Office of Investment and Innovation
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 $23 billion in growth capital. With authorization to invest $4 billion annually, the SBIC program operates at a zero-subsidy cost to the American taxpayer. OII also manages the agency’s Small Business Innovation 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 three recently launched initiatives; i) the $1 billion over-five-years Impact Investing Initiative and ii) the $1 billion over-five-years Early Stage Initiative and iii) the multi-million dollar Growth Accelerator award program.
The Office of Investment and Innovation's mission is to stimulate the economy by providing small businesses and entrepreneurs access to a) capital investment via our SBIC program and b) intellectual property and Federal research dollars via our SBIR and STTR programs. Since 1958, our mission has been and continues to be underpinned by public-private partnerships focused on reducing gaps for small companies operating on or along the dynamic four-way intersection in which our office operates; finance | principal investment capital | technology-driven innovation | high-growth entrepreneurship.