foster the innovation necessary to meet the nation's scientific and technological challenges in the 21st century.